NewswireToday - /newswire/ -
Farmington, CT, United States, 2007/10/26 - Premise Corporation, leading hospital software company, recognized for Outstanding Growth over past five years by Deloitte's Technology Fast 500.
Premise Corporation, a leading provider of software solutions to optimize patient flow, has been ranked Number 71 in Deloitte's 2007 Technology Fast 500, a ranking of the fastest growing technology companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002 to 2006. Premise's growth rate of 2,265% was remarkable, and attributable to strong product and service differentiation, a premier client base of thought-leading hospitals, and the expansion of products available to serve a rapidly growing market.
"We appreciate Deloitte's recognition of our unprecedented growth, which reflects the hard work and dedication of every member of the Premise team, as well as validation for the many great hospitals and health systems that have chosen to partner with us," stated Premise Corporation Chief Executive Officer Eric Rosow. "It's also nice to be in ranked with such good neighbors," said Mr. Rosow, making reference to being ranked just behind number 70 Google™, which had a growth rate of 2,313% over the same period.
"Deloitte's Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America's most innovative and competitive sectors," says Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate Premise Corporation on this significant accomplishment."
This is Premise Corporation's first year placing in Deloitte's nationwide Technology Fast 500, and the second time in three years it has appeared in the top ten in Deloitte's Technology Fast 50 program for Connecticut.
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 2002 to 2006.
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.
Premise Corporation (premiseusa.com) is a leading provider of integrated and clinically-focused software solutions that optimize patient flow, streamline communications, enhance operational efficiency, and empower knowledge-based decision making. Premise optimizes the delivery of healthcare services by prompting workflow and facilitating the widespread use and visualization of real-time operating data. Premise offers the industry’s most intuitive systems for bed placement, management and turnover; transport, environmental services, and decision support, and has been serving the healthcare industry for over 12 years.