LAKE RIDGE, Va., -- Oct. 8, 2004 -- Filnet, Inc. (http://www.filnetinc.com) was named to Deloitte's prestigious Technology Fast 50 program for Virginia, Deloitte & Touche LLP's ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.
Filnet's CEO Chris Baltazar credits long-term client relationships and the company's technologists for developing valuable applications and Web sites that result in favorable user experiences and better constituent and customer relationships for Filnet's clients. Baltazar says "As we go deeper into the government sector with our newly acquired GSA schedule, we expect that the results that we've been able to deliver on our client's behalf will become our greatest asset, second only to the employees who develop these innovative solutions."
Filnet's increase in revenues of 857% from 1999 to 2003 resulted in a 14 ranking in the Fast 50 for Virginia.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 19 regional Technology Fast 50 Programs in the United States and Canada enter in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies.
Filnet specializes in increasing the amount of information and services that an organization can make available to its various audiences and creating efficiencies that streamline internal workflows. This involves implementing custom and off-the-shelf platforms and often requires the adaptation of existing applications and architectures. The types of services that Filnet provides include web strategy development, site design and redesign, content management systems, hosting, e-commerce, and enhanced user interfaces to name a few services.
Filnet's clients include The District of Columbia, PWNet, Winchester- Frederick County Convention and Visitors Bureau, Kodak Polychrome Graphics, Keane, Inc., Caterpillar, among others. Filnet, Inc. is a privately held minority-owned company founded in 1996 by President and CEO Chris Baltazar.
