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Pragmatech Announces Its Ranking in Inc 500 and Deloitte & Touche Fast 500 ListsDespite tough economic times, Amherst, NH company continues to grow revenuesAmherst, New Hampshire, October 16, 2002— Pragmatech Software, the leading provider of sales effectiveness and proposal automation solutions, today announced that it has once again been named to the Inc 500 and Deloitte & Touche Technology Fast 500 lists, two rankings of the 500 fastest-growing companies in North America. Pragmatech experienced 614% growth over a 5-year period, with $8.1 million in revenues for the year ended 2001. The company was first recognized by the Inc 500 and Deloitte & Touche Fast 500 in 2001. “Pragmatech’s revenue growth over the past 5 years is a result of our unrelenting focus on providing the best solutions for critical business needs,” said Brooke Savage, co- founder of Pragmatech Software. "Inclusion in the prestigious Inc and Deloitte & Touche rankings for 2 consecutive years shows that strong results can be achieved through our continued dedication to customers and teamwork.” “Even with the current economic conditions, Pragmatech continues to meet its sales targets,” said Melissa Mabon, co-founder of Pragmatech Software. “Recognition from these two leading firms attests that we're on track with our business approach and corporate strategies.” “This is the first Inc 500 ranking to reflect the full impact of the recession,” said Inc editor, John Koten. “Yet these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They’re showing that smart strategies can succeed even in the toughest of times.” The average 5-year growth rate of this year’s Inc 500 companies was 1,521 %. While that is less than the 1,933% average for companies on last year’s list, it is nonetheless dramatic in the current economic environment. More than two-thirds of 2002 Inc 500 companies are profitable. Despite the technology bust, computer software and services remains the leading industry category, representing nearly 40% of firms on the list. “Making the Deloitte & Touche Technology Fast 500 is a testament to a company’s leadership, commitment to technology, and ability to deliver the right solution at the right time,” said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. “With its 614% growth rate over 5 years, Pragmatech Software has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments.” The Deloitte & Touche Technology Fast 500 program recognizes companies that have achieved the most rapid revenue growth between 1997 and 2001. The average increase in revenues among companies who made the 2002 Fast 500 list was 6,772%. About Pragmatech Pragmatech Software, Inc., is the leading developer of innovative and intelligent web-based sales effectiveness software solutions. The company serves more than 1,500 customers in a variety of industries, including financial services, banking, healthcare, telecommunications, legal, insurance, technology, and others. The company’s Sales Effectiveness Software Suite, which includes The RFP Machine® and The Proposal Assembler™, greatly simplifies the process of creating winning business proposals and responding to Requests for Proposals (RFPs) and Requests for Information (RFIs) for sales and marketing professionals and, with Web Publisher™, expands the means through which corporate messaging is disseminated. Pragmatech Software, Inc., is headquartered in Amherst, New Hampshire, and has offices in San Francisco, Dallas, Atlanta, Chicago, and New York. Pragmatech Software Europe Limited, based in Reading, UK, is the company’s European Subsidiary. For more information on the company, visit www.pragmatech.com. About Inc Magazine Inc, the premier magazine for growing companies, may be accessed online at www.inc.com. The magazine is owned by Gruner + Jahr USA, one of the top ranked magazine publishers in the U.S., reaching one of the largest readerships in America. In addition to Inc, Gruner + Jahr USA publishes Child, Family Circle, Fast Company, Fitness, Parents, and YM. G+J USA is 25.1% owned by the Jahr Group and 74.9% owned by Bertelsmann AG, the largest privately held and the fifth largest media company overall in the world with yearly revenues at $17.86 billion. 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 its 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 Web site at www.deloitte.com. Editorial Contact: Viveca Woods VMW Public Relations 646-418-6934 Viveca@optonline.net top of page |
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