Waltham, Mass. – September 20, 2007 – OpenPages®, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced it has been named to Deloitte's prestigious Technology Fast 50 Program for New England, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area 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.
“It’s truly an honor that OpenPages has once again been identified as a Fast 50 company alongside so many prominent New England-based organizations who have emerged as leaders in their respective industries,” said OpenPages president and CEO Michael Duffy. “OpenPages’ inclusion on this year’s list signifies our persistent success in addressing the changing needs of enterprises looking to effectively address governance, risk and compliance management concerns over the past few years. As we strive to continuously develop the most innovative solutions possible to help enterprises improve business performance, I expect that OpenPages will see continued growth into 2007 and beyond.”
The Deloitte Fast 50 honor comes on the heels of a strong 2007 where OpenPages has been recognized as an industry leader through several impressive accolades. In just a few months time, OpenPages has been identified as a Red Herring 100 winner (only GRC vendor honored); honored by Boston Business Journal’s Fastest Growing Private Company in MA (ranked #2); and named the OpRisk & Compliance Product of the Year for Sarbanes-Oxley compliance software. Additionally, OpenPages’ president and CEO Michael Duffy was honored for his business leadership, as he won the Entrepreneur of the Year Award for the New England Region and was named to Treasury & Risk Magazine's Top 100 Influencers in Finance.
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.
Companies from the 16 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.
OpenPages is the leading provider of integrated risk management solutions for global companies. OpenPages' solutions empower a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what's important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with an international office in the United Kingdom, and regional offices throughout North America.
For more information on OpenPages' suite of risk and compliance solutions, please click here or call us at 781.693.5999.
