Merced Systems Featured in the Exclusive List of America’s Fastest Growing Companies in North America — Deloitte’s 2009 Technology Fast 500™
Merced Systems Attributes its 500 Percent Revenue Growth to market leading Sales and Service Performance Management solutions and customer satisfactionRedwood Shores, CA, October 20th, 2009— Merced Systems, the leading provider of Sales and Service Performance Management Software, today announced that it ranked number 263 on Technology Fast 500™, Deloitte’s exclusive ranking of 500 of the fastest growing technology companies in North America.
Deloitte’s Technology Fast 500 recognizes the achievements, growth and contributions of fastest-growing technology companies in North America and around the world. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Merced Systems grew 500 percent during this period.
Merced System’s CEO, Matt Glickman, credits continual innovation in sales and service performance management and dedication to making its customers more successful, with the company's threefold increase in revenue growth from fiscal year 2005-2008. "We are honored to have made the Deloitte Technology Fast 500 over the past three years. We have expanded our product portfolio to deliver end-to-end sales and service performance management solutions that focus intently on serving our customers' needs "said Glickman.
“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Merced Systems on this accomplishment."
Merced Systems was previously featured in Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) Companies in 2008 and named a Rising Star in Deloitte & Touche Technology Fast 50 program for Silicon Valley in 2007.
Superior Sales and Service Performance Management
Merced Systems' sales and service performance management solutions enable contact centers, field sales, retail channels, partner operations, field service and back office functions, to maximize revenue, increase customer satisfaction and optimize service operations. Merced Systems' core products, Merced Performance Suite and Merced Incentive Compensation Management, offer front line visibility into performance, align individual goals with operational strategy, automate incentive compensation management, facilitate quick roll out of changes to incentive programs and drive key improvement campaigns such as employee coaching.
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.
About Technology Fast 500™
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008. Deloitte’s 2009 Technology Fast 500TM Media Guidance 4 In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Deloitte
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.
For More Information Contact:
Anna Belak
650.486.4040
Merced Systems, Inc.
anna.belak@mercedsystems.com
Leigh Anne Varney
Varney Business Communication
415.387.7250
la@varneybusiness.com
