News Release from: Conduant Corp
Edited by the Electronicstalk Editorial Team on 8 November 2005
Conduant improves its rankings in award programmes
Conduant, a developer of direct-to-disk, long duration recording and playback systems, has announced that it has improved its high rankings in two award programmes sponsored by Deloitte and Touche.
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Conduant, a developer of direct-to-disk, long duration recording and playback systems, has announced that it has improved its high rankings in two prestigious award programmes sponsored by Deloitte and Touche. Nationally, Conduant is placed 193rd in the Technology Fast 500 and in Colorado, the company is placed 7th in the Technology Fast 50. Conduant revenues grew 860% over the last five years and moved up two places from ninth position in the 2004 Fast 50 programme, which is a ranking of the 50 fastest growing technology firms in Colorado.
The company also improved its rankings by 35 places in the Fast 500 national programme by moving up from the 228th position.
'We are honoured to be recognised in the Deloitte and Touche rankings for the second consecutive year', said Ken Owens, CEO of Conduant.
'We attribute Conduant's success to being responsive to our customers' demands for higher performance in government, scientific research and defence applications'.
'Not only has our company experienced exponential growth, but our latest generation of technology, Amazon, has doubled the performance of our recording and playback systems to more than 400Mbyte per second'.
'Customers are responding to our direct-to-disk technology by replacing their tape systems with our StreamStor family of products because they need our ultra-fast speeds and reliability'.
'Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology section', said Mark A.
Evans, National Managing Partner of Deloitte's Technology, Media and Telecommunications Group'.
''We congratulate Conduant on repeating its position as one of the 500 fastest growing technology companies in North America'.
How companies are ranked: The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to Deloitte, and public company database research.
Rankings are based on five-year growth in revenue.
To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least US$50,000 and C$75,000 for United States and Canada respectively; and 2004 operating revenues must be at least US$1 million or C$1 million.
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