SPS Ranked as One of the Fastest Growing Technology Companies in North America on the 2002 Deloitte & Touche Technology Fast 500

Software Performance Systems Attributes its 615% Percent Revenue Growth to an Innovative Environment and Strong Customer Commitment.

Arlington, Virginia, December 16, 2002 – Software Performance Systems, Inc (SPS) has announced that it ranked one of the top 500 firms on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the fastest growing technology companies in North America.  Rankings are based on percentage revenue growth over five years, from 1997-2001.  SPS grew 615 percent during this period.

SPS's CEO, Greg Dorsett, credits employee innovation and long-term customer commitment with the company's 615% revenue growth over the past five years.  He said, "In 2002, SPS continued to strengthen its business base in State and commercial markets to complement the Federal government sector.  Key strategic successes in our core vertical markets have provided new opportunities and customers.  By creating an innovative environment for successfully delivering solutions to our customers, SPS has realized one of the highest employee retention rates in the industry.  This commitment to the company directly translates into long-term commitment to our customers.”

"With its ranking on the prestigious Deloitte & Touche Technology Fast 500, SPS's leaders have proven that they have the vision and the fortitude to excel in the highly competitive technology industry,” said Mark A. Evans, managing director of Deloitte & Touche's Technology, Media & Telecommunications Group.  "We congratulate SPS on becoming one of the 500 fastest growing technology companies in the United States and Canada.”

Mr. Evans further noted that, "Making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership, commitment to technology, and ability to deliver the right solution at the right time.  With its 615% growth rate over five years, SPS has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments.”

In addition to ranking on the Deloitte & Touche Technology Fast 500, SPSranked 23rd on the Virginia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Virginia.

Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: Deloitte & Touche's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.  To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively.  They must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company's operating revenues or devote a high percentage of effort to research and development of technology.

Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring.  The CEO Summit, now in its fifth year, is designed to address the unique business challenges facing these super-charged technology companies.

About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities.  The firm is dedicated to helping its clients and its people excel.  Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years.  Deloitte & Touche refers to Deloitte & Touche LLP and its related entities.  Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu.  Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.  For more information, please visit Deloitte & Touche's Web site at www.deloitte.com.

About SPS
Software Performance Systems, Inc. (SPS), a small business based in Maryland, is a privately held information technology services provider. Established in 1995, SPS specializes in the design and integration of large Web-based solutions for State and Local Governments and commercial clients. SPS has been honored with many national awards, including: #10 ranking in the Computerworld Top 100 Best Places to Work in IT, Deloitte's Virginia Technology Fast 50 and North America Technology Fast 500, and as a SBA Exporter of the Year. More importantly, SPS solutions helped our clients win prestigious awards, including the Grace Hopper Federal Government Technology Leadership Award, the E-Gov Pioneer Award, the Excellence.gov Grand Prize Award, and the Government IT Agency Award for Excellence in Government.
SPS...proven over time.

Contact Information
Software Performance Systems, Inc.
Sid Chowdhary, VP State and Local Government Solutions Division
240-949-8825 / 1-866-734-6777
SChowdhary@goSPS.com
www.goSPS.com




 
 
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