Recognized for a Second Year in a Row, Serus Achieved an Astounding 1,055 Percent Growth Rate from 2003-2007
MOUNTAN VIEW, CALIF.—Oct. 31, 2008Serus Corporation, a global provider of technology and managed services for companies with distributed or outsourced manufacturing operations, has been named to Deloitte's prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the region. Deloitte & Touche LLP, one of the nation’s leading professional services organizations, ranks companies based on the percentage revenue growth over a five year period. Serus is ranked twenty third in the software and information technology category thanks to its impressive 1,055 percent growth rate. This is the second year in a row where Serus was recognized as a “Fast 50 Winner”.
“Our selection to this prestigious list of technology leaders is a testament to strong customer adoption of Serus’ Intelligent Operations Management software suite,” said Indu Navar, Serus’ CEO. “Our IOM suite eloquently solves operational challenges associated with outsourcing manufacturing. It is a pleasure and compliment to be part of this elite group.”
“Fast-growing companies like Serus are proof that challenging economic times can also present great opportunities”, said Mark Jensen, partner and national director of the Venture Capital Services Group for Deloitte in Silicon Valley. “The average growth rate of the 2008 list far surpasses the 2007 list, showing that growth and innovation are still very much a part of the Bay Area. We applaud the successes of Serus and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, 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. Using other companies' technology or intellectual property in a unique way does not qualify.
This years’ Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP, Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, ABD Insurance and Financial Services and Cornish & Carry Client Solutions.
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.
LEGAL NOTE:Serus is a trademark of Serus Corporation. All other trademarks and registered trademarks previously cited are the property of their respective owners and are hereby acknowledged
Deloitte Technology Fast 50 winners receive exposure and recognition from media and industry and become part of an exclusive network of high performing technology companies. This translates into a number of benefits:
ABOUT SERUS
Serus Corporation is a global pioneer of technology and managed services for companies with distributed or outsourced manufacturing operations.
Serus SaaS solutions enable efficient automated collaboration, execution and decision making across global supply and distribution networks.
Based in Sunnyvale, Calif. with a worldwide development team, Serus customers include companies such as AMD®, Cisco®, Entropic®, Flextronics® and NVIDIA® as well as other leaders in the fabless semiconductor and high-technology manufacturing markets.
