FRAMINGHAM, Mass. (August 17, 2004) - Workscape, Inc., a proven provider of benefits and workforce management solutions, has been named to Deloitte's prestigious Technology Fast 50 Program for New England, 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. Workscape's ranked placement among the 50 New England companies will be announced at a private event at the Museum of Fine Arts on September 15. Deloitte Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.
Workscape's CEO Tim Clifford credits a team of dedicated employees, product innovation and outstanding client service for the company's fast growth over the past five years. Clifford said, "This gratifying recognition from Deloitte is a significant milestone for Workscape. Over the past five years, we have been focused on building out our product line in response to market requirements. As a result, we signed many new clients while continuing to meet and exceed the demands of our current customers. As we continue to grow, we look forward to forging new client and partnership relationships with organizations that can benefit from Workscape's unique technologies and services."
"The Deloitte New England Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Stephen DiPietro, Deloitte partner responsible for the New England Technology Fast 50 Program. "We applaud the successes of Workscape and acknowledge their place 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 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
The New England Technology Fast 50 Program is co-sponsored by Wilmer Cutler Pickering Hale and Dorr, and is supported by Mazonson, the American Stock Exchange and Mass High Tech.
Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com.
About Workscape
Designed for the workforce, Workscape's solutions transform the delivery and adoption of HR services across the enterprise to enable a higher-performing organization. An innovator in HR self-service, Workscape provides a full range of online benefits and workforce management applications including employee self-service, manager self-service, compensation planning, performance management and outsourced benefits administration, as well as an employee portal. Workscape's applications and services are configurable to support each client's unique business processes, easily integrated into multi-vendor environments to ensure protection of existing technology investments, and are available in multiple deployment options to enable rapid implementation and ROI. Workscape's award-winning solutions have been embraced by millions of employees worldwide at more than 180 major corporations. For more information, visit the company website at www.workscape.com or call (888) 605-9620.
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. "Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the U.S. member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte's web site at deloitte.com/us.
Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice. We are focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, our member firms, including their affiliates, deliver services in four professional areas: audit, tax, financial advisory services and consulting. Our member firms serve more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies.
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