Litle & Co. Ranks # 1 on Deloitte & Touche's Prestigious Technology Fast 50 for New England
19 September 2006
Litle & Co., a leading payment processor for direct marketing merchants, today announced that the company ranked number one on Deloitte & Touche's prestigious Technology Fast 50 Program for New England, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the region. Litle & Co. topped the list with revenue growth of 33,683 percent from 2001 to 2006. This award comes just a few weeks after Litle & Co. announced that it ranked number one on Inc. magazine's list of the 500 fastest-growing private companies in the United States and was also named a recipient of the 2006 CIO 100 Award.
Sponsored by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations, the rankings are based on the revenue growth percentage over five years from 2001-2005. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, 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.
"We are truly honored to be recognized by Deloitte & Touche as the fastest growing technology company in New England," said Tom Litle, President & CEO of Litle & Co. "Our unprecedented growth can be attributed to our deep understanding of direct marketers and the challenges they face, our ability to deliver client-specific solutions, and our innovative use of information technology. We are changing the playing field in the payment processing industry by partnering with our clients to build payment processing solutions that help our customers to increase revenue and eliminate costs."
Founded by pioneers in the payment processing industry, Litle & Co. is the only payment processing company focused exclusively on direct marketers. Litle & Co.'s technology-forward approach boasts the newest generation of payment processing systems. The company's solutions are tailored to merchants' individual needs, without any hidden fees or arbitrary charges, and are based on a philosophy of "truth in pricing" and "truth in reporting." Litle & Co.'s payment processing solutions help leading direct marketing merchants increase revenue by reducing declined authorizations and eliminating customer frustration.
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years," said Steve DiPietro, partner with Deloitte & Touche's Boston office. "Litle & Co. has proven to be one of the fast-growth success stories in New England."
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are eligible to be entered into the 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 http://www.fast500.com/.
About Litle & Co.
Litle & Co was founded in 2001 by payment and direct marketing industry leaders and is the only payment processing company focused exclusively on direct marketers. The combination of new technology with a fresh approach to payment processing systems development, result in a next generation payment processor that simultaneously provides more services to Direct Commerce Merchants while reducing their maintenance costs and giving them more flexibility and options. Our solutions are tailored to merchants' individual needs, without any hidden fees or arbitrary charges. For more information about Litle & Co., visit http://www.litle.net.
Source: prnewswire
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