Luminex Software Named One of the Fastest Growing Technology Companies in Deloitte Technology Fast 50 & Fast 500 Programs
Awarded Dual Industry Awards for Second Consecutive Year
Riverside, Calif., October 26, 2004 — Luminex Software, Inc., a leading developer of data storage products, has been recognized by Deloitte & Touche LLP, one of the nation’s leading professional services firms, as one of the top 500 fastest growing technology companies in North America and one of the top 50 in the Los Angeles region.
Deloitte Technology’s prestigious national Fast 500 and regional Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999–2003. Luminex’s increase in revenues of 397% from 1999 to 2003 resulted in an 18th ranking in the 2004 Fast 50 for Los Angeles and a 428th ranking for the Fast 500 program.
“In today’s economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend Luminex for making the commitment to technology and delivering on the promise of market longevity,” said Mark Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “We are proud to honor Luminex as a Deloitte Technology Fast 50 and Fast 500 winner."
Art Tolsma, CEO of Luminex, credits Luminex’s dedication to developing innovative storage technologies as the stimulus behind the company’s fast growth over the past five years. Tolsma continues: “Luminex is proud to be named to both the Deloitte Fast 50 and Fast 500 programs for the second year in a row. We are excited to build on our solid foundation of continued revenue growth and profitability.”
Luminex previously ranked 19 on the Deloitte Technology Fast 50 and 481 in the Fast 500 in 2003. Luminex is the only private company that was ranked in the top 25 of the Los Angeles Deloitte Fast 50 each of the past three years.
To qualify for the Technology Fast 50 and Fast 500, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com.
About Luminex Software, Inc.
Luminex develops distinctive data storage products based upon proven technologies that tackle the complex challenges of storing, archiving, distributing and protecting data. Complemented by quality customer service, Luminex’s innovative products create real value for our customers. With a history in mainframe channel connectivity products, Luminex’s Virtual| BLUE™ product family bridges the gap between the mainframe enterprise and open systems world, thereby transforming the economics of mainframe storage. Luminex’s Data|WARE ™ product family enables customers to archive and distribute data on CD and DVD media.
Founded in 1994, Luminex is privately held and headquartered in Riverside, Calif., with additional offices in San Diego, Calif., and Beaverton, Ore. For more information about Luminex, please visit the Luminex website www.luminex.com, email email@example.com or call 1.888.LUMINEX.
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Luminex Software, Inc.
871 Marlborough Avenue
Riverside, CA 92506
Luminex Software, Inc.