Percussion Software Named One of New England's Fastest Growing Technology Companies

Business Wire, Sept 14, 2000

Business/Technology Editors

STONEHAM, Mass.--(BUSINESS WIRE)--Sept. 14, 2000

-- Outstanding Revenue Growth Establishes Percussion as One of the

Top 50 Software Companies in New England for the

Second Consecutive Year --

Percussion(R) Software, a leader in native XML content management solutions, today announced it has once again been named to the prestigious "New England Technology Fast 50", a ranking of the 50 fastest growing technology companies in the area. The year 2000 rankings are based on five-year revenue growth (1995-1999). The program is co-sponsored by the professional services firm of Deloitte & Touche and the law firm of Hale and Dorr LLP, in association with Mass High Tech, the Journal of New England Technology.

Percussion Software's president and CEO, Barry Reynolds credits the company's world-class support organization, its innovative, easy to use products, and its successful entry into the Web Content Management market with the company's 739 percent revenue growth over the past five years. "We are excited to have been recognized as one of the fastest growing technology companies in New England for the second year in a row," he said. "Our ranking in the `New England Technology Fast 50' for 2000 is solid validation that we are an aggressive, innovative and successful enterprise."

"The definition of success in the technology marketplace is an elusive, forward-moving target. While it can be measured in many ways, it is pretty clear that the Fast 50 have made a definite impact on the marketplace and on the New England economy at large. Congratulations to Percussion Software for achieving this benchmark of success," said Steve DiPietro, a partner with Deloitte & Touche and Co-Chair of the 2000 New England Technology Fast 50 Program.

Percussion Software's increase in revenues of 739 percent over the five-year period of 1995 to 1999 resulted in a ranking of 35 overall in the Fast 50 for New England.

To qualify for the 2000 Fast 50 program, companies must have had operating revenues of at least $50,000 in 1995 and a minimum of $1 million in operating revenues in 1999; may be public or private; and must be headquartered in the region. To be considered for an award, the company must produce technology, manufacture a technology product, be technologically intensive, use technology in problem solving, or devote a high percentage of effort to the research and development of technology.

All nominees of the 22 regional U.S. and Canadian Fast 50 programs are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology companies.

For more information on Deloitte & Touche, visit the web site at www.us.deloitte.com. For more information on Hale and Dorr LLP, visit the web site at www.haledorr.com. For more information on Mass High Tech, visit the web site at www.masshightech.com.

About Percussion Software

Percussion Software (www.percussion.com) is the leader and innovator in next-generation, native XML content management solutions. Its flagship product, Rhythmyx Content Manager simplifies creating, managing and publishing Web content. With its open, standards-based architecture, customers can integrate critical e-commerce components to build a "best of breed" solution. Percussion's unique support model ensures customer success by providing unlimited technical support to the solution, not just the Percussion components.

Founded in 1994, Percussion Software is headquartered in Stoneham, Mass., with an office in Los Angeles, California, and European headquarters in London, England. Percussion Software is a Lotus Premier Business Partner, a Microsoft Certified Solution Provider and has development partnerships with SAP, Oracle, IBM, Sybase and Informix. Percussion Software was named among Spring Internet World 2000's "Best of Show" recipients, receiving the award for "Best Web Application Development Software." In 1999, Percussion Software was recognized as the fastest growing high-tech company in New England and ranked 16th nationwide in the Technology Fast 500 by Deloitte & Touche. In addition, the Boston bureau of internet.com, a news and information resource for Internet professionals, ranked Percussion second on its "20 for 2000" list, identifying the greater Boston area's 20 most promising, privately held start-ups.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte and Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 90,000 people in over 130 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.