September 23, 2003
- Watertown, MA
BuyerZone.com, the leading online marketplace for small and mid-sized business purchasing, announced today that it has been named to Deloitte & Touche's "Technology Fast 50" program for New England for the second consecutive year. The New England Technology Fast 50 program, sponsored by Deloitte & Touche, recognizes the fastest growing technology companies headquartered in Massachusetts, Maine, New Hampshire, Rhode Island, and Vermont. Technology Fast 50 rankings are based on the percentage growth in fiscal year revenues over five years, from 1998-2002. Winners are selected as a result of public and private company research and nominations. BuyerZone.com, one of 15 repeat winners on the list, was selected as #21 from hundreds of both public and private companies in the New England area.
"The Deloitte & Touche New England Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Stephen J. DiPietro, co-chair of the 2002 New England Technology Fast 50 and a partner in Deloitte & Touche's Technology, Media and Telecommunications practice. "To rank on the Deloitte & Touche Technology Fast 50," DiPietro continued, "companies must have phenomenal revenue growth over five years. BuyerZone.com has proven to be one of the fast-growth success stories in New England, and we applaud their success and vision."
"We are honored to be recognized as one of the fastest growing technology companies in New England for the second year in a row," stated Sam Zales, President and CEO of BuyerZone.com. "Our continued growth is a testament to BuyerZone.com's ability to help businesses save time and money by streamlining the purchasing process for both buyers and suppliers. BuyerZone.com has been helping businesses grow since 1992, and our tools and services have been an especially useful resource for businesses all over the U.S. in these tough economic times."
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 North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues, and/or devoting a significant proportion of revenues to research and development of technology.
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