SignalDemand, the global leader in on-demand price and margin optimization software, has been named a Rising Star in Deloitte's Technology Fast 50 program for Silicon Valley. The Rising Star award is a special designation for fast-growth companies that have been in business a minimum of three years, and is part of the Silicon Valley Technology Fast 50 program. Rising Star rankings are based on percentage revenue growth over three years (2005–2007). 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.
Using patent-pending econometric modeling and sophisticated pricing algorithms, SignalDemand helps the world's largest manufacturers determine the best pricing, product mix and production across regions, channels and customers, even as worldwide commodities markets change in unanticipated ways. The company's customers include global food, meat and industrial manufacturers. Earlier this year, SignalDemand was named a "Cool Vendor" in the Gartner "Cool Vendors in Manufacturing, 2008" and was the only on-demand pricing company recognized by JMP Securities' "Hot 100" list of private companies.
"The Deloitte Silicon Valley Technology Fast 50 Rising Star companies have shown the strength, vision and tenacity to succeed despite a very challenging technology environment," said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. "Making Deloitte's Technology Fast 50 Rising Star is a testament to a company's vision that has resulted in exceptional growth over three years. SignalDemand's leadership team has the right stuff for growth, and Deloitte salutes their accomplishments."
"Being included alongside such a great roster of companies is fantastic validation of the value that SignalDemand delivers to manufacturers in a rapidly changing economic environment," said SignalDemand CEO Mike Neal. "In this climate, companies are finding that their traditional approaches to making pricing, product mix and production decisions no longer yield the best results. As markets become more complex and less predictable, pricing experts at global manufacturers are combining their own expertise with SignalDemand to compete and win even under the most adverse conditions."
To qualify for the Technology Fast 50 Rising Star program, companies must be incorporated a minimum of three years and have revenues in only three or four years, have operating revenues of at least $50,000 in 2005 and $5,000,000 in 2007, be headquartered within the San Francisco Bay Area (subsidiaries or divisions are not eligible, unless they have some public ownership and are separately traded), 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 companies are automatically entered in Deloitte's Technology Fast 500 Rising Star category. Its Rising Star ranking is based on percentage revenue growth over three years (2005–2007). For more information on Deloitte's Technology Fast 500 or Technology Fast 50 programs, visit fast500.com.
SignalDemand (signaldemand.com) provides manufacturers with on-demand software and services to achieve maximum profit margins in the face of volatile markets and increasingly complex pricing decisions. Using patented, comprehensive mathematical models to process thousands of variables, SignalDemand's technology allows customers to adjust supply and demand on a continual basis. By recommending best price, supply utilization and product mix in moments, SignalDemand enables better day-to-day decision-making. Companies such as Cargill, Farmland Foods, Hormel, National Frozen Foods, Rich Products, Seaboard Foods and Ventura Foods rely on SignalDemand for immediate and ongoing improvement of financial performance.
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.
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