CrunchTime! Information Systems Ranked Among Fastest Growing Technology Companies in North America on the 2003 Deloitte Technology Fast 500
October 14, 2003
CrunchTime! Attributes its Triple-Digit Percent Revenue Growth to a Top Notch Team that Relentlessly Delivers a Quality Solution to the Marketplace.
CrunchTime! Information Systems, Inc. today announced that it was named to the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1998-2002. CrunchTime! achieved a triple-digit percentage revenue growth rate during this period.
CrunchTime!'s CEO, Bill Bellissimo, credits the company's employees and their intense commitment to delivering a quality product to the marketplace with the company's fast growth over the past five years. He said, "By listening intently to our customers and acting upon their feedback we are able to create great value for the foodservice and hospitality industries through technology. We have always dedicated significant resources to product development and customer support and will continue this strategy in order to meet the evolving requirements of foodservice companies around the world."
"Attracting enough customers to maintain triple digit growth over five years makes a strong statement about the quality of a company's product and its leadership," said Mark Evan, national managing partner of Deloitte's Technology, Media & telecommunications Group. "Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector. CrunchTime! has proven that is leadership has the vision and determination to grow in difficult conditions. We congratulate CrunchTime! on becoming one of the 500 fastest growing technology companies in North America."
In addition to ranking on the Deloitte Technology Fast 500 for North America, CrunchTime! was named to the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New England.
Overall, companies that ranked on the 2003 Technology Fast 500 had growth rates ranging from 469 to 296,080 percent over five years, with an average growth rate of 5,493 percent.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in North America and must 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.
About CrunchTime!
CrunchTime! Information Systems is the leading provider of web-based back office applications for the foodservice and hospitality industries. The CrunchTime! solution gives customers the power to manage bids and contracts, recipes, food-cost modeling, production planning, procurement, perpetual inventory and enterprise-wide reporting. Clients include multi-unit restaurants, cruise lines, hotels and food service management companies around the world. Among our customers are Carlson Restaurants, Carnival Cruise Lines, Starwood Hotels, Sodexho, Chevys Fresh Mex, Souper Salad, Royal Caribbean Cruise Lines, US Army, Princess Cruises and Whitsons Foodservice. CrunchTime! solutions are helping these companies reduce food costs, drive labor efficiencies and better manage the quality and consistency of their food and beverage operations. For more information, visit the company’s web site at www.crunchtime.com, email info@crunchtime.com or call 1-888-626-2432 x237.
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, 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 name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us.
Deloitte Technology, Media & Telecommunications (TMT) Group
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