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Advectis, Inc. Ranks in Deloitte’s Technology Fast 50 Program for Georgia
BlitzDocs powers significant revenue growth
Atlanta, Sept. 28, 2007 – Advectis®, Inc., provider of the most widely-used solution for electronic mortgage document collaboration, announced that the company has been named to Deloitte’s prestigious Technology Fast 50 Program for Georgia, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in Georgia by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006.
This year's Georgia Technology Fast 50 program is presented by Deloitte and sponsored by Kilpatrick Stockton LLP, NASDAQ and Technology Association of Georgia (TAG).
"Deloitte’s Georgia's Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment," said Guy Budinscak, office managing partner of Deloitte’s Atlanta/Birmingham practice. "We applaud the successes of Advectis and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
Advectis' increase in revenues of 893 percent from 2002 to 2006 resulted in an eighth ranking in the Technology Fast 50 for Georgia.
"We are honored to be recognized for our growth during the past five years," said Greg Smith, president and CEO of Advectis. "This growth is a result of the wide adoption of the BlitzDocs collaborative document network where participants in the mortgage loan industry capture, submit, organize, underwrite, audit, share and deliver loan documents electronically."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Georgia, 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 16 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 Advectis, Inc.
Advectis, Inc. provides the mortgage industry’s most widely-used solution for electronic document collaboration. The Web-based BlitzDocs Collaboration Suite provides access to the BlitzDocs collaborative electronic document network where participants capture, submit, underwrite, audit, share, deliver and archive loan documents. BlitzDocs customers benefit from a network with more than 35,000 broker shops, the top seven mortgage insurance companies and four of the top due diligence providers. Collectively, BlitzDocs investor participants represent more than 70 percent of loans purchased in the secondary market. For more information call 678.460.2460 or visit www.advectis.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the United States, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
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