SOURCE: Vestmark, Inc.

September 20, 2007 12:24 ET

Vestmark Ranked Number 2 in Deloitte's Technology Fast 50 Program for New England

Attributes Vision, Technology, and Customer Partnerships to Its 11,102 Percent Revenue Growth

WAKEFIELD, MA--(Marketwire - September 20, 2007) - Vestmark has been named to Deloitte's prestigious Technology Fast 50 Program for New England, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006.

Vestmark credits its vision, technology, and customer partnerships with the company's 11,102 percent revenue growth from 2002-2006. "This is evidence of the tremendous market opportunity before us and how we are growing to become the market leader in our industry," said David Blundin, CEO of Vestmark. "We thank Deloitte for recognizing Vestmark with this honor."

Vestmark's increase in revenues of 11,102 percent from 2002 to 2006 resulted in a 2nd ranking in the Technology Fast 50 for New England. The average increase in revenues among companies who made the Technology Fast 50 for this region was 2,137 percent.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

Companies from 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.

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.

About Vestmark

Vestmark is a technology platform provider for investment managers, overlay managers, sponsors, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables greater product innovation, increased operational efficiency, and compliance for its customers. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based platform providing complete functionality and connectivity to support the innovation in managed account products and the growth of the managed accounts industry. Vestmark is headquartered in metropolitan Boston, Massachusetts with offices in Oakland, California and Jersey City, New Jersey. For more information about Vestmark's managed accounts platform solutions, please call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.

Contact Information

  • Contact:
    Catherine Russell
    VP of Corporate Marketing
    +1 (781) 224-3640