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Deloitte Technology Fast 500.
Maxil Technology Solutions Inc. Ranked Number 148 Fastest Growing Technology Company in North America on the 2005 Deloitte Technology Fast 500
Maxil attributes its 1353 % revenue growth to its commitment to technological innovation, total quality management, dedicated teamwork and value driven processes.
Oakbrook, IL – [October 25, 2005 ] — Maxil Technology Solutions Inc. today announced that it ranked Number 148 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth during the past five years, from 2000–2004. Maxil grew 1353% during this period.
Maxil Technology Solutions CEO, Kalyan Reddy, and CIO, Raj Kosaraju, attribute the huge success to the relentless efforts of its dedicated team members who have contributed to the shared vision of the company in terms of its commitment to technological innovation and growth in the new millennium. With its 1353%, revenue growth during the past five years Maxil has proven that its leadership has the vision and determination to grow in difficult times. Kosaraju said, "Being one of the 500 fastest growing technology companies in North America is an impressive accomplishment.”
Joe Taylor, Maxil CSO, said, “Our continued successful growth can be attributed to providing excellent value, superior customer service and leading edge technology. Maxil has positioned itself as the right choice to provide “best of breed” capabilities to our clients.”
"Making the Deloitte Technology Fast 500 is commendable in today's highly competitive technology industry," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "We congratulate Maxil Technology Solutions Inc. on being one of the 500 fastest growing technology companies in North America ."
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada , respectively, and 2004 operating revenues of at least $1 million USD or CD.
Entrants must be headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology 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 in a unique way does not qualify.
About Maxil
Maxil Technology Solutions, a Knowledge Process Management company, provides information technology services and solutions to Fortune 500 companies, small to medium businesses (SMB) and government organizations to help them facilitate their business processes. Maxil has extensive domain knowledge in the insurance, banking, healthcare, financial services and transportation industries. Services are focused on application development, e-Business, resource management and data management .
