Merced Systems, Inc. Ranked Number 25 in Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) Companies
Attributes its tenfold increase in Revenue Growth to its market leading Sales and Service Performance Management solutions and domain expertise
Redwood Shores, CA, November 12, 2008 — Merced Systems, Inc, the leading provider of Sales and Service Performance Management Software has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies. This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services — A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003-2007.
Merced Systems' CEO, Matt Glickman credits continual innovation in sales and service performance management and dedication to making its customers more successful, with the company's tenfold increase in revenue growth from fiscal year 2003-2007. "We are honored to have been ranked 25 on Deloitte's Silicon Valley Technology Fast 50 Program. Our growth over the past 5 years has been the result of our intense focus on serving our customers' needs, and continually delivering market-leading products and solutions," said Glickman.
Merced Systems' tenfold increase in revenues from fiscal year 2003 to 2007 resulted in a number 25 ranking in the Technology Fast 50 for Silicon Valley .
"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley . "We applaud the successes of Merced Systems and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that o wns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or d evotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify .
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America 's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Merced Systems, Inc.
Merced Systems is the leading provider of sales and service performance management applications focused on improving operational effectiveness of sales forces and service organizations across a range of vertical industries. Merced Systems' award winning products serve Global 2000 customers, and include advanced analytics and reporting, incentive compensation management, coaching and other performance execution applications. With a strong track record of growth and delivering business impact to its customers, Merced Systems has been profitable for the past 5 years. Merced Systems is a privately held venture capital-based company headquartered in Redwood City, CA, with major operations in the UK . For more information on Merced Systems, please visit www.mercedsystems.com.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.