IssueTrak, Inc today announced that it ranked Number 413 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 over five years, from 2000–2004. IssueTrak grew 314 percent during this period.

IssueTrak Founder and CEO, Hank Luhring, credits the growth over the past five years to the IssueTrak team’s commitment to delivering comprehensive support desk solutions that provide enterprise level functionality at SMB prices. The companies business model is very focused on providing superior 100% Web based support solutions coupled with the industry’s leading post sales support. This model will allow IssueTrak to continue to be the fastest growing support desk company in the world”.

"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 IssueTrak Corporation on being one of the 500 fastest growing technology companies in North America. “Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company’s product and its leadership. IssueTrak has shown the right stuff for growth.”

In addition to making Deloitte’s Technology Fast 500, IssueTrak also ranked 40th on the Virginia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Virginia.

Overall, companies that ranked on the 2005 Technology Fast 500 had growth rates ranging from 240 to 73,752 percent over five years, with an average growth rate of 2,408 percent.

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 year 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 Deloitte
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, 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.

Contact:
Douglas Christian
info@issuetrak.com
1-866-ISSUETRAK (866-477-8387)