|
Press Release |
|||
|
Witness Systems Named One of North America's Fastest Growing Technology Companies on Deloitte & Touche "Technology Fast 500"- Company also appears on local Deloitte & Touche "Atlanta Technology 50" ranking for second consecutive year -ATLANTA (October 30, 2002) - Witness Systems (NASDAQ: WITS), a leading global provider of performance optimization software and services, today announced it has been named to the Deloitte & Touche "Technology Fast 500," a ranking of the 500 fastest growing technology companies in North America. Rankings were based on percentage revenue growth over a five-year period from 1997-2001. Witness Systems' ranking of number 375 represents the company's second consecutive appearance to the Technology Fast 500. "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 899 percent growth rate over five years, Witness Systems has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute its accomplishments." Dave Gould, president and CEO of Witness Systems, credits the company's expansion over the past five years to its market leadership position, solid financial resources and global expansion. He also attributes the technology innovation of Witness Systems' eQuality® software suite and the company's expanding worldwide customer base as key success factors. Whether a company is implementing eQuality for the first time or expanding the software's use into new contact center sites, organizations continue to experience significant, tangible benefits and rapid returns on their investments. In addition to appearing on the Deloitte & Touche Technology Fast 500, Witness Systems also was named to the Deloitte & Touche "Atlanta Technology 50," a ranking of the top 50 revenue producing technology firms in metro-Atlanta. Witness Systems, ranked number 31, also appeared on the list in 2001. Technology Fast 500 Selection and Qualifications The Technology Fast 500 list is compiled from three sources: Deloitte & Touche's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500 and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company's operating revenues or devote a high percentage of effort to research and development of technology. 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. About Witness Systems Witness Systems (NASDAQ: WITS) provides the contact center industry's first integrated performance optimization software suite to help global enterprises capture customer intelligence and optimize workforce performance. Comprised of business-driven multimedia recording, performance analysis and e-learning management applications, the browser-based eQuality® solution is designed to enhance the quality of customer interactions across multiple communications media, including the telephone, e-mail and Web. The closed-loop suite enables companies to record, evaluate and analyze customer contacts, and then launch e-learning to develop staff, generate additional revenue, and achieve greater customer retention and loyalty. An integrated business consulting, implementation and training methodology provides services to support an effective, rapid deployment of eQuality that enables organizations to maximize their return on investment. For additional information about Witness Systems and its eQuality software suite, visit www.witness.com, or call 1.888.3.WITNESS. Cautionary Note Regarding Forward-looking Statements Under the Private Securities Litigation Reform Act of 1995: Information in this release that involves Witness Systems' expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. These statements include statements about Witness Systems' strategies in the marketplace, its market position and its relationship with customers. All forward-looking statements included in this release are based upon information available to Witness Systems as of the date of the release, and the company assumes no obligation to update any such forward-looking statement. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, fluctuations in customer demand and the timing of orders; the company's ability to manage its growth; the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the company's markets; the risks associated with competition; the risks associated with international sales as the company expands its markets; and the ability of the company to compete successfully in the future, as well as other risks identified under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2001 and any other reports filed from time to time with the Securities and Exchange Commission. Witness, eQuality and the Witness logo are United States registered trademarks of Witness Systems, Inc., protected by laws of the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners. Editorial Contact: Shana Peterson Porter Novelli 404.995.4505 shana.peterson@pnicg.com top of page |
|||