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ZoomSystems Ranked Number 14 in Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology Companies
Attributes Its Near 2,200 Percent Revenue Growth to Company's Leadership Team and Dedication to Delivering Consumers an Interactive and Engaging Shopping Experience
SAN FRANCISCO, CA -- (Marketwire) -- 11/07/08 -- ZoomSystems has been named toDeloitte's Technology Fast 50 Program for Silicon Valley Software andInformation Technology (IT) companies for the second time in two years.This year's Silicon Valley Technology Fast 50 program is co-presented byDeloitte, Silicon Valley Bank, Korn/Ferry International, Cooley GodwardKronish LLP, Cornish & Carey Client Solutions, and ABD Insurance andFinancial Services - A Wells Fargo Company. Rankings are based on thepercentage revenue growth over five years from fiscal year 2003-2007.
ZoomSystems is the technology leader that created the automated retail channel, bringingpopular products from leading brands to consumers through its network of automated retail stores, called ZoomShops.ZoomSystems' 2,194 percent increase in revenues from fiscal year 2003 to2007 resulted in a 14th place ranking in the Technology Fast 50 amongsoftware and information technology companies for Silicon Valley. Theaverage increase in revenues among companies who made the Technology Fast50 for this region was 3,965 percent.
"I'm extremely proud of the efforts of our entire ZoomSystems team inachieving and sustaining high revenue growth over the past five years,"said Gower Smith, founder and CEO ofZoomSystems. "We have focused on great execution and meeting the wants andneeds of consumers by offering the best-selling products from top brandsthrough our ZoomShop networks and delivering a one-of-a-kind shoppingexperience."
Smith credits the company's exponential revenue growth over the past fiveyears to his team's industry expertise in the retail channel and capitalizing on themacro trend towards self-service. Realizing the increasing consumeradoption of technology in everyday transactions, ZoomSystems has forgedahead, launching its 30-square-foot ZoomShops in partnership with brandssuch as Apple, Sony, Rosetta Stone and Proactiv Solution.
ZoomShops provide an engaging consumer experience through a touchscreenuser interface where consumers view product photos, read and learn aboutproducts and then select and purchase immediately with the swipe of acredit or debit card. There are currently more than 750 ZoomShops operatingacross the United States and ZoomSystems has logged more than 1 millioncustomer transactions since March 2005.
To qualify for the Technology Fast 50, companies must have had operatingrevenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscalyear 2007, be headquartered in the San Francisco Bay Area, and be a companythat owns proprietary technology or proprietary intellectual property thatcontributes to a significant portion of the company's operating revenues;or devotes a significant proportion of revenues to the research anddevelopment of technology. Using other companies' technology orintellectual property in a unique way does not qualify.
"Deloitte's Silicon Valley Technology Fast 50 companies have shown thestrength, vision and tenacity to succeed in today's very competitivetechnology environment," said Mark Jensen, Managing Partner, NationalVenture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "Weapplaud the successes of ZoomSystems and acknowledge it as one of the veryfew to accomplish such a fast growth rate over the past five years."
Companies from the regional Technology Fast 50 programs in the UnitedStates and Canada are automatically entered in Deloitte's Technology Fast500 program, which ranks North America's top 500 fastest growingtechnology, media, telecommunications and life sciences companies. For moreinformation on Deloitte's Technology Fast 50 or Technology Fast 500programs, visit www.fast500.com.
About ZoomSystems
Founded in 2002, San Francisco-basedZoomSystems enables brands to place their products directly in the pathof consumers in an intensely interactive manner, removed from thecompetitive clutter of traditional retail. ZoomShops offerthe immediate gratification of instant product delivery and are the firstautomated retail concept offering such a wide variety of high-end brands.ZoomSystems partners with leading brands to implement networks of automatedretail stores in high-traffic locations such as airports, shopping centers,supermarkets, and retail. ZoomSystems' investors include Goldman, Sachs &Co., Sierra Ventures, NeoCarta Ventures and Motorola Ventures. For moreinformation, visit www.zoomsystems.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please seewww.deloitte.com/about for a detailed description of the legal structure ofDeloitte LLP and its subsidiaries.
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PR Contact:Stephanie BowlerZoomSystems415-348-7475stephanie.bowler@zoomsystems.comTara MooreEdelman415-486-3216tara.moore@edelman.com
"I'm extremely proud of the efforts of our entire ZoomSystems team inachieving and sustaining high revenue growth over the past five years,"said Gower Smith, founder and CEO ofZoomSystems. "We have focused on great execution and meeting the wants andneeds of consumers by offering the best-selling products from top brandsthrough our ZoomShop networks and delivering a one-of-a-kind shoppingexperience."
Smith credits the company's exponential revenue growth over the past fiveyears to his team's industry expertise in the retail channel and capitalizing on themacro trend towards self-service. Realizing the increasing consumeradoption of technology in everyday transactions, ZoomSystems has forgedahead, launching its 30-square-foot ZoomShops in partnership with brandssuch as Apple, Sony, Rosetta Stone and Proactiv Solution.
ZoomShops provide an engaging consumer experience through a touchscreenuser interface where consumers view product photos, read and learn aboutproducts and then select and purchase immediately with the swipe of acredit or debit card. There are currently more than 750 ZoomShops operatingacross the United States and ZoomSystems has logged more than 1 millioncustomer transactions since March 2005.
To qualify for the Technology Fast 50, companies must have had operatingrevenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscalyear 2007, be headquartered in the San Francisco Bay Area, and be a companythat owns proprietary technology or proprietary intellectual property thatcontributes to a significant portion of the company's operating revenues;or devotes a significant proportion of revenues to the research anddevelopment of technology. Using other companies' technology orintellectual property in a unique way does not qualify.
"Deloitte's Silicon Valley Technology Fast 50 companies have shown thestrength, vision and tenacity to succeed in today's very competitivetechnology environment," said Mark Jensen, Managing Partner, NationalVenture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "Weapplaud the successes of ZoomSystems and acknowledge it as one of the veryfew to accomplish such a fast growth rate over the past five years."
Companies from the regional Technology Fast 50 programs in the UnitedStates and Canada are automatically entered in Deloitte's Technology Fast500 program, which ranks North America's top 500 fastest growingtechnology, media, telecommunications and life sciences companies. For moreinformation on Deloitte's Technology Fast 50 or Technology Fast 500programs, visit www.fast500.com.
About ZoomSystems
Founded in 2002, San Francisco-basedZoomSystems enables brands to place their products directly in the pathof consumers in an intensely interactive manner, removed from thecompetitive clutter of traditional retail. ZoomShops offerthe immediate gratification of instant product delivery and are the firstautomated retail concept offering such a wide variety of high-end brands.ZoomSystems partners with leading brands to implement networks of automatedretail stores in high-traffic locations such as airports, shopping centers,supermarkets, and retail. ZoomSystems' investors include Goldman, Sachs &Co., Sierra Ventures, NeoCarta Ventures and Motorola Ventures. For moreinformation, visit www.zoomsystems.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please seewww.deloitte.com/about for a detailed description of the legal structure ofDeloitte LLP and its subsidiaries.
Add to Digg Bookmark with del.icio.us Add to Newsvine
PR Contact:Stephanie BowlerZoomSystems415-348-7475stephanie.bowler@zoomsystems.comTara MooreEdelman415-486-3216tara.moore@edelman.com
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