Business/Technology Editors
BURLINGTON, Mass.--(BUSINESS WIRE)--Sept. 23, 2002
RadView Software Ltd (Nasdaq: RDVW), today announced that it has been named to Deloitte & Touche's "Technology Fast 50" program for New England. The New England Technology Fast 50 program,
RadView is a leading provider of solutions for verifying the performance, scalability and integrity of business-critical Web applications. The company credits its solid technology and focus on web applications with its 9 ranking overall in the New England Technology Fast 50 program and 69-percent revenue growth over the three-year period. With award-winning products, WebLOAD, WebFT and WebRM, RadView helps its customers maximize results and minimize risks associated with their investments in Web application development.
"In an era where technology companies come and go, making the Deloitte & Touche Technology Fast 50 is a testament to a company's vision and strength," 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. "The New England Fast 50 winners have shown exceptional growth over a five-year period and we're excited to honor their accomplishments."
"We are honored to be recognized by Deloitte & Touche and Hale and Dorr for our strong performance over the years," said Ilan Kinreich, CEO, RadView Software Ltd. "Our Number 9 ranking demonstrates that we've addressed a market need and by satisfying our customers, they continue to use our software and get value from it so they become advocates throughout their organizations, leading to additional opportunities and a loyal base to build on."
Technology Fast 50 Criteria - To qualify for the New England Technology Fast 50, companies must meet the following criteria:
-- Be a technology company, specifically defined as a company that owns proprietary technology, which contributes to a significant portion of the company's operating revenues (e.g., using other companies' technology in a unique way does not qualify) or devotes a high percentage of effort to research and development of technology.
-- Be in business a minimum of five years with 1997 revenues of at least $50,000 and 2001 revenues of at least $1,000,000.
-- Be a public or private company headquartered in the following New England states: MA, ME, NH, RI or VT. Subsidiaries and divisions are not eligible unless they have some public ownership and are separately traded.
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 Fast 50 or Fast 500 programs, www.fast500.com.
About RadView Software Ltd.
RadView(TM) Software Ltd. (Nasdaq: RDVW) develops Internet infrastructure solutions to facilitate and accelerate the successful implementation of high-performance, business-critical Web applications. With its award-winning products, RadView provides the Web application testing and analysis software of choice to some of the most demanding customers from major industries such as financial services, Internet technology and content, retail, manufacturing, telecommunication, health care, and education. Corporate offices are located in Burlington, MA. For more information visit www.radview.com or call 1-888-RADVIEW.
Statements concerning RadView's business outlook or future performance; anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to: our limited operating history and history of losses; market acceptance of our products; ability to develop new products and enhance existing products; impact of significant competition; and other factors detailed in RadView's filings with the Securities and Exchange Commission. RadView assumes no obligation to update the information in this release. RadView, WebLOAD, WebRM, and WebFT are trademarks of RadView Software Ltd. Other names may be trademarks of their respective owners.