QuoteMedia, Inc. Ranked Amongst Fastest Growing Companies in North America on Deloitte’s 2009 Technology Fast 500TM
October 20 2009 - 12:34PM
Business Wire
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market
data, corporate research information and financial applications,
announced today that it ranked 219th on Technology Fast 500™,
Deloitte LLP’s ranking of 500 of the fastest growing technology,
media, telecommunications, life sciences and clean technology
companies in North America. Rankings are based on percentage of
fiscal year revenue growth during the five year period from
2004–2008. QuoteMedia grew 620 percent during this
period.
Robert J. Thompson, Chairman of the Board, credits supremely
talented employees and a dedication to product leadership which has
resulted in a comprehensive suite of outstanding technical products
that are offered at very competitive prices for the company’s
amazing 5 year revenue growth rate. "We have attracted a technical
and support team that is intensely focused on producing ‘best of
breed’ product quality and customer centric service and support,”
said Thompson. We need to be the best to compete in the markets we
have chosen and our growth rate is a testament to increasing
customer acceptance of our products and services. All of our
success is a result of the efforts of our dedicated staff and, on
behalf of the Board, I want to thank them for making possible this
acknowledgement by Deloitte."
“Technology Fast 500™ recognizes innovative companies that have
broken down barriers to success and defied the odds with their
remarkable five-year revenue growth,” said Phil Asmundson, Vice
Chairman and U.S. Technology, Media and Telecommunications leader,
Deloitte LLP. "We congratulate QuoteMedia, Inc. on this
accomplishment."
Technology Fast 500™ Selection and Qualifying
Criteria
Technology Fast 500™ provides a ranking of the fastest growing
technology, media, telecommunications, life sciences and clean
technology companies in North America. This ranking is compiled
from nominations submitted directly to the Technology Fast 500™
website, and public company database research conducted by
Deloitte. Technology Fast500™ award winners for 2009 are selected
based on percentage fiscal year revenue growth during the five year
period from 2004 to 2008. In order to be eligible for Technology
Fast 500™ recognition, companies must own proprietary intellectual
property or proprietary technology that contributes to a
significant portion of the company's operating revenues. Using
other companies' technology or intellectual property in a unique
way does not satisfy this requirement.
Technology Fast 500™ award eligibility requirements also include
base-year operating revenues of at least $50,000 USD or CD, and
current-year operating revenues of at least $5 million USD or CD.
These revenues must have more than doubled between 2004 and 2008.
Additionally, companies must be in business for a minimum of five
years, and be headquartered within North America.
About QuoteMedia,
Inc.
QuoteMedia is a leading software developer and syndicator of
financial market information and streaming financial data solutions
to media, corporations, online brokerages and financial services
companies. The Company licenses interactive stock research tools
such as streaming real-time quotes, market research, news,
charting, option chains, SEC filings, corporate financials, insider
reports, market indices, portfolio management systems, and data
feeds. QuoteMedia provides data and services for companies such as
the NASDAQ, the OTCBB, Dow Jones & Company, Sungard, Wells
Fargo, Penson Worldwide, Motorola, General Electric, Forbes.com,
Scotia Capital, Southwest Securities, Zecco Trading, Zacks
Investment Research, Business Wire, Regal Securities, Broadridge
Financial Systems, ChoiceTrade, Qtrade Financial Group, CNW Group,
TradeFreedom, Questrade, Schaeffer's Investment Research and
others. For more information, please visit: www.quotemedia.com
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please
see www.deloitte.com/about for a detailed description of the legal
structure of Deloitte LLP and its subsidiaries.
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