GeoLearning, Deloitte’s 2007 Technology Fast 500

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<strong>West Des Moines, Iowa &mdash; Oct. 31</strong><br />GeoLearning Inc., the leading provider of managed learning services and on-demand performance and learning technology, announced it ranked Number 392 on Deloitte&#39;s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002 to 2006. GeoLearning revenues grew 358 percent during this period.<br /><br />Deloitte&#39;s Technology Fast 500 is a revenue-based ranking of the world&#39;s largest software and services suppliers targeting medium to large enterprises. The list includes both private and public companies; 48 percent of the 2007 Technology Fast 500 companies are private and only 8 percent are located in the Midwest.<br /><br />”It is an honor for us to be recognized among the top growth companies,” said Frank Russell, president and CEO of GeoLearning. “Our ability to grow rapidly, consistently and profitably over the past several years can be attributed to a focused business strategy with a proven technology delivery model supported by a dedicated team of people.”<br /><br />”To rank on Deloitte&#39;s Technology Fast 500, companies must achieve phenomenal revenue growth over five years,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. “We applaud GeoLearning for being among the fastest growing companies in North America.”<br /><br />Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.<br /><br />The Fast 500 is compiled from Deloitte&#39;s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.<br /><br />Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company&#39;s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies&#39; technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.<br />

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