Exostar Ranks Again on Deloitte’s Technology Fast 50
Third Year on Annual List Reflects Continued Growth for Leader in Secure Supply Chain Collaboration
HERNDON, Va. (Oct. 3, 2007) ─ Exostar has been named again to Deloitte's prestigious Technology Fast 50 list for Maryland & Virginia, based on the company’s consistent track record of year-over-year growth in the past five years.
Exostar serves a growing community of more than 38,000 trading partners with identity assurance and on-demand supply chain solutions that give customers enhanced abilities to share information and integrate business processes with external partners, suppliers and customers. The company works with more than 85 of the top 100 aerospace and defense (A&D) companies to help them accelerate cycle times, reduce risk and gain visibility over their extended supply networks. Exostar’s ability to help clients ensure that their intellectual property is safe in a multi-enterprise collaborative environment is a critical differentiator in an era when competitive success increasingly requires teamwork beyond a company’s four walls.
Exostar’s strong growth can be attributed to its proven track record enabling three important industry trends: identity and access management, global supply chain management, and the software-as-a-service deployment model.
“We are honored to be among the 50 fastest growing companies in a region known for technology innovation,” said Kevin Lowdermilk, president and CEO of Exostar. “Our customers’ drive for business process excellence combined with our employees’ passion for innovative solutions and world class delivery will fuel the continued growth at Exostar’s for years to come.”
Technology Fast 50 companies had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005. To qualify, companies must own proprietary technology or intellectual property that contributes to a significant portion of operating revenues, or devote a significant proportion of revenues to the research and development of technology. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
“Deloitte’s Virginia’s Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Gary Tabach, managing partner of Deloitte’s greater Washington practice. “We applaud the success of Exostar and acknowledge it as one of the very few to accomplish such a fast growing rate over the past five years.”
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Exostar powers secure collaborative supply networks helping manufacturers and suppliers work together to gain visibility, control and integration of critical business processes, speeding time-to-market, increasing profitability and reducing risk. Initially launched in 2000, Exostar was founded to support the complex trading needs of the world's largest aerospace and defense companies, including BAE SYSTEMS, The Boeing Company, Lockheed Martin Corp., Raytheon Co. and Rolls-Royce. Today, its on-demand solutions provide business collaboration, secure infrastructure and supply chain execution capabilities for 38,000 trading partners worldwide. For more information, please visit www.exostar.com.
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