Deloitte & Touche ``Fast 50'' Program Names Starbase 16th Fastest Growing Technology Company In The Region
1,669% Five-Year Revenue Growth Earns Starbase Top Ranking
SANTA ANA, Calif.--(BUSINESS WIRE)--Sept. 24, 2001--Starbase Corp. (Nasdaq:SBAS - news), the leading provider of end-to-end collaborative products for both the development and management of content and code for enterprise and e-business applications, today announced that it has been named to Deloitte & Touche's prestigious ``2001 Orange County/San Diego Technology Fast 50'' program, a ranking of the 50 fastest growing technology companies in the area.
The program is a regional ranking of the fastest-growing technology companies in 21 regions of the United States. Rankings are based on the percentage of growth in revenues from 1996-2000 (five-year period). Orange County/San Diego is one of these 21 technology regions.
``Today, there are more than 22,000 technology companies in the United States, many of whom are competing for the same markets here in the states and worldwide,'' stated Fred Poska, partner, Technology & Communications Group, Deloitte & Touche. ``The Fast 50 winners for Orange County/San Diego have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend Starbase for having the vision and determination to become one of the 50 fastest growing technology companies in Orange County/San Diego.''
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1 million in 2000, must be public or private companies with headquarters in the Orange County/San Diego region; 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.
Starbase's President and CEO, William R. Stow III, credits the team at Starbase and the growing product line for the company's 1,669 percent revenue growth over the past five years.
``Starbase is honored to be recognized by The Deloitte & Touche Technology Fast 50,'' stated Stow. ``This is a significant achievement and one that would not be attainable without the vision, drive, determination and teamwork of the leaders and employees here at Starbase. I applaud their dedication to excellence and commend them all for the successful execution of a winning strategy.''
Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About Starbase
Starbase is the leading provider of end-to-end collaborative products for both the development and management of integrated content and code for enterprise and e-business applications. Collaboration is the simultaneous coordination, management and communication of geographically dispersed contributors of both code and content for enterprise and e-business applications.
With more than 3,200 Starbase customers worldwide, the company's technology supports the continuous cycle of creating, linking and managing digital assets, which comprise complex e-business applications. Starbase products enable users with differing technical and functional backgrounds to collaborate on the production and management of Web sites and e-business initiatives from multiple locations.
Companies and organizations, including leading corporations such as Chase Bank, Dell Computer, Lucent Technologies, Motorola, Pepsico and Seagate Technology have selected Starbase products to manage their e-business development projects. Starbase has headquarters at 4 Hutton Centre Drive, Suite 900, Santa Ana, Calif. 92707. Tel: 714/445-4400. Fax: 714/445-4404. Visit Starbase's Web site at www.starbase.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel.
Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the ``100 Best Companies to Work For in America'' by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu.
Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, visit Deloitte & Touche's Web site at www.us.deloitte.com.
Forward-Looking Statements
When used in the preceding discussion, the words ``believes, expects, or intend to'' and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, and (vi) other risks described in Starbase Corp.'s SEC reports and filings.
Note to Editors: Starbase and its product names are trademarks of Starbase Corp. All other product and company names herein are trademarks of their respective owners.
--------------------------------------------------------------------------------
Contact:
Starbase Corp., Santa Ana
Martha Ray, (Public Relations), 714/445-4531
mray@starbase.com
or
Ann Jones, (Investor Relations), 714/445-4440
ajones@starbase.com |
