Deloitte Names Sparta Systems, Inc. One of the 50 Fastest Growing Companies in New Jersey
Holmdel, NJ – August 20, 2007 –Sparta Systems, Inc. (Sparta), the maker of TrackWise®, and the market leader in enterprise quality and compliance management software, today announced that the company has been named to Deloitte’s prestigious Technology Fast 50 Program for New Jersey. Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations, ranks the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by percentage of revenue growth over five years from 2002-2006.
"We are pleased to be recognized by Deloitte for our efforts,” Sparta President and CEO Ran Flam said. “Sparta has invested heavily in delivering the best quality, regulatory and organizational compliance management software solutions to its clients, and will continue to strengthen our product and service offerings to expand our global footprint."
"Deloitte’s New Jersey Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Paul Mlynaski, Partner, Deloitte Tax LLP in New Jersey. “We applaud the successes of Sparta Systems, Inc. and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
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 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. For more information on Deloitte’s Technology Fast 50 program, visit, www.fast50.com.
About Deloitte
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 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.
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