Omniture Attributes its Phenomenal Growth to Dedicated Employees and Customer ROI
OREM, Utah (October 14, 2003) Omniture, the leader in providing adaptable, next-generation web analytics to large, complex websites, today announced that it ranked on both the Inc. 500 and the 2003 Deloitte Technology Fast 500. a ranking of the 500 fastest growing technology companies in North America. Omniture ranked number 185 in Inc. 500 and number 289 on the Deloitte Technology Fast 500 with a 1012% revenue growth over five years. Omniture's phenomenal growth has continued throughout 2003, with the company recording its fourth consecutive record quarter closing Q3 with over $2.2 million in new sales revenue, a 135% increase year to year.
Omniture's CEO Josh James credits the company's growth to hard-working and dedicated employees delivering extraordinary returns to the company's clients. "We have found that in a difficult IT spending environment, our clients are more receptive than ever to a tool that helps them generate incremental revenue and cost savings. The value they receive is typically several times the cost of our service," said James. "Our entire team works tirelessly to ensure our customers achieve significant results. As we succeed in delivering ROI, we grow."
"The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."
"Because the Deloitte Technology Fast 500 measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in North America is an impressive achievement," said Mark Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "Omniture deserves a lot of credit for its remarkable growth."
Inc. 500 Selection and Qualifications
The Inc. 500 ranks privately held companies according to sales growth over the past five years. To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials. The Inc. 500 Special Issue appears on newsstands today and will be on display until January 2004.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues. Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology 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 in a unique way does not qualify.
About Omniture
Omniture, Inc., headquartered in Orem, Utah, is the pioneer of next-generation web analytics technology and is the most experienced provider of adaptable solutions to large, complex websites. Omniture develops and markets SiteCatalyst, which has been designed specifically for the needs of enterprise companies to monitor visitor and commerce activity, identify specific points of change, and drive business decisions that increase ROI. Cutting-edge technology has resulted in an impressive client list, which includes eBay, AOL Time Warner, Gannet, Microsoft, Maytag Corporation, Half.com, Media News Group, and VeriSign. For more information about Omniture and SiteCatalyst™, please visit our website at www.omniture.com or call 801-722-7000.
About Inc.
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 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 has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the U.S. member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the U.S. member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us.
