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Drool, Britannia? Is the UK Failing the Cloud?
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
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From the Wires
CapitalStream Ranked One of the Fastest Growing Companies in North America on Deloitte's 2006 Technology Fast 500
Attributes Its 245 Percent Revenue Growth to Exceptional Delivery of Innovative Front Office Automation Solutions to Forward-Thi

By: Marketwire .
Feb. 13, 2007 02:20 PM

SEATTLE, WA -- (MARKET WIRE) -- 02/13/07 -- CapitalStream Inc., a leader in front office automation solutions for commercial finance operations, announced that it ranked Number 457 on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. CapitalStream grew 245% percent during this period.

CapitalStream's president and CEO, Kevin P. Riegelsberger, credits the company's 245 percent revenue growth over the past five years to rapidly increasing demand for automation in business and commercial lending. The escalating demand has been driven in large part by the significant gains in efficiency realized by CapitalStream's customers including many of the most respected banks in North America. Riegelsberger said, "Over the years, CapitalStream's solutions have expanded to support the diverse lending, leasing and credit processes of midsize and large financial institutions. This award recognizes the significant contributions of our team and an unwavering commitment to offer the most comprehensive commercial front office platform in the marketplace."

"Sophisticated technology is becoming the norm and is in almost everything in the 21st century," said Tony Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "CapitalStream has developed technology solutions that deliver in today's highly competitive world, and we applaud their efforts, ingenuity and teamwork in becoming one of the fastest growing technology companies in North America."

Overall, companies that ranked on the 2006 Technology Fast 500 had growth rates ranging from 209 to 48,948 percent over five years, with an average growth rate of 2,145 percent.

In addition to ranking on Deloitte's Technology Fast 500, CapitalStream ranked 17th on the Pacific Northwest Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Washington, Oregon and Idaho.

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

About CapitalStream

Established in 1995, CapitalStream provides software and consulting services that enable commercial banks and finance companies to collaborate, integrate and operate more effectively across their front office operations. CapitalStream solutions streamline data gathering, deal structuring, credit analysis, document generation, booking, account monitoring and ongoing risk management to more effectively originate transactions and manage commercial relationships. CapitalStream transforms the paper-based operations of mid-market, small business, equipment leasing and commercial real estate groups by reducing costs, risk and processing times to grow their portfolios without increasing headcount. For more information, visit us at www.capitalstream.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting and financial advisory services -- and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

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.

In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and 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. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's Web site at www.deloitte.com/us.

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CapitalStream PR Contact:
Sandra Sick
Director of Marketing
Tel: 949.448.4685
Email Contact
www.capitalstream.com

Published Feb. 13, 2007
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