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.
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