MINNEAPOLIS--(BUSINESS WIRE)--Aug. 28, 2003--
Company Named for 5th Consecutive Year in the Deloitte & Touche Minnesota Technology Fast 50 Program
New Boundary Technologies, Inc. (formerly Lanovation) has been named to Deloitte & Touche's prestigious Fast 50 Program for Minnesota. The program is a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in revenues over five years, and will be officially released September 19, 2003. This year marks New Boundary Technologies' 5th consecutive year on the Fast 50 list.
"With our consistent emphasis on industry leading customer support and exceptional product quality, we are building an extremely loyal and growing customer base. We have a work environment that retains and attracts top talent that helps fuel our growth and spawn product innovation," said Kim Pearson, CEO of New Boundary Technologies. "Our products help corporations increase profitability and improve productivity. This is important in the current business climate."
"To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche technology Fast 50 winners have done," said Ron Hafer, Deloitte & Touche partner. "We applaud New Boundary Technologies for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 50 companies in Minnesota."
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1 million in 2002; must be public or private companies headquartered in Minnesota; and must be "technology companies" 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 19 regional Fast 50 programs in the U.S. are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com.
New Boundary Technologies, founded in 1985, is dedicated to creating innovative software solutions that enable organizations to quickly benefit from emerging complex technologies. By providing the highest quality software, backed by unprecedented customer support, New Boundary Technologies has won 11 industry awards for their Prism technology. The Prism technology easily installs, updates, repairs and distributes software across varied networks.
Radiem, another innovative solution from New Boundary Technologies, is a comprehensive web-based solution for real-time monitoring and control of remote assets. With Radiem, organizations can manage remote and mobile assets securely from any web browser, monitor critical information, control and directly modify asset conditions and optimize asset performance, logistics, utilization and security.
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services 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 & Touche has been recognized as one of the "100 Best Companies to Work for" in America by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the U.S national practice of Deloitte Touch 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 & Touche's website at www.deloitte.com/us.