|
Palo Alto, CA - October 19, 2005 Metreo, Inc., a leading provider of comprehensive pricing intelligence, optimization and execution solutions, has been named a Rising Star (#15) on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. The company is also the third fastest-growing Rising Star winner in Silicon Valley. A special category, the Rising Star list recognizes 25 young, fast-growth companies. This is the second year that Metreo has earned the distinction as a Rising Star on the Deloitte Technology Fast 500 Rising Star Ranking.
Metreo CEO Daphne Carmeli cites the company's focused innovation along with accelerated demand for price optimization solutions as reasons for the company's tremendous revenue growth over the past three years. Carmeli said, "We offer a complete and proven price optimization solution and our customers continue to turn to us to help them improve their margins and revenue growth."
"It's not easy for a young company to get traction in the technology marketplace, let alone sustain such phenomenal revenue growth," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "It's a credit to Metreo's leadership that they've managed to ramp up their business so quickly."
Rising Star Qualifications
A special category, the Rising Star list ranks 25 winners that have been in business less than five years, but at least three years. They are ranked based on percentage of growth in revenues over three years (2002 to 2004).
Entrants must also be public or private companies headquartered in North America, and 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 Metreo
Metreo is the leading provider of comprehensive pricing intelligence, optimization and execution solutions that demystify and add discipline to the entire pricing process, enabling manufacturers and distributors to drive more profit to the bottom line. Customers include industry leaders such as Eaton Corp., Essex Electric, Hewlett-Packard, Honeywell, Oncology Therapeutics Network and Owens Corning. The company has been growing at a rate of 300% year-over-year for the past two years and was ranked #1 in The San Francisco Business Times' annual list of the Top 100 Fastest Growing Private Companies (2004). They were also named a Rising Star on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. More information is available at http://www.metreo.com/.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, 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 US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & touché 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.
|