Breakaway Solutions Named One of New England's Fastest Growing Technology Companies

Business Wire, Sept 27, 1999

BOSTON--(BUSINESS WIRE)--Sept. 27, 1999--

Full Service Provider of E-business Solutions Named to the Fast 50

for Third Consecutive Year

Breakaway Solutions Inc, a leading Full Service Provider (FSP) of e-business solutions that offers a portfolio of strategy, Internet and eCRM solutions and application hosting services to growing enterprises, today announced it has been recognized as part of the elite "New England Technology Fast 50" for 1999, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on five-year revenue growth (1994-1998). The program is co-sponsored by the professional services firms of Deloitte & Touche and Hale and Dorr LLP, in association with Mass High Tech.

Breakaway Solutions CEO Gordon Brooks is excited about the opportunity for continued revenue growth within the consulting and solutions integration industries. "We identified the need among the growing enterprise to have access to high-end application hosting, outsourcing, systems integration and IT consulting services," said Brooks. "With our FSP model we can provide the growing enterprise with all of these services and help them get to market first."

This is Breakaway Solutions' third year on the "New England Technology Fast 50." The company was recognized in the previous two years under its former name, The Counsel Group. WPL Laboratories, a Philadelphia-based Internet solutions firm that was purchased by Breakaway in June, made the Philadelphia region Fast 50.

To qualify for the Fast 50 companies must have revenues of at least $50,000 in 1994; may be public or private; and must be headquartered in the region. All nominees of the 19 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies.

About Breakaway Solutions

Breakaway Solutions Inc. is a Full Service Provider (FSP) of e-business solutions that allow growing enterprises to capitalize on the power of the Internet to reach and support customers and markets. As an application service provider (ASP), systems integrator and consulting firm, Breakaway Solutions offers four key services to its clients: Breakaway strategy solutions, Breakaway Internet solutions, Breakaway customer relationship management solutions for the Internet and Breakaway application hosting. Headquartered in Boston, Mass., Breakaway Solutions has seven regional offices and three Internet solutions centers in the U.S., along with 10 application hosting facilities in North America, Europe, Asia and Australia. Breakaway Solutions can be reached at 800-925-7100 or at www.breakaway.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 28,000 people in offices in over 100 U.S. cities. Deloitte & Touche is part of Deloitte and Touche Tohmatsu, a global leader in professional services with more than 82,000 people in over 130,000 countries. (www.us.deloitte.com)

About Hale and Dorr

Hale and Dorr LLP is the preeminent high technology law firm in New England and has a national reputation for advising and guiding emerging growth companies, especially those in the software, telecommunications and biotechnology arenas. Hale and Dorr LLP represents companies from start-up, through public offerings, and additional financings, to trademark and patent advice and corporate governance. In the last five years the firm has been involved in over 100 public offerings, ranking first in New England, and is a national leader among law firms representing venture backed, high-technology companies. (www.haledorr.com)

About Mass High Tech

Mass High Tech, The Journal of New England Technology, is a weekly technology journal serving the executives and management-level engineers of New England's innovation and technology industries. The journal's writers search out innovation and companies working on the "bleeding" edge and then report on their work and its marketplace applications before they make mainstream business news. Most importantly, Mass High Tech profiles and follows the people driving New England's innovation economy. With weekly readership of over 44,000, Mass High Tech's penetration into New England's technology community is unmatched. (www.masshightech.com)