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SARATOGA SPRINGS, NEW YORK , November 3, 2005 — CORESense, Inc., the leading provider of On Demand Retail Management Software, has been named a Rising Star in Deloitte’s prestigious Technology Fast 50 program for
New York
.
The Rising Star award is a special designation for fast-growth technology companies that have been in business just three or four years and is part of the New York Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in the state. Rankings are based on percentage revenue growth over three or four years (2001-2004).
“The Deloitte New York Technology Fast 50 Rising Star companies have shown the strength, vision and creativity to succeed despite a very challenging technology environment,” said Ed Moran, a director at Deloitte Services LP who leads the product innovation group and is the chairperson of the New York Technology Fast 50. “We applaud the successes of CORESense, and are pleased to honor them with the special distinction of being the only company to be awarded the Rising Star in
New York
this year. They are one of the few to accomplish such a fast growth rate over the past three years.”
CORESense CEO Jason Jacobs credits a talented, dedicated team and industry leading solution for the company's 633 percent revenue growth from 2001 to 2004. "We are honored to be recognized by Deloitte and the New York Technology Council for our strong performance," said Jacobs. “Our focus is to enable increased revenue and decreased operating costs to our customers. As a result, we have become the leading on demand retail management software provider to many of the country’s multi-channel retailers."
To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2001 and $1,000,000 in 2004, be headquartered in North America, and be a “technology company,” defined as a company that owns proprietary technology 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 in a unique way does not qualify.
Rising Star winners are automatically entered in Deloitte’s Technology Fast 500 Rising Star category. Deloitte’s Technology Fast 500 program ranks
North America
’s top 500 fastest growing technology companies based on percentage revenue growth over five years (2000–2004). Its Rising Star ranking is based on percentage revenue growth over three or four years (2001–2004). For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About CORESense, Inc.
CORESense is the leading provider of On-Demand Retail Management Software for companies with multi-channel sales strategies. CORESense enables retailers to increase revenues and decrease operating costs by synchronizing their entire business operations in one centralized solution that includes Multi-Channel Management, Order Fulfillment, Inventory and Supplier Management and CRM. Founded in 2000, CORESense is unique for its innovative scalable architecture, its foundation of open source technologies, and comprehensive retail functionality in a truly web based application. Learn more at www.coresense.com.
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.
Deloitte & Touche USA LLP is the
US
member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
As used in this document, the term “Deloitte” includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP.
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