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Webloyalty.com Named Connecticut's Fastest Growing Technology Company in Deloitte's Technology Fast 50 Program
NORWALK, Conn., October 7, 2005 — Webloyalty.com (http://www.webloyalty.com), a leading provider of online marketing and subscription services, has been named the fastest growing technology company in Connecticut, finishing first in Deloitte's prestigious Technology Fast 50 Program for Connecticut, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage revenue growth over five years from 2000-2004.
Webloyalty.com's CEO, Rick Fernandes, credits the company's popular Internet-based marketing services coupled with its smart marketing infrastructure with the company's 25,556 percent revenue growth from 2000-2004. He said, "This prestigious nomination validates webloyalty.com's leadership in the online marketing space, the leverage of our leading-edge marketing technology, and our dedication to bringing high-value services and benefits to our e-commerce clients and their customers in a trustworthy environment. Our strong heritage and skilled team has helped us achieve this honor, and we look forward to the next level of growth for the company."
Webloyalty.com's revenue growth is based on the new revenue streams its subscription programs create for clients. Many of webloyalty.com's large clients are generating well over $1 million per year in commissions, with programs typically generating between $0.50 and $2.00 in commissions per customer transaction.
Webloyalty.com's increase in revenues of 25,556 percent from 2000 to 2004 resulted in its #1 ranking in the Technology Fast 50 for Connecticut. The average increase in revenues among companies which made the Technology Fast 50 for this region was 36% percent.
"To rank on Deloitte's Connecticut Technology Fast 50, companies must have phenomenal revenue growth over five years," said Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50. "Webloyalty.com has proven to be one of the fast-growth success stories in Connecticut, and we applaud their dedication to making their vision reality."
To qualify for the Connecticut 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 Connecticut, and be a "technology company," defined as a company that owns proprietary technology 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 in a unique way does not qualify.
Winners of the 15 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 companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About webloyalty.com
Webloyalty.com (http://www.webloyalty.com) is one of the leading online subscription and marketing services companies providing customized programs to e-commerce, travel and other fee-based businesses. Through its range of innovative Internet products, webloyalty.com enables its clients to generate new revenues and increase repeat purchase rates while offering their clients' customers a range of subscription services in a credible and trustworthy environment. Founded in 1999, in response to the emerging needs of e-commerce companies, webloyalty.com has a client roster of over 95 companies. Since its inception, the company has been dedicated to marketing responsibly on behalf of its clients to their customers by offering a new model of customer-friendly subscription services. Today, over 1.4 million online subscribers enjoy savings and protection from webloyalty.com's services.
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.
As used in this document, "Deloitte" includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP.
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