Lanovation Named One of MinnesotaÂ’s Fastest-Growing Technology Companies in the Deloitte & Touche 2001 Minnesota Technology Fast 50 Program
MINNEAPOLIS--(BUSINESS WIRE)--Aug. 20, 2002--LanovationÂ®, maker of best-of-breed software deployment solutions, has been named to Deloitte & ToucheÂ’s prestigious Fast 50 program, which is a ranking of the 50 fastest growing technology companies in Minnesota. Rankings are based on the percentage of growth in revenues from 1997 to 2001 and will be officially released September 20, 2002. This marks the fourth year in a row in which Lanovation has received the prestigious listing.
Lanovation CEO Kim Pearson credits high quality software, the best customer support, and an environment that stimulates ideas and employee satisfaction with the companyÂ’s revenue growth over the past five years. Â“Our company mission is to develop software that makes complex technology simple,Â” stated Pearson. Â“Our values are demonstrated in the service and support that our customers receive and the technology that we continue to provide that helps their organizations run more efficiently.Â”
Â“In todayÂ’s economy, double-digit percentage growth is an exceptional accomplishment,Â” said Ron Hafner, Deloitte & Touche partner. Â“We commend Lanovation for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Lanovation as a Deloitte & Touche Technology Fast 50 winner.Â”
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1997 and $1 million in 2001; must be public or private companies headquartered in Minnesota; and must be Â“technology companiesÂ” defined as companies that own proprietary technology, manufacture a technology product, or devote a high percentage of effort to the research and development of technology.
Winners of the 23 regional Fast 50 programs in the U.S. are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nationÂ’s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com.
Founded in 1985, Lanovation technology has won eleven national industry awards. Lanovation identifies practical opportunities in leading edge technology and brings them to reality. The companyÂ’s Prism DeployÂ® software deployment utility is recognized for its ease-of-use, speed, reliability and accuracy while its RadiemÂ® web-based technology provides low cost, real time monitoring and control of remote equipment. Located in Minneapolis, Minn., Lanovation products are sold worldwide direct or through key distribution partnerships. For more information, please visit our web site at www.lanovation.com or call (800) 747-4487.
Deloitte & Touche, one of the nationÂ’s leading professional services firms, provides assurance and advisory, tax and management consulting services through nearly 30,000 people in more than 100 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 & Touche has been recognized as one of the Â“100 Best Companies to Work ForÂ” in America by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & ToucheÂ’s web site at http://www.deloitte.com/us.
CONTACT: Lanovation, Minneapolis
Mary Jo Gentry, 612/379-3805, ext. 101 firstname.lastname@example.org