press
Media Contact:
Charles Oliva
Vindigo Studios
pr@vindigo.com
Devon Jaffier
New York Deloitte & Touche Fast 50 Media Contact
(212) 436-2708
djaffier@deloitte.com
Vindigo Studios Named Rising Star in Deloitte & Touche's Technology Fast
50 Program for New York
NEW YORK, September 26, 2003 - Vindigo Studios has
been named as one of the top ten Rising Stars in Deloitte & Touche's Technology
Fast 50 program for New York. The Rising Star award is a special designation
for fast-growth technology companies that have been in business just three
or four years and is part of the New York Technology Fast 50 program, which
ranks the 50 fastest growing technology companies headquartered in the state.
Rankings are based on the percentage of growth in fiscal year revenues over
three years (2000 to 2002).
In 1999, Vindigo Studios developed and published one of the first truly
successful consumer applications for mobile devices, the Vindigo city guide.
Now, four years later Vindigo Studios has more than 15 applications in various
stages of development and more than 1 million people have downloaded a Vindigo
application.
"The Deloitte & Touche New York Technology Fast 50 Rising Star companies
have shown the strength, vision and temerity to succeed despite a very challenging
technology environment," said Larry Wizel, Partner in the Technology, Media,
and Telecommunications practice of Deloitte & Touche and Chair of the New
York Technology Fast 50. "We applaud the successes of Vindigo Studios and
acknowledge their place as one of the few to accomplish such a fast growth
rate over the past three years."
"We are honored to be recognized by Deloitte & Touche as the sixth fastest
growing technology company in New York in the Rising Star category," said
Jason Devitt, CEO of Vindigo Studios. "This award recognizes that Vindigo
Studios not only builds superior products, but also demonstrates our leadership
and financial strength within the mobile Internet industry."
To qualify for the Technology Fast 50 Rising Star program, companies must
have had operating revenues of at least $50,000 in 2000 and $1,000,000 in
2002, 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.
Rising Star winners are automatically entered in the Deloitte & Touche Technology
Fast 500 program's Rising Star category. The Deloitte & Touche Technology
Fast 500 program ranks North America's top 500 fastest growing technology
companies based on revenue growth over five years (1998-2002). Its Rising
Star ranking is based on revenue growth over three years (2000-2002). For
more information on the Deloitte & Touche Technology Fast 50 or Fast 500
programs, visit www.fast500.com.
This year's New York Technology Fast 50 is supported by Platinum Sponsors:
Bank of New York, Geller & Company, Marsh Financial Services, NASDAQ, and
Proskauer Rose; Gold Sponsors: the Journal News; and Silver Sponsors: Polytechnic
University the NYU Center for Advanced Technology.
About Vindigo Studios
Vindigo Studios is one of the best-known developers and publishers of consumer
information and entertainment applications for mobile devices in the U.S.
Vindigo Studio's proprietary technology and network of content partners
power compelling applications on every major wireless carrier. Vindigo Studios'
applications enable people to explore, enjoy, and connect to the world around
them. More information can be found at www.vindigostudios.com.
About Deloitte & Touche Technology, Media & Telecommunications (TMT)
Group
The TMT Group is composed of service professionals who have a wealth of
experience serving technology, media and telecommunications companies throughout
the world in areas including cable, communications providers, computers
and peripherals, entertainment, media and publishing, networking, semiconductors,
software, wireless, and related industries. These specialists understand
the challenges that these companies face throughout all stages of their
business growth cycle and are committed to helping them succeed. Deloitte
& Touche is a leader in providing strategic, financial and operational assistance
to its technology, media and telecommunications clients.
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Vindigo is a registered trademark and the V design is a trademark of Vindigo, Inc.
