SOURCE: Archer Technologies

November 17, 2008 10:43 ET

Archer Technologies Makes Deloitte's 2008 Technology Fast 500 for Second Consecutive Year

Significant Client Adoption and Retention Rates Along With Innovative Solutions That Address Increasing Risk and Regulatory Pressures Cited for the Company's 826 Percent Revenue Growth

OVERLAND PARK, KS--(Marketwire - November 17, 2008) - Archer Technologies (Archer) (http://www.archer-tech.com/), a provider of enterprise governance, risk and compliance (GRC) solutions, today announced that the company ranked No. 220 on Deloitte's 2008 Technology Fast 500, a listing 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 2003-2007. Archer grew 826 percent during this period and projects a record $22.5 million in revenue this year.

Archer CEO Jon Darbyshire credits the company's experienced team and strong demand for Archer's award-winning enterprise GRC solutions for the company's revenue growth over the past five years.

"Our ranking on Deloitte's Technology Fast 500 reflects the commitment and talent of our employees, who remain focused on delivering innovative solutions and exceptional client care," said Darbyshire. "Moving into 2009, we will continue to work closely with our customers to enhance our products according to their evolving business needs while expanding our global presence as regulations increase and companies realize the need for a holistic view of governance, risk and compliance."

A proven leader in the GRC space, Archer provides the foundation for a successful enterprise GRC program for clients and partners within the financial services, telecommunications, retail, media, technology and healthcare industries. With more than six million licensed users worldwide, Archer delivers out-of-the-box software solutions built on the flexible Archer SmartSuite Framework, which supports the automation of complex business processes.

"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate Archer Technologies on this significant accomplishment."

Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from 242 percent to 138,762 percent over five years. The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 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 2003 to 2007. 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. 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 Archer Technologies

Archer Technologies delivers enterprise governance, risk and compliance (GRC) solutions. With more than six million licensed users and a client list that includes one in four of the Fortune 100, Archer enables highly regulated companies to reduce enterprise risks, manage and demonstrate compliance, automate business processes, and gain visibility into corporate risk and security controls.

All Archer solutions, including Policy, Asset, Threat, Risk, Business Continuity, Disaster Recovery, Crisis, Incident, Vendor and Compliance Management, are built on the highly flexible Archer SmartSuite Framework, allowing clients to tailor the solutions according to their unique requirements and to build new on-demand applications to expand their enterprise GRC program. As a result, many of Archer's clients consider the Framework their go-to platform for rapid application development.

Archer clients maximize their use of the Framework through the Archer Exchange, an online marketplace of applications, services, content and integration solutions, and the Archer Community, an online social network of discussion forums, product ideas, downloads and resources. Through this supporting Archer ecosystem, clients have the tools and services they need to build a best-in-class enterprise GRC program. For more information, visit www.archer-tech.com.

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Contact Information

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    Erica Camilo
    BluePoint Venture Marketing for Archer Technologies
    781-861-7800
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