SOURCE: Globoforce

January 15, 2007 09:00 ET

Globoforce Receives Deloitte Technology Fast 50 Award and Named a Deloitte Fast 500 Europe Recipient

Recognized for Outstanding Sales Growth of Its Global Incentive Solution and Acknowledged as One of the Fastest Growing Technology Companies in Europe

WESTBOROUGH, MA and DUBLIN, IRELAND -- (MARKET WIRE) -- January 15, 2007 -- Globoforce, the leading provider of worldwide, on-demand employee reward & recognition programs and sales incentive solutions for Global 2000 companies, announced it has been named as a recipient of Deloitte's exclusive Technology Fast 50 Award.

Globoforce, a winner three years in a row of the Deloitte Technology Fast 50 award, advances 32 places this year to number 11, an outstanding achievement. The Technology Fast 50 ranks the fifty fastest growing technology companies that have demonstrated the ability to innovate and sustain growth over a five-year period. Following a record year of success in 2005, Globoforce experienced an increase of 250 percent growth in revenues on 2004.

"Our triple digit growth is a reflection of our determination and imagination, which is today creating innovation in our industry," said Eric Mosley, Globoforce CEO and President. "It is gratifying to see our success acknowledged in the Deloitte Fast 50 and Fast 500 Europe rankings as we continue the momentum in providing dynamic, easy-to-use, on-demand incentive solutions that motivate and reward workforces and sales channels worldwide."

Announcing the winners of the Technology Fast 50 program, Tom Keenan, Partner with Deloitte, Belfast, said: "What's very encouraging about this year's awards is that we are seeing strong performances from both new and previous entrants. This bodes well for our indigenous Irish companies and proves that Ireland is consolidating its position as a key player within the sector, while simultaneously producing fresh and innovative new companies."

The Fast 50 program, now in its seventh year, ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. Thirty-five companies from the Republic of Ireland and 15 companies from Northern Ireland were recognized for achieving an average annual growth of 852% over the last 5 years. This represents an increase of 329% on last year.

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 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting and financial advisory services -- and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth 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.

About the Globoforce Solution

Globoforce's unique on-demand incentive solution offers companies a single platform for managing and implementing their global rewards and incentive programs. Based on J2EE architecture, Globoforce has built a flexible, efficient and powerful rewards and recognition tool that can scale from one user to millions of users with complete ease, offering global companies an easy-to-use, secure tool that can be rapidly deployed and enhanced as needs arise. The web-based solution offers numerous key features including multi-language and multi-currency capabilities, online and offline reporting options, customized award design options, real-time reporting and budget management capabilities, single-user sign on, comprehensive administration tools and world-class customer service.

About Globoforce

Founded in 1999, Globoforce is the leading provider of worldwide, on-demand incentive, reward and recognition programs for Global 2000 companies. Globoforce transforms the way enterprises motivate their workforces and sales channels through its dynamic, easy-to-use, on-demand technology platform -- empowering the most successful organizations on all continents. Funded by Atlas, Benchmark Venture Capital and a number of private investors, Globoforce is co-headquartered in Westborough, MA and Dublin, Ireland. Globoforce was winner of the 2006 IMA (Incentive Marketing Association) Circle of Excellence Award for "Best Employee Recognition Program" and the recipient of the "2004 Top HR Product of the Year Award" from HR Executive Magazine. Globoforce's customers include IBM, Reuters, Dow Chemical, Avnet and Safeway.

For more information, visit the company at or contact them via email at

Contact Information

  • Media Contacts:
    Meghan Finnerty
    P: 508-898-9988
    Email Contact

    Valerie Harding
    Ripple Effect Communications
    P: 617.536.8887
    Email Contact