News & Events
Webloyalty.com ranked number seven in Deloitte Technology Fast 50 Program for Connecticut
Norwalk, CT, October 19, 2007 – Webloyalty.com (www.webloyalty.com), a leading provider of online, technology-based marketing services, has been named to the number seven slot on Deloitte's prestigious Technology Fast 50 Program for Connecticut, 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. Rankings are based on the percentage revenue growth over five years from 2002 – 2006.
Webloyalty CEO and co-founder, Rick Fernandes, credits a strong technology platform and exceptional employees for the company's 860 percent revenue growth from 2002 – 2006. "We are honored to be selected for the Fast 50 list, and in the top 10, for the third year in a row. We thank our talented and committed employees for helping us to achieve this goal. With their dedication and the strong technology that our company is known for, we look forward to continued growth and success."
Webloyalty was the number one fastest growing technology company in Connecticut in 2005 and 2006, the first company in the history of the award to score top ratings for two consecutive years. This year, its more than 860 percent increase in revenues from 2002 - 2006 resulted in a number seven ranking in this year's Technology Fast 50 for Connecticut. The average increase in revenues among companies who made the Technology Fast 50 for this region was 738 percent.
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years. Webloyalty has proven to be one of the fast-growth success stories in Connecticut, and we applaud their dedication to making their vision a reality," said Kevin Buckley, Senior Relationship Manager, Deloitte & Touche LLP, Connecticut.
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 Webloyalty.com
Webloyalty.com, a leading provider of technology-based, online marketing services, has more than two million memberships in its reward, discount and protection programs, including Reservation Rewards and Shopper Discounts & Rewards. Members benefit from high value subscription services that match their needs and interests. Webloyalty clients – more than 150 e-commerce and travel sites – benefit from increased revenue and repeat purchases. Additional information about Webloyalty is available at http://www.webloyalty.com. For customer service, please contact 1-800-732-7031 or customerservice@webloyalty.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.
Press Contact:
Beth Kitchener for Webloyalty at 203-295-2624
Dick Shippee for Deloitte PR at 212-436-3347
