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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 Fourth Consecutive Year Placing within Fast 50
IRVINE, CA. October 17, 2007 — Envision Financial Systems was named to Deloitte's prestigious Technology Fast 50 Program for Orange County for the forth consecutive year, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Announced at the Orange County awards event on October 16th, the Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 2002–2006.
“We are honored to once again be recognized as one of the 50 fastest growing firms in Orange County” says Satnam Gambhir, Chief Executive Officer of Envision. “As we expected, 2006 proved to be a pivotal year. We entered new financial services markets, we continue to add new product offerings and sign new clients. The next three years will be ones of rapid expansion as we continue to provide innovative solutions to the financial industry and we are pleased to be able to continue to contribute to Orange County’s economic growth.”
“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Envision Financial Systems for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Envision to Deloitte’s Technology Fast 50,” says Rick Rayson, Managing Partner, Orange County Practice, Deloitte & Touche LLP.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
Companies from the 16 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, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology 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 flexible. Their systems are based upon open standards, helping their clients compete in the ever-changing global environment. Envision’s headquarters are in Irvine, California, with offices in Owings Mills, Maryland and 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 the 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: John Gray, Envision at (714) 247-0030 ext. 124, john.gray@enfs.com
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