NextAction Named #1 Rising Star in Deloitte's Technology Fast 50 Program for Colorado
Friday, 20 October 2006
NextAction Corporation, the fastest growing and leading provider of cooperative data solutions for retailers who want to identify new, relevant and lucrative market segments, has been named the #1 Rising Star in Deloitte & Touche USA LLP’s Technology Fast 50 program for Colorado.
The Rising Star award is a special designation for fast-growth companies that have been in business just three or four years and is part of the Colorado Technology Fast 50 program, which ranks the 50 fastest growing technology, media, telecommunication and life sciences companies headquartered in Colorado. Rankings are based on percentage revenue growth over three years (2003–2005).
“Deloitte’s Colorado Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Kurt J. Randall, Colorado Technology, Media and Telecommunications Leader, Deloitte Tax LLP. “We applaud the successes of NextAction and acknowledge its place as one of the few to accomplish such a fast growth rate over the past three years.”
"We are honored to be recognized by Deloitte for our strong performance," said Karl Friedman, CEO and Founder of NextAction. “This award is a testament to the ingenuity and teamwork of the entire company and I’m thrilled to be part of such an outstanding team.”
To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2005, be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues or devote 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.
Rising Star winners are automatically entered in Deloitte’s Technology Fast 500 Rising Star category. Deloitte’s Technology Fast 500 program ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies based on percentage revenue growth over five years (2001–2005). Its Rising Star ranking is based on percentage revenue growth over three years (2003–2005). For more information on Deloitte’s Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.