Recent Press Release
10-23-2007
CLEAR TECHNOLOGY NAMED ONE OF COLORADO'S FASTEST GROWING TECHNOLOGY COMPANIES IN DELOITTE'S FAST 50 PROGRAM
Clear Technology, Inc. named to Deloitte's Fast 50
DENVER, Colo.— October 23, 2007— Clear Technology, Inc., a global software provider to the insurance and financial services industries, today announced it has been named to Deloitte’s prestigious Technology Fast 50 Program for Colorado, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations.
This year’s Colorado Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP, Holme Roberts & Owen LLP, Q ADVISORS, AeA and NASDAQ.
Clear achieved a five-year growth rate of 450 percent, earning it a ranking of 12 in the state’s Fast 50 Program. Rankings are based on the percentage revenue growth over five years from 2002–2006.
Clear’s CEO, Brian Cohen attributes the company’s success to its superior software solutions combined with the talent and dedication of the Clear team. “The entire Clear staff is thrilled to be named to the Fast 50 and to be recognized for their efforts in delivering high quality software solutions to help our insurance and financial services clients to dramatically improve the way they operate. We remain committed to an aggressive growth plan and look forward to being named to the Fast 50 again next year.”
Kurt Randall, Deloitte Tax LLP, commented “Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Clear Technology for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Clear as a winner in Deloitte’s Colorado Technology Fast 50.”
Fast 50 Qualification and Selection Criteria
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
Companies from the 16 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, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Clear Technology, Inc.
Clear Technology, a global software provider to the insurance and financial services industries, offers software solutions that streamline employee tasks by automating repetitive manual activities and guiding employee decision-making. The Company’s people-driven approach to software development transcends traditional solutions, enforcing consistency from employee to employee and office to office, leading to dramatic reductions in operating costs and significant improvements in productivity.
Clear Technology is based in Denver, Colorado, with its European headquarters in London. For more information about Clear and its suite of innovative software solutions, visit http://www.clear-technology.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 & 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.
For more information, contact:
AJ Workman
Clear Technology, Inc.
(303) 583-4100
aj.workman@clear-technology.com
