Radiant Systems Named One of Georgia’s Fastest Growing Technology Companies in Deloitte’s Technology Fast 50 Program
Five-year revenue growth of more than 52 percent places company among state’s elite technology firms
ATLANTA (October 22, 2007) – For the third year in a row, Radiant Systems, Inc. (NASDAQ: RADS) has been named to Georgia Technology Fast 50, an annual ranking of the fastest-growing technology companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Based on percentage revenue growth over the five years beginning in 2002, this year’s awards were presented at a ceremony held September 27 in Atlanta.
“We firmly believe that strong growth remains in front of us,” said John Heyman, chief executive officer of Radiant Systems, Inc. “Our strategies of building relationships for life with our customers, adding more value to the industries we serve, and expanding the markets for our products have been, and will continue to be, strong pillars of our growth. Radiant Systems is a remarkable team of people and we aspire to become even more remarkable in the future.”
“Deloitte’s Georgia’s Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Guy Budinscak, office managing partner of Deloitte’s Atlanta/Birmingham practice. “We applaud the successes of Radiant Systems and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
Radiant System’s increase in revenues of 52 percent from 2002 to 2006 resulted in a 41 ranking in the Technology Fast 50 for Georgia. This year’s Georgia Technology Fast 50 program is presented by Deloitte and sponsored by Kilpatrick Stockton LLP, NASDAQ and Technology Association of Georgia (TAG).
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Georgia, 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 of the 16 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.
Company Information
About Radiant Systems, Inc.
Radiant Systems, Inc. (www.radiantsystems.com) is a global leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's point of sale hardware and software solutions are deployed in more than 85,000 restaurants, retail stores, cinemas, convenience stores, fuel centers, and other customer-service venues across more than 100 countries. Radiant serves the needs of its customers through the dedication of more than 1,100 employees, 325 certified sales and service partners, and 1,800 field service representatives around the world. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States as well as in Europe, Asia and Australia.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein(association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company’s reliance on a small number of clients for a large portion of its revenues, fluctuations in its quarterly results, its ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
