October 31, 2007 — (WEB HOST INDUSTRY REVIEW) — Software as a solution provider OpSource (opsource.net) announced on Wednesday that it has been ranked number three in Deloitte’s Technology Fast 50 program for Silicon Valley. Rankings are based on the percentage revenue growth over five years from 2002 to 2006.
OpSource’s increase in revenues resulted in a number three ranking in the Internet, media and entertainment and communication category of the Technology Fast 50 for Silicon Valley. The average increase in revenues among companies who made the Technology Fast 50 was 1,455 percent, says OpSource.
“The main reason for our 5,733 percent revenue growth from 2002 to 2006 is that OpSource provides the only complete Web application delivery solution that is priced on-demand,” says Treb Ryan, CEO of OpSource. “In addition, unlike traditional managed hosting companies that simply manage servers, OpSource provides the entire spectrum of services required to bring a Web application to market. Our customers develop the application and we deliver it. We assist customers with the unique issues that SaaS companies face, such as billing and analytics, application management, around-the-clock end-user support, security and regulatory compliance.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley and be a company that owns proprietary technology or proprietary intellectual property 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.
Last week, Business Objects expanded its SaaS offerings by selecting OpSource On-Demand to deliver its recently released Business Objects Information OnDemand solution.
