Invoice Insight News
Invoice Insight Named One of Virginia’s Fastest Growing Technology Companies in the Deloitte Technology Fast 50 Program
Number 5 Ranking Due to its 2795% Revenue Growth
MANASSAS, VA - September 28, 2006 - Invoice Insight has been named to Deloitte’s prestigious Technology Fast 50 Program. The Fast 50 Program is a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state of Virginia. The ranking is compiled by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Invoice Insight’s rank is based on the 2,795% revenue growth the company has experienced over the five years from 2001-2005.
"Deloitte’s Virginia Technology Fast 50 companies have shown strength, vision and tenacity to succeed in today’s very competitive technology environment," said Mr. Andrew Harris, Deloitte’s Southeast Regional Managing Partner for the Technology, Media and Telecommunications Industry Practice. "We applaud the successes of Invoice Insight and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
"We are very proud to be honored as a Deloitte Technology Fast 50 winner," comments Dave Spofford, co-founder and CEO of Invoice Insight. "We are grateful to our diverse, forward –thinking customers and for the hard work of our employees and partners. The increasing acceptance of our unique Software-as-a-Service business model has enabled our customers to achieve rapid results while providing the business with exceptional scalability. It’s a true win-win scenario for our customers and for us. "
The Virginia Technology Fast 50 program is presented by Deloitte and sponsored by Wilmer Cutler Pickering Hale and Dorr, NASDAQ and UK Trade & Investment, in association with media sponsors PR Newswire and Washington SmartCEO Magazine.
In order to qualify for the Technology Fast 50, a company must:
- Have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005
- Be headquartered in Northern Virginia
- Own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devote a significant proportion of revenues to the research and development of technology.
For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Invoice Insight, LLC
Headquartered in Manassas, VA, Invoice Insight is the leading provider of Telecom Expense Management solutions delivered in the Software as a Service model. Invoice Insight has developed BillPort®, a proprietary, 100% web-based application that provides customers with an unparalleled level of visibility & control over their telecommunications expenses and inventory. Invoice Insight's model allows for rapid implementation, low cost of ownership, and an agile business model more akin to a service relationship than to a traditional software deployment. Among the company’s more than 100 customers are Harley-Davidson, the Department of Defense, and KB Toys. Invoice Insight provides technology and outsourcing solutions to the mid-size and large commercial markets, as well as to government users of telecom services.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Thomatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), 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 names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.