Digitalfuel.com, November 3, 2008
Digital Fuel Winner of Deloitte’s 2008 Technology Fast 50 Award
| Digital Fuel Grows 520% by Enabling Better Services and Cutting IT Costs for its Customers – Earns Honors In Deloitte's Technology Fast 50 Program
SAN MATEO, CA, USA — November 3, 2008 — Digital Fuel®, the leader in IT Service Management (ITSM), has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and IT companies. This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services — A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003—2007.
"The growing value and universal importance of comprehensive IT and business service management is reflected by our significant revenue growth from 2003—2007," said Yisrael Dancziger, President and CEO, Digital Fuel. "Particularly in today's increasingly turbulent economic climate, our software's proven ability to help organizations reduce IT costs while improving service quality have been key to our growth. Recognition from Deloitte in the form of this Technology Fast 50 Award is great validation of how our unique approach to service management is resonating with and providing value to businesses around the world."
Digital Fuel received Deloitte's 2008 Technology Fast 50 Award by increasing revenue 520% from fiscal year 2003 to 2007, placing Digital Fuel among the fastest growing companies in this year's Technology Fast 50 award program.
"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "We applaud the successes of Digital Fuel 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 fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary 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.
About Digital Fuel
Digital Fuel Technologies, Inc., is the leading provider of Service Catalog, Service Level Management (SLM) and Service Financial Management software solutions for IT, Communications, HR, F&A in enterprises and commercial service providers. The company's ServiceFlow business software applications manage billions in Telco, IT and other business services at companies and governments around the world such as British Telecom, Cisco, Computacenter, CSC, Cummins, Dell, General Electric, IBM, Nationwide, Nestle, O2, Procter & Gamble, Siemens, SITA, Sprint, Steria, Telefonica, Telus, WiPro and many others. Digital Fuel is headquartered in San Mateo, California, USA, with offices across North America and Europe. Learn more at www.DigitalFuel.com.
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.