ServiceBench Recognized in Deloitte's Technology Fast 50 Program for Virginia

Growing Market Demand for Service Management Solutions Drives Company’s Rapid Revenue Growth 

 

Fairfax, VA ... October 3, 2007 – ServiceBench, Inc., the leading provider of Web-based service management solutions, has been named to Deloitte’s prestigious Technology Fast 50 Program for Virginia, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in Virginia by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002–2006. This year’s Virginia Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ and SmartCEO.

ServiceBench CEO Michael Dering credits the rising market demand for service and warranty management solutions for the company’s rapid revenue growth. “We are honored to be named to such a respected and influential list within the technology industry,” Dering said. “This recognition reaffirms our steadfast commitment to our customers and the growing demand for our comprehensive suite of post-sale service solutions.

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 Virginia, 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. Using other companies’ technology or intellectual property in a unique way does not qualify.

“Deloitte’s Virginia’s Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Gary Tabach, Managing Partner of Deloitte’s Greater Washington practice. “We applaud the successes of ServiceBench and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

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About ServiceBench

ServiceBench is a leading provider of service management solutions that integrate post-sales service activities including service call management, field service management, parts management, claims management and service contract management. The ServiceBench on-demand system easily enables service transactions between manufacturers, retailers or extended warranty providers and their network of parts suppliers, distributors and service providers. ServiceBench solutions provide the essential foundation to manage the service chain for profit and competitive advantage. For more information visit www.servicebench.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

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.

Media Contact

Lee Harbin
Director of Marketing
703-592-0036
lharbin@servicebench.com


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