LONGMONT, Colorado, October 19, 2005 –Conduant Corporation (www.conduant.com), the leading developer of direct-to-disk, long duration recording and playback systems, announced today that it has improved its high rankings in two prestigious award programs sponsored by Deloitte & Touche. Nationally, Conduant placed 193rd in the Technology Fast 500 and in Colorado, the company placed 7th in the Technology Fast 50.
Conduant revenues grew 860 percent over the last five years and moved up two points from 9th position in the 2004 Fast 50 program, which is a ranking of the 50 fastest growing technology firms in Colorado. The company also improved its rankings by 35 places in the Fast 500 national program by moving up from the 228th position.
"We are honored to be recognized in the Deloitte & Touche rankings for the second consecutive year,” said Ken Owens, CEO of Conduant. "We attribute Conduant"s success to being responsive to our customers demands for higher performance in government, scientific research and defense applications. Not only has our company experienced exponential growth, but our latest generation of technology, Amazon, has doubled the performance of our recording and playback systems to more than 400 megabytes per second. Customers are responding to our direct-to-disk technology by replacing their tape systems with our StreamStor® family of products because they need our ultra-fast speeds and reliability.”
"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology section,” said Mark A. Evans, national managing partner of Deloitte"s Technology, Media & Telecommunications Group. "We congratulate Conduant on repeating its position as one of the 500 fastest growing technology companies in North America.”
How companies are ranked
Deloitte Technology Fast 500 and Fast 50
The Fast 500 list is compiled from Deloitte"s 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Rankings are based on five-year growth in revenue. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2004 operating revenues must be at least $1 million USD or CD.
About Conduant
Conduant Corporation (http://www.conduant.com), founded in 1996, develops the StreamStor™/Big River families of PCI and CompactPCI disk controllers for high-speed recording and playback of digital data. Solutions are available in Windows, Linux and VxWorks environments and are used in scientific research, military, aerospace and instrumentation applications. Conduant’s products are guaranteed and will sustain data rates up to and beyond 400 MBytes/second. In 2004, Conduant ranked 172nd in Inc. Magazine’s Inc. 500. It ranked 9th in the Deloitte and Touche Fast 50 in Colorado and 228th in Deloitte’s Technology Fast 500, a ranking of the fastest growing technology companies in North America. Conduant is a privately held company located in Longmont, Colorado.
###
For more details on Conduant’s IQ Award, please visit: http://www.conduant.com/news/default.html Conduant Wins Business Report IQ Award for Computer Products and Services
For Information Contact:
Randy Burgess
Conduant Corp.
Tel: (303) 485-2721, x116
randy@conduant.com
Yvonne Lynott
Lynott & Associates
Tel: 303.460.8080
ylynott@lynottpr.com