SOURCE: OpenPages

October 23, 2007 08:30 ET

OpenPages Ranked Number 173 Fastest Growing Company in North America on Deloitte's 2007 Technology Fast 500

OpenPages Attributes Revenue Growth of 949% to Continuous Risk Management Technology Improvements

WALTHAM, MA--(Marketwire - October 23, 2007) - OpenPages today announced that it has been ranked number 173 on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. OpenPages grew 949 percent during this period.

OpenPages' President and CEO Michael J. Duffy attributes the company's 949 percent revenue growth over the past five years to the company's ability to successfully adapt to changing customer needs for enterprise risk and compliance management. He said, "To once again be identified as a Deloitte Technology Fast 500 company, and the highest ranked GRC vendor on the list, is an exceptional accomplishment, one that highlights that businesses continue to choose OpenPages risk management solutions to optimize business performance."

In addition to ranking on Deloitte's Technology Fast 500, OpenPages ranked 20 on the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the area.

"Sustaining high revenue growth over five years is an exceptional accomplishment," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We are proud to honor OpenPages with a ranking on the Deloitte Technology Fast 500 list."

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

About OpenPages

OpenPages is the leading provider of enterprise risk management solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance (GRC) activities across the enterprise and by incorporating risk management into their day-to-day business processes. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of risk and compliance solutions, please call 781-693-5999 or visit www.openpages.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting, and financial advisory services -- and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

Contact Information

  • Contacts:

    OpenPages
    Sue Roberts
    OpenPages
    781.647.5941
    Email Contact

    North America
    Jessica Sutera
    Lois Paul & Partners
    781.782.5789
    Email Contact

    Europe
    Charlotte Hanson
    Harvard Public Relations
    +44 208 564 6331
    Email Contact