MetricStream Ranked Tenth in Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) Companies.
MetricStream has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.
MetricStream’s CEO, Shellye Archambeau, credits deep understanding of customers' changing needs around Governance, Risk, Compliance (GRC) and Quality Management processes and a comprehensive and unique solution suite with embedded best practices from its community portal ComplianceOnline.com, for the company's 4,496 percent revenue growth from fiscal year 2003–2007. Ms. Archambeau said, "The current financial crisis clearly underlines the need for a strategic and well-coordinated effort to manage risks, implement corporate governance and sustainability programs and ensure compliance with government regulations. We are honored to be rated as one of the fastest growing companies in Silicon Valley, and we look forward to continued momentum as we experience high demand from enterprises that are striving to manage risk and compliance in an integrated manner. This includes their extended supply chains as well as new focus areas such as Green Compliance, Corporate Social Responsibility (CSR) and Environmental Health & Safety (EH&S)."
"Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment," said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "We applaud the successes of MetricStream and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
MetricStream’s increase in revenues of 4,496 percent from fiscal year 2003 to 2007 resulted in a 10th rank in the Technology Fast 50 for Silicon Valley. The average increase in revenues among companies who made the Technology Fast 50 for this region was 3,049 percent.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 (fast500.com) fastest growing technology, media, telecommunications and life sciences companies.
MetricStream (metricstream.com) is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, SanDisk, BP, Entergy, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California.
As used in this document, “Deloitte” means Deloitte LLP. Please see deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.