WealthEngine.com Named One of Maryland’s Fastest Growing Technology Companies in Deloitte’s Technology Fast 50 Program
Attributes Innovation and Booming Market for its 302 Percent Revenue Growth
FOR IMMEDIATE RELEASE Contact: Kimberly Mullins
Tel: (240) 722-4383
Email: kmullins@wealthengine.com
(Bethesda, MD, October 2, 2007) —WealthEngine.com has been named, for the second year in a row, to Deloitte's prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002–2006.
WealthEngine.com's CEO Tony Glowacki credits technical innovation and customized pricing for the booming nonprofit market with the company's 302 percent revenue growth from 2002–2006. Glowacki said, “Our primary goal has always been to push the envelope to create research tools that are flexible and powerful enough to serve nonprofits of all sizes and missions. Our products are tailored such that small nonprofits can now afford the same type of data mining that previously only large nonprofits—universities, museums, and hospitals—could afford. The result is that by using our products, nonprofits can maximize their fundraising efforts and put those precious dollars to use in a way that we can all feel good about.”
Glowacki adds, “In seven short years we have become the largest company in our industry and we have done it the old fashioned way. We have had no venture financing, very little traditional financing, and have been profitable for 5 years. We have basically built the business on revenues from the sale of our services and a strong focus on the value we deliver to our clients.”
WealthEngine.com's increase in revenues of 302 percent from 2002 to 2006 resulted in a twenty-third ranking in the Technology Fast 50 for Maryland. The Maryland Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ and UK Trade & Investment, in association with media sponsors PR Newswire and Washington SmartCEO Magazine.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes 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.
WealthEngine also ranked 445th in 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 WealthEngine.com
WealthEngine was the first data mining service that integrated scalable wealth, philanthropic, real-estate, and biographical data on individuals with real-time online prospect discovery. More than 1,600 nonprofits rely on WealthEngine for a full range of services including FindWealth Online research center and FindWealth Screening products for sophisticated research support. With products available in both the United States and the United Kingdom, WealthEngine is ideal for nonprofits to identify prospects and donors and financial services advisors to identify high net worth investors. For more information, email info@wealthengine.com or call (301) 215-5980.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
