Loronix Information Systems Expands Operations
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Thursday October 12, 7:05 am Eastern Time
Press Release
Loronix Information Systems, Ranked One of Colorado's Fastest Growing Technology Companies in Deloitte & Touche Fast 50, Expands Operations
DURANGO, Colo.--(BUSINESS WIRE)--Oct. 12, 2000--Loronix Information Systems, Inc.
Strong Interest for Loronix's Networked Video Solutions Continues to Fuel Its Growth
Loronix Information Systems, Inc., a wholly owned subsidiary of Comverse Technology, Inc. (Nasdaq: CMVT - news), and a world leader in networked digital video management solutions, announced today it has been recognized as the 20th ranked company in the Deloitte & Touche's prestigious ``Fast 50'' Program for Colorado, a ranking of the 50 fastest growing technology companies in the state. Loronix and the other recipients were honored at an award ceremony in Denver on October 5, when the final rankings were announced.
``To attain a listing on the Fast 50 is no easy feat, and we at Deloitte & Touche congratulate Loronix for attaining this honor,'' said Steve Berthe, Partner - Denver, CO.
To qualify for the Fast 50, companies must be public or private companies headquartered in Colorado, and be ``technology companies,'' defined as companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology. Rankings were based on revenue growth over the past five years.
Winners of the 21 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the U.S. and Canada's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
Loronix also announced the opening of a new office in the Denver-Boulder corridor to extend the operations of its international sales and marketing headquarters. The new office, located in Westminster, Colorado, will work with business partners and distribution channels to provide comprehensive sales, marketing and service support to Loronix's customer base as it expands from a national to a global scope.
Dave Tynan, Loronix's Vice President of Sales and Marketing, cites a strong interest for Loronix's technology in new markets: ``Organizations such as nationwide retailers are recognizing that our technology provides a productivity management tool that goes beyond security and are quickly adopting our products as part of their security and productivity strategies. We expect this trend to gain even more momentum in 2001. To support such demand we are launching a physical expansion program, which starts by adding resources to our sales and marketing organization to continue providing our customers the experienced and matured technology and service they expect.''
About Loronix Information Systems, Inc.
Loronix Information Systems, Inc. is a world leader in design, assembly and distribution of networked digital video management systems to industries worldwide. Loronix's technical solutions automatically capture, digitize, compress and store large amounts of video. This enables customers to manage, control and integrate digital video data throughout their enterprise in a cost-effective and easy-to-use manner. Please visit us at www.loronix.com.
About Deloitte & Touche
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For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
About Comverse Technology, Inc.
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Visit Comverse Technology's web site at comverse.com . |
