TicketNetwork(R) Ranks on Deloitte's 2012 Technology Fast 500(TM) List of Fastest Growing Companies in North America
Attributes 133% Revenue Growth to Ticket Industry Leadership and Employee Dedication to Excellence
November 15, 2012 --
SOUTH WINDSOR, CT -- (Marketwire) -- 11/15/12 -- TicketNetwork®, the leading online exchange for event tickets and innovative technology solutions provider for both ticket buyers and sellers, today announced that it has ranked on Deloitte's 2012 Technology Fast 500.
The ranking recognizes the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America, based on the percentage of revenue growth from 2007 to 2011. TicketNetwork® grew 133% during this timeframe.
TicketNetwork® co-founder and co-CEO Doug Kruse credits the company's success to its leadership within the ticket industry and the outstanding dedication of its 450 employees. Kruse said, "The entire TicketNetwork® team is thrilled to be recognized as one of the fastest growing technology companies for a fifth consecutive year. This honor is a true testament to the spirit of innovation and excellence embodied by our employees."
Fellow co-CEO Jeffrey Scheman added, "The bar is always set high for Deloitte's Technology Fast 500, which is why we at TicketNetwork® proudly accept this great honor. As ticketing technology rapidly evolves, we continually search for new opportunities to expand and better ways to serve our customers."
TicketNetwork® previously ranked as a Technology Fast 500 award winner in 2008, 2009, 2010, and 2011.
About Deloitte's 2012 Technology Fast 500
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
TicketNetwork® hosts the leading online marketplace for event tickets to concert, sport, and theater events around the country and the world. Through our vast network of websites, we connect buyers and sellers from around the country, with ticket inventory listings to more than 80,000 events worldwide. Our company's flagship software product, TicketNetwork® Point-of-Sale, powers real-time ticket transactions through our Online Exchange, making it the leading innovative software platform in the secondary ticket industry. Our signature retail website TicketNetwork.com is both Payment Card Industry (PCI) and EVSSL-certified, ranking it among the top secure sites for event tickets in the secondary market. TicketNetwork, Inc. subsidiaries include Ticket Software LLC, TicketLiquidator.com, and PrimeTix.
TicketNetwork® was founded in 2002 and is headquartered in South Windsor, Connecticut. For more information, visit corporate.ticketnetwork.com.
Duby McDowell Communications LLC
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