InnerWorkings Ranked Among Deloitte's 2009 Technology Fast 500
Printing Purchase Outsourcing Firm Among the Fastest Growing Companies in North America on
Press Release -- Graphic Arts Online, 2009-10-22 10:39:58 MDT
Chicago, IL, Oct. 22, 2009- InnerWorkings, Inc. (NASDAQ: INWK) today announced that it ranked number 154 on Technology Fast 50, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008. InnerWorkings grew 978 percent during this period. Eric Belcher, InnerWorkings' CEO, stated, "Being named yet again to the Technology Fast 500 list is a credit to the entire InnerWorkings team who work hard every day to deliver value to our clients. It is also indicative of the fact that, despite being nearly a decade old, InnerWorkings continues to grow at a very rapid pace. Outsourced print management remains a tremendously large opportunity and we believe that our proprietary technology and business model have us ideally positioned to continue gaining market share in the years to come." "Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate InnerWorkings on this accomplishment." "With its impressive five-year growth, InnerWorkings has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor InnerWorkings for its achievement." Technology Fast 500™ Selection and Qualifying Criteria Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008. In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues. Technology Fast 500™ award eligibility requirements also include bas-yeear operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America. About Deloitte "Deloitte" is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu (DTT), a Swiss Verein. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each of the member firms operates under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Each DTT member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities. About InnerWorkings InnerWorkings, Inc. (NASDAQ: INWK) is a leading global provider of managed print and promotional solutions for corporate clients across a wide range of industries. With proprietary technology, an extensive supplier network and domain expertise, the Company procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution. The Company is based in Chicago with additional offices in the United States and in the United Kingdom. For more information on InnerWorkings, visit: www.inwk.com.
