ExpressDigital has been named on Deloitte's prestigious Colorado Technology Fast 50 list, a ranking of the 50 fastest growing technology companies in Colorado by Deloitte & Touche USA LLP. Rankings are based on the percentage revenue growth over five years from 2001–2005.ExpressDigital's increase in revenues of 89% from 2001 to 2005 resulted in ranking 28th among the Colorado Technology Fast 50. The combined revenues for this year’s winners were $23,826,000,000.
“We are honored to be recognized among such notable companies on the Deloitte Colorado Technology Fast 50 list,” said Graham McFarland, President & CEO of ExpressDigital. “Our outstanding growth can be attributed to continuously anticipating our customer’sneeds and creating innovative software that drives successful solutions. Congratulations to our management team and employees for passionately executing the ExpressDigital vision over the last five years, resulting in this prominent award.”
To qualify for the Colorado Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Colorado, 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.
“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 ExpressDigital and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
Winners of 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.