September 26, 2003
Fairfax, VA
ActioNet Inc. announced today that it has been named to Deloitte & Touche’s prestigious “Technology Fast 50” Program for the Virginia area, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in fiscal year revenues from 1998-2002 (five-year period).
To have achieved such success the first year ActioNet, Inc., was eligible for the award is a remarkable feat, and President & CEO Ashley W. Chen attributes the company’s remarkable 4406% revenue growth from 1998 – 2002 to our ability to deliver value to the customer time and time again. Chen said, “As a small business, we go the extra mile to get the job done. Our foundation is the quality of our people and the commitment they bring to our organization and to our customers.”
Gary Tabach, Director & Partner in Charge, Technology, Media & Telecommunications, Deloitte & Touche said, “To rank on the Deloitte and Touche Technology Fast 50, companies must have phenomenal revenue growth over five years. ActioNet has proven to be one of the fast-growth success stories in Virginia, and we applaud their success and vision.”
ActioNet, Inc.’s increase in revenues of 4406% from 1998 to 2002 resulted in a 5th place ranking overall in the Virginia Technology Fast 50. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in Virginia, and be “technology companies” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues or devoting a high percentage of revenue to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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 80 U.S. cities. The firm is dedicated to helping its clients and its clients and its 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 six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US 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 and Technology Fast 500 programs, please visit www.fast50.com.
About ActioNet, Inc.
ActioNet, Inc., headquartered in Vienna, Virginia, is a CMMI-DEV Level 4 and CMMI-SVC Level 4, ISO 20000, ISO 27001, ISO 9001, HDI-certified, woman-owned IT Solutions Provider with strong qualifications and expertise in Cloud-based Solutions, Cyber Security and Agile Software Engineering. As a Mission-Focused, Client-Centric and Results Driven organization, ActioNet also follows the Project Management Institute (PMI) methodology as well as Information Technology Infrastructure Library (ITIL) standards. ActioNet has outstanding financial performance, as evidenced by our “Exceeds Customer Expectations” and the highest 5A1 Financial Rating from Dun & Bradstreet, a 92 out of 100 rating from Open Ratings, the 2014 National Capital Corporate Growth Award by the Association for Corporate Growth (ACG), and Washington Technology Top 100 2012-2019. ActioNet’s human capital leadership is recognized by being designated one of the Best Workplaces for Commuters by the Fairfax County Department of Transportation (FCDOT) 2013-2017 and Washington Post Top Workplaces 2014- 2020. For more information, please visit our web site at www.actionet.com.
Contact:
Ashley W. Chen, ActioNet, Inc., 703-204-0090 Ext. 108, achen@actionet.com.