Rich May News: 2004
October 1, 2004
Rich May client, Netspoke named one of top three fastest growing technology companies in Deloitte’s Fast 50 program
Attributes 5,119% revenue growth rate to accelerated adoption of integrated audio and web conferencing services and Netspoke’s solid reputation for performance, price and customer service
WOBURN, Mass., September 29, 2004 — Netspoke was named one of the top three fastest growing technology companies at the prestigious Deloitte Fast 50 Program for New England awards ceremony yesterday. The Fast 50 program is 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. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999–2003.
Netspoke’s CEO Scott D’Entremont credits accelerated adoption of integrated audio and web conferencing services and Netspoke’s solid reputation for performance, price and customer service with the company’s 5,119 percent revenue growth from 1999–2003. This impressive growth rate resulted in a #3 ranking in the Fast 50 for New England. The average increase in revenues among companies who made the Fast 50 for this region was 1,515 percent.
“We were honored to be named a finalist in August, but our ranking in the Top 3 really validates our success and the need for a customer-service-centric approach to conferencing and collaboration,” said D’Entremont. “Small to mid-sized enterprises are rallying around the idea of using real-time communications such as audio and web conferencing to create awareness and bottom line results. Netspoke’s growth and recognition in the Fast 50 listing is further evidence of this.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, 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 (using other companies’ technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com.
About Netspoke
Netspoke delivers unified web and audio conferencing capabilities through its Conferencing HubTM. By combining this technology with traditional customer care services, Netspoke provides mid-market businesses with the communications tools to operate and grow as efficiently as global enterprises that have greater resources. Based in Woburn, Mass., the company has more than 3,000 customers that use its Netspoke Conferencing product as an affordable, yet complete conferencing environment for one-to-one or one-to-many collaboration. For more information, visit the web site at www.netspoke.com or call 877-611-2255.
Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice. We are focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, our member firms, including their affiliates, deliver services in four professional areas: audit, tax, financial advisory services and consulting. Our member firms serve more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies.
Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, 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. The services described herein are provided by the member firms and not by the Deloitte Touche Tohmatsu Verein. For regulatory and other reasons certain member firms do not provide services in all four professional areas listed above.
About Rich May
Rich May’s diverse practice embraces the organization and operation of business ventures, venture capital, private placements, hedge funds, public offerings, technology licensing, mergers and acquisitions, contracts, joint ventures, internet and e-commerce law, employee relations, intellectual property, litigation and dispute resolution, energy, telecommunications, public utilities, wealth planning and real estate. Rich May provides superior legal and strategic counsel through its extraordinary commitment to clients’ success, outstanding professional competence and straightforward ability to communicate. Rich May embraces an entrepreneurial spirit and maintains a mission execution culture that distinguishes Rich May from other law firms.
Rich May combines the stability and experience of one of Boston’s oldest preeminent law firms with the innovative spirit and energy of a venture catalyst intensely focused on serving high-tech entrepreneurs, emerging companies and investors in New England and throughout the United States.
For more information, visit www.richmaylaw.com.
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