Foundation Technologies Named to 'Fast 500' List of Nation's Fastest Growing Technology Companies by Deloitte & Touche

Business Wire, Nov 24, 1998

WALTHAM, Mass.--(BUSINESS WIRE)--Nov. 24, 1998--Foundation Technologies, the leader in knowledgebase software for human resource and employee benefits call centers, intranets, and self-service applications, has been named to Deloitte & Touche's prestigious "Fast 500" Program, a ranking of the 500 fastest growing technology companies in the U.S.

Rankings are based on five-year percentage growth in the revenues from 1993-1997.

"Our continuous rapid growth confirms the emergence of our HR knowledgebase as the standard for answering employee questions, a standard recommended by partners like Peoplesoft and PricewaterhouseCoopers, and customers like Ford, Sears, and Allied Signal," said Tod Loofbourrow, president and chief executive officer of Foundation Technologies. "Our knowledgebase software, Beneflex, allows companies to provide personal, responsive communication to employees regarding their employee benefits and human resources plans and policies. Beneflex users enjoy lower costs per employee, more reliable and consistent information and an upgraded ability to attract, recruit, and retain employees."

"Today, there are more than 22,000 high technology companies in the United States, many of whom are competing for the same markets here in the states and worldwide," said Mark Evans, managing director of Deloitte & Touche High Technology Industry Group. "The Fast 500 winners have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend Foundation Technologies for having the vision and determination to become one of the 500 fastest-growing technology companies in the U.S."

To qualify for the Fast 500, companies must have had revenues of at least $50,000 in 1993; must be headquartered in the United States; and be "technology companies" defined as companies that produce technology, manufacture a technology product, are technologically intensive, use technology in problem-solving, or devote a high percentage of effort to research and development of technology.

For more information on the Deloitte & Touche Technology Fast 500 program, visit the Web site at www.us.deloitte.com/fast500.> About Foundation Technologies

Foundation Technologies, Inc., headquartered in Waltham, Mass., is the market leader in human resource knowledgebase software for providing personal, accurate, responsive answers to employee questions. Inc. and Forbes ASAP magazines have named Foundation one of the fastest growing firms in the U.S. The firm serves the Global Fortune 2000, including Ford, Sears, Allied Signal and Travelers. With a network of global alliance partners, Foundation Technologies supports customers with operations in North America, Europe and Asia. Foundation Technologies can be found on the Internet at www.foundationtech.com.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides accounting and auditing, tax, and management consulting services through 23,000 people in offices in over 100 U.S. cities. Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global leader in professional services with more than 72,000 people in over 125 countries.