Press Release
Contact:
Ayesha Rahman
(301) 258-5600
arahman@savantage.net
FOR IMMEDIATE RELEASE
Savantage Solutions Named One of Maryland’s Fastest Growing Technology Companies in Deloitte’s 2005 Technology Fast 50 Program
ROCKVILLE, Maryland - October 12, 2005
Savantage Solutions has been named a Fast 50 Technology company in the state of Maryland by Deloitte & Touche. Deloitte & Touche's prestigious Technology Fast 50 Program ranks the 50 fastest growing technology companies in the state, based on the percentage revenue growth over five years from 2000-2004. Savantage ranked #39 and has grown 107% in that period. The company anticipates 30% growth in 2005.
"This award is a recognition that Savantage is on the right track as far as our corporate vision and strategy are concerned," said Lisa Kazor, CEO of Savantage. Kazor acknowledged that a significant portion of the fast growth has resulted from the company's new lines of business, launched in recent years, to address emerging market needs in the areas of financial consolidation and reporting, e-payroll and resource management, and IV&V and program management.
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Savantage for making the commitment to technology and delivering on the promise of market longevity," said Andrew Harrs, Deloitte and Touche Principal and Southeast Region Telecommunications, Media and Technology Practice Leader. "We are proud to honor Savantage as a Deloitte Technology Fast 50 winner."
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, be headquartered in Maryland, and must fit Deloitte's strict definition of a technology company.
As a Technology Fast 50 winner, Savantage will be profiled in a special section of the November 2005 issue of Washington SmartCEO magazine.
About Savantage Solutions
Savantage Solutions provides a wide range of consulting, integration, technology and support solutions and services to Federal agencies. One of only five vendors of financial management systems certified for federal use by the GSA's Financial Systems Integration Office (FSIO), Savantage also provides enterprise e-business solutions to government agencies. A woman-owned business headquartered in Rockville, Maryland, Savantage takes pride in its emphasis on service excellence. For more information, please contact Ayesha Rahman at 301-258-5600 or by email: arahman@savantage.net