Altiris, Inc. (Nasdaq: ATRS), a pioneer of IT lifecycle management solutions that reduce the total cost of owning IT resources, today announced that it ranked as the fastest growing systems management company, number 91 overall, on the 2004 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 1999-2003. Altiris revenue grew 2,684 percent during this period.
In related news, Altiris was recently recognized as the fastest growing software company on the MountainWest Venture Group ‘Utah 100’ list of the state's fastest-growing companies based on revenue growth. Altiris is ranked as the tenth fastest growing company overall.
Greg Butterfield, Altiris president and CEO, credits Altiris’ growth during the past five years to the delivery of comprehensive IT lifecycle software solutions that help customers save time and money on IT management.
Butterfield said, “We provide a full range of IT management solutions that leverage our customers’ existing technology investments and help drive down the cost of owning IT assets. Our scalable business model is built on customer-driven solutions, exceptional partner relationships and superior execution, each of which contributed to the growth of Altiris during the past five years.”
Altiris previously ranked 110 on the 2003 Deloitte Technology Fast 500. Overall, companies that ranked on the 2004 Technology Fast 500 had growth rates ranging from 329 to 437,115 percent over five years, with an average growth rate of 4,109 percent.
“Achieving sustained revenue growth of 2,684 percent over five years is a tremendous accomplishment during a difficult period for the technology sector,” said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “Altiris’ phenomenal growth puts it in select company.”
Fast 500 selection and qualifications
The Fast 500 list is compiled from Deloitte’s 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.
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 Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), 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 names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
About MountainWest Venture Group
MountainWest Venture Group, "Utah’s Deal Network," is a non-profit organization dedicated to fostering deal flow, capital development and business growth in Utah. Since 1983, the group has brought together entrepreneurs, investors, and professional service providers interested in the establishment, funding and operation of successful business ventures. MountainWest Venture Group is the sponsor of the annual Utah 100 Awards, the Entrepreneur of the Year Award and the annual Utah Deal Flow Report.
About Altiris
Altiris, Inc. is a pioneer of IT lifecycle management software that allows IT organizations to easily manage desktops, notebooks, thin clients, handhelds, industry-standard servers, and heterogeneous software including Windows, Linux and UNIX. Altiris automates and simplifies IT projects throughout the life of an asset to reduce the cost and complexity of management. Altiris® client and mobile, server, and asset management solutions natively integrate via a common Web-based console and repository. For more information, visit www.altiris.com
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Altiris is a registered trademark of Altiris, Inc. in the U.S. and in other countries. The other company names or products mentioned are or may be trademarks of their respective owners. |