SAN MATEO, Calif., November 3, 2008 – Coremetrics, the leading provider of digital marketing optimization solutions, has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Internet, Media, Entertainment and Communications companies. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.
“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment‚” said Mark Jensen, Managing Partner‚ National Venture Capital Services, Deloitte & Touche LLP‚ in Silicon Valley. “We applaud the successes of Coremetrics and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
Coremetrics' CEO Joe Davis credits the company’s focus on helping businesses measure‚ analyze and hone online marketing results, and a customer-centric business model with propelling its 468 percent revenue growth from fiscal year 2003–2007. Davis said‚ “The current economy is driving companies to scrutinize the return on investment (ROI) for their online marketing spend, and that’s just perfect for Coremetrics. We can help companies quickly figure out exactly where to invest their budgets and how well they’re doing against their rivals.”
Coremetrics’ increase in revenues of 468 percent from fiscal 2003 to 2007 resulted in a 34th ranking in the Technology Fast 50 for Silicon Valley.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, 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 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 Coremetrics
Coremetrics is the leading provider of digital marketing optimization solutions. Its solutions generate high return on online marketing investment and continue to pay daily dividends in improved marketing performance. Over 1,200 online business sites, transacting over $15 billion this year, are now using Coremetrics’ Software as a Service (SaaS) solution to optimize online marketing efforts. Coremetrics’ solutions encompass advanced online analytics and precision marketing applications, including search engine bid management, email marketing and cross sell applications to acquire customers more cost effectively, increase conversion rates, and increase lifetime customer value. The company is privately held with funding from 3i, Accel Partners, FTVentures and Highland Capital Partners, is headquartered in San Mateo, California and competes with Omniture and Webtrends. To learn more about Coremetrics, visit http://www.coremetrics.com or call 877-721-CORE.
Coremetrics has strongly supported online privacy since its inception. To learn more, visit www.coremetrics.com/privacy.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of
Deloitte LLP and its subsidiaries.
Press/Analyst Inquiries:
Michela Stribling
Coremetrics
Tel: (650) 762-1433
Email: mstribli@us.ibm.com
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