Intelligent Systems Technology, Inc. Again Named One Of Los Angeles' Fastest growing Technology Companies By Deloitte & Touche; Third Year In A Row To Make 'Fast 50' List
SANTA MONICA, CALIF. – SEPT. 18, 2000 – For the third year in a row, Santa Monica-based Intelligent Systems Technology, Inc. (www.intelsystech.com) has been selected as one of Southern California's fastest growing technology companies by Deloitte & Touche LLP in its "2000 Los Angeles Technology Fast 50" ranking.
Posting a five-year annual growth rate of 354 percent, Intelligent Systems Technology, Inc. (ISTI) is one of only eight software companies in the top 25. A total of 18 software companies are ranked in this year's "Los Angeles Technology Fast 50," a list that covers technology companies located in Los Angeles, Riverside, Santa Barbara, San Bernardino, and Ventura counties.
ISTI's President and CEO, Dr. Azad Madni, credits the demand for ISTI's corporate initiative planning and execution management technology with the company's accelerated revenue growth over the past five years.
"As companies continue to expand, acquire and merge, and transform to an e-business model, effective planning and execution of corporate initiatives will be a major contributor to a company's competitive advantage, and our software products are designed to serve as a critical process management tool in this arena," Dr. Madni said. "We are honored to be recognized by Deloitte & Touche as one of Los Angeles' top technology companies."
Dr. Madni said that ISTI soon will announce the release of its next-generation Intelligent Process Management System software for executing corporate initiative plans and providing organizations with business analytics.
"Deloitte & Touche commends Intelligent Systems Technology, Inc. for having the vision and determination to again rank as one of the 50 fastest-growing technology companies in the Los Angeles region," said Gary Dickey, Partner, Los Angeles High Technology Group for Deloitte & Touche.
ISTI also was saluted by the Software Council of Southern California. "Intelligent Systems Technology is to be applauded not only for being ranked as one of the 50 fastest growing technology companies in Greater Los Angeles, but for making the Deloitte & Touche list three years in a row," said Mark Monaghan, CEO of the Software Council of Southern California. "Dr. Azad Madni and his team are showing real leadership."