Intelligent Systems Technology, Inc. Again Named
One of the Fastest Growing Technology Companies in the U.S.
for the Deloitte & Touche "Fast 500" Program
Santa Monica, CA, (November 4, 1999) - Intelligent Systems Technology, Inc. (ISTI) has been named to 1999 Deloitte & Touche's prestigious "Fast 500" Program, a ranking in the 500 fastest growing U.S. technology companies. Rankings are based on the percentage of growth in revenues from 1994-1998.
ISTI's President and CEO, Dr. Azad Madni, credits the demand for ISTI's corporate initiative planning and execution management technology with the company's 937 percent revenue growth over the past five years. He said, "As companies continue to expand overseas, acquire and merge, and transform to an e-business model, effective planning and execution of corporate initiatives will be a major contributor to a company's competitive advantage."
"To attain a listing on the Fast 500 is no easy feat, and we at Deloitte & Touche congratulate Intelligent Systems Technology for attaining this honor," said Mark Evans, Managing Director, Deloitte & Touche High Technology Industry Group.
ISTI's increase in revenues of 937 percent over the five-year period of 1994 to 1998 resulted in a 306th ranking overall in the Technology Fast 500.
To qualify for the Fast 500, companies must have had revenues of at least $50,000 in 1994; must be headquartered in the United States; and be "technology companies" defined as a company that produces technology, manufactures a technology product, is technologically intensive, uses technology in problem-solving, or devotes a high percentage of effort to research and development of technology.
For more information on the Deloitte & Touche Technology Fast 500 program, visit the web site at www.fast500.com.
Intelligent Systems Technology, Inc. is at the forefront of the new breed of IT companies specializing in integrated web-based solutions for corporate initiatives planning and management. The company's flagship products include The ProcessEdge™ Enterprise Suite and TeamEdge™.
The company's SolutionEdge™ Services are directed to providing strategic planning, training, consulting, and application integration services. For more information, contact ISTI at isti@intelsystech.com or visit the web site at www.intelsystech.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides accounting and auditing, tax, and management consulting services through 28,000 people in offices in over 100 U.S. cities. Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global leader in professional services with more than 82,000 people in over 130 companies.
The ISTI logo, ProcessEdge, TeamEdge, and SolutionEdge are trademarks of Intelligent Systems Technology, Inc.