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Envision Financial Systems Named One of Orange County’s Fastest Growing Technology Companies in Deloitte’s Technology Fast 50 Program
Award Marks Second Consecutive Year Placing Within Fast 50
TUSTIN, CA. August 15, 2005 — Envision Financial Systems will be named to Deloitte's prestigious Technology Fast 50 Program for Orange County, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation’s leading professional services firms. Scheduled to be announced at the Orange County awards luncheon on October 11, Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 2000–2004.
Envision Financial System's CEO Satnam Gambhir credits continual innovation with the company's fast growth over the past five years. He said, “For over a decade we’ve followed one mantra: listen to the customer. Our PowerAgent award-winning transfer agency system was created from listening to the needs of mutual fund companies, and that policy continues strong through today. We will continue to innovate and add powerful new features to the only flexible and scalable transfer agency system on the market.”
“Making Deloitte’s Technology Fast 50 is a testament to a company’s vision that has resulted in exceptional growth over five years. Envision Financial Systems’ leadership has the right stuff for growth, and Deloitte salutes their accomplishments," says Fred Poska, partner in the Technology, Media & Telecommunications practice with Deloitte.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology 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 in a unique way does not qualify.
Winners of the 15 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 fastest growing technology companies. For more information Deloitte’s Technology Fast 50 or Fast 500 programs, visit www.fast500.com.
About Envision Financial Systems
Founded in 1994, Envision Financial Systems, Inc. is a leading provider of software solutions to the institutional and mutual fund asset management markets. Using an in-depth knowledge of the financial services industry and extensive experience in software development, they create leading-edge global systems that are intuitive, scalable, and easily adaptable. Their systems are based upon open standards, helping their clients compete in the ever-changing global environment. Envision’s headquarters are in Tustin, California, with Client Service and Support in Owings Mills, Maryland and Research and Development in Bangalore, India. For more information, visit www.enfs.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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Company Contacts: Edward Yang, Envision
at (714) 247-0030 ext. 124, edward.yang@enfs.com
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