Plateau Named as One of Virginia's Fastest Growing Companies in Deloitte's Technology Fast 50 Program
Plateau's 1,582 Percent Five-Year Revenue Growth Results in the #10 Ranking for Virginia
Arlington, Va. • October 12, 2005 - Plateau Systems, a leading provider of software for developing, managing and optimizing organizational skills and talent, today announced that it has been named to Deloitte's prestigious Technology Fast 50 Program for Virginia, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP. Rankings are based on the percentage of growth in fiscal year revenues for the five-year period 2000-2004.
"Plateau's growth has resulted from our ability to develop and implement software that directly impacts workforce productivity, ultimately driving up business operations performance," said Paul Sparta, chairman and CEO of Plateau Systems. "We continue to maintain strong profitability as we expand, building value for both our customers and investors."
Plateau increased its revenues by 1,582 percent from 2000-2004, resulting in the #10 ranking in the Technology Fast 50 for Virginia.
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 North America 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.
The Virginia Technology Fast 50 program is hosted by Deloitte & Touche LLP, along with Wilmer, Cutler, Pickering, Hale and Dorr and media sponsors, PR Newswire and WTOP Radio Network.
About Plateau: Plateau is a leading provider of adaptable Web-based software for developing, managing and optimizing organizational skills and talent to increase workforce productivity and business operations performance. Plateau's software is being used by some of the world's largest, most successful enterprises, including the American Red Cross, General Electric, Internal Revenue Service, and Wendy's International. Industry analysts, including Forrester Research and Bersin & Associates, have rated Plateau a leader in functionality, technology, and customer satisfaction. The company is headquartered in Arlington, Va. For more information, please visit www.plateau.com.
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