Press Releases

Coremetrics Ranks 34th in Deloitte's Technology Fast 50 Program

Melbourne, 5 November 2008 – Coremetrics, a leader in digital marketing solutions, has been awarded a place in Deloitte’s Technology Fast 50 Program for Silicon Valley Internet, Media, Entertainment and Communications companies.

Rankings are based on revenue growth over five years from fiscal year 2003–2007, during which Coremetrics’ revenues increased 468 per cent.

“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP. “We applaud the successes of Coremetrics and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

Coremetrics’ CEO Joe Davis credits the company’s focus on helping businesses measure, analyse and hone online marketing results, and a customer-centric business model with propelling its 468 per cent revenue growth from fiscal year 2003–2007. Davis said, “The current economy is driving companies to scrutinise the return on investment (ROI) for their online marketing spend, and that’s just perfect for Coremetrics. We can help companies quickly figure out exactly where to invest their budgets and how well they’re doing against their rivals.”

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, 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.

Companies from the 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

This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company.

About Coremetrics
Coremetrics is the leading provider of digital marketing optimisation solutions. Its solutions generate high return on online marketing investment and continue to pay daily dividends in improved marketing performance. Over 1,000 online business sites, transacting over $15 billion this year, are now using Coremetrics’ Software as a Service (SaaS) solution to optimise online marketing efforts. Coremetrics’ solutions encompass advanced online analytics and precision marketing applications, including search engine bid management, email marketing and cross sell applications to acquire customers more cost effectively, increase conversion rates, and increase lifetime customer value. Clients have recognised over $300M in documented ROI and 87% of clients recognise ROI in 12 weeks or less. The company is privately held with funding from 3i, Accel Partners, FTVentures, and Highland Capital Partners and is headquartered in San Mateo, California. To learn more about Coremetrics, visit www.coremetrics.com.au or call (Aus) 1800-69-CORE or (NZ) 0800-69-CORE.

About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Media and Analyst Enquires:
Frances Ward
Solid Ink Communications
Tel: +61 (0)413 789 335
Email: frances.ward@solidink.com.au

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