Business Services Industry
Acacia Research Ranked Number 4 in Deloitte's Technology Fast 50 for Orange County
Business Wire, Oct 29, 2008
NEWPORT BEACH, Calif. -- Acacia Research Corporation (Nasdaq:ACTG) has been named to Deloitte's prestigious Technology Fast 50 program for Orange County, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area. Rankings are based on the percentage revenue growth over five years from 2003 - 2007.
Acacia Research's increase in revenues from $692,000 in 2003 to $52,597,000 in 2007 resulted in a number 4 ranking in the Technology Fast 50 for Orange County based on a 5-year growth in revenues of 7,500%.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, 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 devote a significant portion 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 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 http://www.fast500.com.
ABOUT DELOITTE
As used in this document, "Deloitte" means Deloitte LLP and Deloitte Services LP, as subsidiary of Deloitte LLP. Please see http://ww.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control 99 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.
Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
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