Business Services Industry
Insightful Corporation Named in Deloitte's Technology Fast 50 Program for Washington State
Business Wire, Oct 1, 2007
Company Attributes Growing Demand for Predictive Analytics and Reporting Solutions for Its 46% Percent Revenue Growth over 5 Years
SEATTLE -- Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that the company has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest-growing technology, media, telecommunications, and life sciences companies in the region 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 to 2006.
Insightful's CEO Jeff Coombs credits the growing demand for predictive analytics and reporting solutions for the company's 46 percent revenue growth from 2002 to 2006. "We are seeing a growing realization by companies across all industries - but particularly life science and financial services - of the imperative to analyze their data and communicate the results efficiently and effectively, unlocking hidden insight and detecting the subtle relationships that can deliver competitive advantage. Our solutions provide enterprises with the knowledge to act quickly and decisively."
Insightful's increase in revenues of 46 percent from 2002 to 2006 resulted in a ranking of 46th in the Technology Fast 50 for Washington State.
"Deloitte's Washington State Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Larry Hile, a partner with Deloitte & Touche LLP in Seattle. "We applaud the successes of Insightful and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
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.
This year's Washington State Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Perkins Coie LLP, Citibank, AH&T Insurance and the Puget Sound Business Journal.
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 U.S., 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 Insightful Corporation
Insightful Corporation (NASDAQ:IFUL) is a provider of predictive analytics and reporting solutions. Insightful products S-PLUS([R]), Insightful Miner([TM]), and S-PLUS([R]) Server allow companies to perform sophisticated statistical data analysis, data mining and create high-quality graphics for reporting their results. Insightful has been delivering industry-leading, high-ROI solutions to thousands of companies in financial services, life sciences, biotechnology, telecommunications, manufacturing, government agencies and research institutions for 20 years. Headquartered in Seattle, Insightful has offices in New York, North Carolina, France, Switzerland, and the United Kingdom, with distributors around the world. For more information, visit www.insightful.com, email info@insightful.com or call 1-800-569-0123.
Note to Investors - Forward-Looking Statements
This press release contains forward-looking statements, including statements about benefits expected to be provided by our products and solutions. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risk that our products and solutions do not perform as designed and expected and the risk that our revenue may not grow at similar rates, if at all, in future periods. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent report on Form 10-QSB. You should not unduly rely on these forward-looking statements, which apply only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of anticipated events.
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