REDMOND, Wash., October 05, 2005 - Concur Technologies, Inc. (NASDAQ: CNQR), the world's leading provider of business services that automate Corporate Expense Management, has been named to Deloitte & Touche's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 2000-2004.
"Being named to Deloitte's Technology Fast 50 for a fifth consecutive year is a credit to Concur's continued commitment to our customers," said Steve Singh, chairman and chief executive officer for Concur. "Demand for our Corporate Expense Management services are at an all-time high and the adoption of the software-as-a-service delivery model continues to escalate. These factors, coupled with our dedication to helping customers achieve a maximum return on their T&E automation investment, has well-positioned the company to capture an even greater share of the growing market."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Washington, 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.
"Sustaining high revenue growth through five years is an exceptional accomplishment. We commend Concur Technologies for making the commitment to technology and delivering on the promise of market longevity," said Larry Hile, a partner in Deloitte's Seattle office. "We are proud to honor Concur Technologies as a Deloitte Technology Fast 50 winner."
Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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