Pumatech Attributes Its 2,231 Percent Revenue Growth To Its Broad Range Of Innovative Synchronization Solutions
SAN JOSE, Calif. (2/12/00) - Pumatech, Inc. (NASDAQ: PUMA), the leading provider of software infrastructure for the mobile Internet, today announced that it ranked number 185 on the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on five-year percentage revenue growth from 1995-1999. Pumatech grew 2,231 percent during this period.
Pumatech President and CEO Brad Rowe credits the company's pioneering vision and its innovative Intellisync® synchronization products for its 2,231 percent revenue growth over the past five years. Rowe said, "Throughout its history, Pumatech has been committed to delivering the innovative solutions needed to shape the mobile computing industry. The strength of our wireless Internet strategy and technology products has helped to expand our customer base to include such high-profile companies as eBay, CNET and Yahoo. Our inclusion in Deloitte and Touche's 'Fast 500' ranking reflects the success we have experienced to date through our evolution in the wireless Internet space."
"Pumatech has joined the elite listing of companies on the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology firms in North America," said Mark A. Evans, managing director of Deloitte & Touche's Technology & Communications Group. "We applaud their vision and fortitude in creating a company strategy that enabled them to achieve a five-year growth rate of 2,231 percent."
In addition to ranking on the Deloitte & Touche Technology Fast 500, Pumatech ranked No. 29 on the Silicon Valley Fast 50, which is a ranking of the 50 fastest-growing technology firms in the Silicon Valley.
Overall, companies that ranked on the Technology Fast 500 had five-year growth rates ranging from 71,257 to 593 percent, with an average growth rate of 3956 percent. The majority of Fast 500 winners, or 46 percent, are in the software industry. Seventeen percent are in the Internet industry, and nine percent are in the biotechnology industry. The remaining companies are in medical, technical and scientific manufacturing at nine percent, communications at nine percent, computers and peripherals at five percent and semiconductors, components and electronics at two percent, with the remaining three percent in other types of technology.
FAST 500 SELECTION AND QUALIFICATIONS
In its selection of the Fast 500 for Year 2000, Deloitte & Touche's team reviewed financial records for more than 5,000 public and privately held technology companies. To qualify, companies must: (1) have had 1995 revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; (2) be headquartered in the United States or Canada; and (3) be a "technology company." "Technology company" is defined as one that develops proprietary technology that contributes to a significant portion of the company's operating revenues, manufactures a technology product, or devotes a high percentage of effort to the research and development of technology.
Technology Fast 500 Winners are invited to an exclusive CEO Summit that will be held from May 30-June 1, 2001 at the Four Seasons Resort Aviara, Carlsbad, California. The CEO Summit, now in its third year, is designed to address the unique business challenges facing these super-charged technology companies.
ABOUT DELOITTE & TOUCHE
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to exceeding the expectations of its clients and its people. Known as an employer of choice for its 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 three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 90,000 people in over 130 countries. For more information on Deloitte & Touche, visit www.us.deloitte.com. For more information on the Deloitte & Touche Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.
ABOUT PUMATECH
Pumatech (Nasdaq: PUMA), formerly known as Puma Technology, Inc., is the leading provider of software infrastructure for the mobile world. The company, which has long been the leader in synchronization with its Intellisync technology, is in the process of rolling out recently acquired, leading-edge personalization, notification and Web-browsing services integrated with synchronization. Pumatech now offers a comprehensive application suite, the Mobile Application Platform (MAP), for the delivery of highly personalized content to any mobile device. It is the only integrated solution that fully supports all mobile devices and standards, including WAP phones, SMS-enabled phones, Palm OS handhelds, Pocket PCs, Web sites, and desktop applications, such as Outlook. Companies using Pumatech products can create powerful mobile solutions that give customers and employees anytime, anywhere access to relevant information. Pumatech's mobile solutions are used by a wide range of leading companies, mobile device manufacturers, telecommunications carriers, software companies, and individuals. Headquartered in San Jose, CA, Pumatech offers more information on its products and services at www.pumatech.com.
###
Pumatech, the Pumatech logo, and Intellisync are trademarks of Pumatech, Inc., that may be registered in some jurisdictions. Palm OS is a trademark of Palm, Inc. All other product or company names are trademarks of their respective owners.