|
Press Release |
|||
|
divine Named Top 'Rising Star' in Deloitte & Touche Technology 'Fast 50' Program for Chicagolanddivine's Revenue Growth of More Than 19,000% Over Last Three Years Merits Top HonorCHICAGO, Sept. 9 /PRNewswire-FirstCall/ -- divine, inc., (Nasdaq: DVIN - News), a leading provider of solutions for the extended enterprise, today announced that it has been named to the prestigious Deloitte & Touche "Technology Fast 50" Program for Chicagoland as the top-ranked "Rising Star," a special category based on the percentage of growth in fiscal year revenues from 1999- 2001. divine's three-year revenue growth of 19,148 percent gave it a first- place ranking in the Fast 50 "Rising Star" category for Chicagoland. The average increase in revenues among companies who made the Fast 50 for this region was 3,775 percent. divine Chairman and Chief Executive Officer Andrew "Flip" Filipowski credits market adoption of divine's Extended Enterprise solution and the acquisition of top- notch technology firms with the company's impressive revenue growth. "Despite very challenging market conditions, divine was able to grow through the acquisition of technology companies that have helped round out our Extended Enterprise solutions to offer a full line of software, professional and managed services that enable our customers to better interact and collaborate through their value chain," said Filipowski. "We expect that as businesses are still challenged in tough economic times, adoption of our Extended Enterprise solutions will continue to increase based on the clear impact our solutions have on organizations' bottom line." divine's Extended Enterprise offering includes a full line of software, professional services and managed services that allow customers to extend their business processes beyond the four walls of their enterprise to reach out to every key audience, including customers, partners, vendors and employees. These integrated solutions help organizations drive profitability and competitive advantage. "We congratulate divine for its tremendous achievement and success in a relatively short period of time," said Tim McCarty, Partner-in-Charge, Technology, Media & Telecommunications Practice. "The Rising Stars are emerging companies to watch. We look forward to witnessing their continued growth and expect that many of them will be named to the Technology Fast 50 list in the years to come." McCarty continued, "In an era where technology companies come and go, making the Deloitte & Touche Fast 50 Rising Star category is a testament to a company's vision that allows growth over a three-year period. divine has proven that its leadership has the right stuff for growth, and we at Deloitte & Touche salute their accomplishments." To qualify for the Fast 500, companies must have had operating revenues of at least $50,000 in 1997 and $1,000,000 in 2001, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology. The "Rising Star" category is based on the same requirements however for companies founded in 1998 or 1999 with the ranking based on three or four years of revenue, rather than the standard five. Winners of the 20 regional Technology Fast 50 programs in the United States and Canada 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 the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com . About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 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 innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Website at www.deloitte.com/us . For more information on the Technology Fast 50 and Fast 500 programs, please visit www.fast50.com . About divine, inc. divine, inc., (Nasdaq: DVIN - News) is focused on extended enterprise solutions. Through professional services, software services and managed services, divine extends business systems beyond the edge of the enterprise throughout the entire value chain, including suppliers, partners and customers. divine offers single-point accountability for end-to-end solutions that enhance profitability through increased revenue, productivity, and customer loyalty. The company provides expertise in collaboration, interaction, and knowledge solutions that enlighten, empower and extend enterprise systems. Founded in 1999, divine focuses on Global 5000 and high-growth middle market firms, government agencies, and educational institutions, and currently serves over 20,000 customers. For more information, visit the company's Web site at www.divine.com . divine is a trademark of divine, inc. All other trademarks, trade names and service marks referenced herein are the properties of their respective companies. top of page |
|||