SOURCE: @Road

October 26, 2006 07:30 ET

@Road Ranked Again as One of the Fastest Growing Technology Companies in North America on the 2006 Deloitte Technology Fast 500

@Road Was Also Recognized as One of the Fastest Growing Silicon Valley Technology Companies as Part of Deloitte's Silicon Valley Technology Fast 50 Program

FREMONT, CA -- (MARKET WIRE) -- October 26, 2006 -- @Road, Inc. (NASDAQ: ARDI), a global provider of next-generation solutions for Mobile Resource Management (MRM), today announced that the company has qualified for Deloitte's 2006 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 revenue growth over five years, from 2001-2005. @Road's revenues grew 238 percent during this period.

"We can attribute our performance to our international expansion program, an insightful new product strategy, and a group of dedicated @Road employees who share a passion for delivering advanced MRM solutions to our customers," said Krish Panu, president and CEO of @Road. "We're proud to be recognized by Deloitte once again as one of the fastest growing technology companies in North America and in the Silicon Valley."

This is the fifth consecutive year that @Road has earned a place on the Deloitte Technology Fast 500 list. In addition to ranking on Deloitte's Technology Fast 500, @Road ranked 23rd amongst Internet, Media & Entertainment, and Communication companies on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the Silicon Valley.

"Sophisticated technology is becoming the norm and is in almost everything in the 21st century," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "@Road has developed technology solutions that deliver in today's highly competitive world, and we applaud their efforts, ingenuity and teamwork in becoming one of the fastest growing technology companies in North America."

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 2001 to 2005.

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.

Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years," said Mark Jensen, National Director of the Venture Capital Services Group for Deloitte & Touche LLP in San Jose. "@Road has proven to be one of the fast-growth success stories in Silicon Valley, and we applaud their dedication to making their vision a reality."

This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooly Godward Kronish LLP, Korn/Ferry International and Porsche Motorsports.

About @Road

@Road, Inc. is a leading global provider of solutions designed to automate the management of mobile resources and to optimize the service delivery process for customers across a variety of industries. @Road delivers Mobile Resource Management solutions in three key areas: Field Force Management, Field Service Management and Field Asset Management. By providing real-time Mobile Resource Management infrastructure integrating wireless communications, location-based technologies, transaction processing and the Internet, @Road solutions are designed to provide a secure, scalable, upgradeable, enterprise-class platform, and are offered in on-demand software delivery, on-premise or hybrid environments that can seamlessly connect mobile workers in the field to real-time corporate data. @Road is headquartered in Fremont, Calif., and has a global presence with offices in North America, Europe and Asia. For more information on @Road solutions, visit www.road.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. 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. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These factors, risks and uncertainties include, but are not limited to, the ability of @Road to sustain or achieve revenue growth; the ability of @Road to expand internationally; customer acceptance of @Road MRM solutions; the ability of @Road and its alliances to market, sell and support @Road solutions; and general economic and political conditions. Further information regarding risk factors is included in the @Road Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, the @Road Annual Report on Form 10-K/A for the year ended December 31, 2005 and in @Road's other filings with the Securities and Exchange Commission. @Road does not undertake any obligation to update the forward-looking statements contained in this press release.

@Road and the @Road logo are trademarks or registered trademarks of @Road, Inc. and its subsidiaries. All other trademarks or service marks used herein are the property of their respective owners.

Contact Information

  • @Road Media Relations Contact -

    Bob Stern
    Senior Public Relations Manager
    @Road
    (510) 870-1360
    bstern@road-inc.com

    @Road Investor Relations Contact -

    David J. Lebedeff
    Vice President Investor Relations
    @Road
    (510) 870-1317
    dlebedeff@road-inc.com