OTG Software Named Maryland's 25th Fastest Growing Technology Company in Deloitte & Touche 'Fast 50' Program
Software Developer of Online Storage, Data Access and Email Management Recognized for Exceptional Revenue Growth by Deloitte & Touche:
BETHESDA, Md., Nov 1, 2000 /PRNewswire via COMTEX/ -- OTG Software (Nasdaq: OTGS chart, msgs) announced today that it has been named the 25th fastest growing company in Deloitte & Touche's prestigious "Fast 50" Program for Maryland. This ranking of the 50 fastest growing technology companies in Maryland is based on the percentage of growth in revenues from 1995-1999. OTG was recognized for its 410 percent increase in revenue over the five-year period.
"In today's fast-paced world of technology, where multi-million dollar technology companies seem to appear overnight, it's an honor to be named one of the fastest growing technology companies," said Gary H. Tabach, Partner in Charge, Tech.Comm Practice at Deloitte & Touche. "We commend OTG Software for making the commitment to technology and delivering on the promise of market longevity."
"We are proud to be recognized as Maryland's 25th fastest growing company," said Richard Kay, OTG's president and CEO. "This award is a testament to the tremendous success of our employees, our management team and our corporate and product strategy. We continue to change the way data and email are stored, accessed and utilized as a strategic business tool."
To qualify for the Fast 50, companies must have operating revenues of at least $50,000 in 1995 and $1,000,000 in 1999, must be a public or private company headquartered in Maryland that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology. Winners of the 21 regional Fast 50 programs in the U.S. are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit fast500.com .
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 90,000 people in over 130 countries. Deloitte & Touche refers to Deloitte & Touche LLP, Deloitte Consulting LLC, and related entities. For additional information, please visit Deloitte & Touche's web site at us.deloitte.com .
About OTG Software
Headquartered in Bethesda, Maryland, OTG Software is a provider of online storage management and access solutions, including a dynamic email management solution. OTG's software enables enterprises to store, track and retrieve data over a variety of network architectures, including the Web and storage area networks. Through its application-centric product suite, OTG offers a business, Web and e-commerce solution that provides robust functionality across many industries. OTG empowers storage by combining storage with access and email management. OTG's products support over 600 storage devices, are easy to install and use, and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. OTG Software's products are used by over 7,600 organizations worldwide and are available through a network of over 300 VARs, distributors, and OEMs. For more information, visit the Company's web site at www.otg.com or call 800-324-4222.
This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, references to future growth or expansion are forward-looking, and words such as "anticipates," "believes," "could," "estimate," "expect," "intend," "may," "might," "should," "will," and "would" and other forms of these words or similar words are intended to identify forward-looking information. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position or state other forward-looking information. There may be events in the future that we are not able to predict or control accurately, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include: (i) the ability to recruit and retain qualified technical and other personnel in a highly competitive market, (ii) market acceptance of our new and future products, (iii) the growth and adoption rate of Windows NT and Windows 2000, (iv) growing competition and (v) our ability to maintain and manage our growth. For additional information regarding risk factors that could affect our future results, please refer to the discussions of "Risk Factors" in the Form 10-Q for the quarter ended September 30, 2000, filed with the SEC on October 20, 2000, and the Form S-1/A Registration Statement Amendment filed on March 9, 2000.
Source: OTG Software |
