Bel Air, Calif. - September 10th, 2002- InfoStreet, Inc. (www.infostreet.com), based in Tarzana, California, has been named one of the Deloitte & Touche Technology Fast 50 for the Los Angeles region.
To qualify for the Fast 50, companies must have operating revenues of at least $50,000 in 1997 and $1,000,000 in 2001, must be in business for at least 5 years and be headquartered within Los Angeles, Riverside, Santa Barbara, San Bernardino and Ventura counties.
"In today's economy, triple digit percentage revenue growth is an exceptional accomplishment. We commend InfoStreet for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor InfoStreet as a Deloitte and Touche Fast 50 winner." Said Gary Dickey, Partner, Technology, Media & Telecommunications Group, Los Angeles office of Deloitte & Touche.
InfoStreet's increase in revenue of 328 percent from 1997 to 2001 resulted in an impressive 19th ranking overall in the Fast 50 for the Los Angeles Area.
Siamak Farah, Founder and CEO of InfoStreet said: "In an era where technology companies come and go, being in the top 20 of the prestigious Deloitte & Touche Fast 50, is an amazing feat; an accomplishment that can only be attributed to our team's incredible vision and unrelenting commitment."
Strong and profitable, InfoStreet Inc. is widely recognized as a leading Internet solutions provider dedicated to developing and operating Web-Based GroupWare, software that facilitates group interaction. InfoStreet's flagship product StreetSmart 5 is currently in use by tens of thousands of users and several Fortune 100 companies as their complete Intranet, Extranet or Community solution.
StreetSmart 5, complete with functions such as Virus Protected Mail, Calendar, Work Flow, Knowledge Base, Portal, Access Control and more, is highly customizable and integratable, enabling it to seamlessly blend with (or become) any organization's IT and GroupWare infrastructure, regardless of its size or industry.
InfoStreet was also named as one of United States' 500 fastest growing private companies in 2001, by Inc. Magazine. In addition, the San Fernando Valley Business Journal ranked InfoStreet as the 8th fastest growing private company in San Fernando Valley.
About Deloitte & Touche
Deloitte & Touche, 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 our clients and our 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, please visit Deloitte & Touche's web site at www.deloitte.com/us. For more information on the Technology Fast 50, please visit www.fast50.com.
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