AppLabs Named to Deloitte’s Fast 50

From: AppLabs
Published: Tue Nov 18 2008


AppLabs, the world’s largest independent testing, quality management and certification solutions company, today announced that it has been named to Deloitte’s prestigious Fast 50 Program for Greater Philadelphia, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003??"2007.

AppLabs’ President and CEO, Makarand Teje, credits hard work and commitment of all the AppLabs employees and the clients who have been there throughout the journey, for the company’s phenomenal revenue growth over the past five years.

“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend AppLabs for making the commitment to technology and delivering on the promise of market longevity. We are proud to name AppLabs to Deloitte’s Fast 50,” said Michael J. Purcell, Greater Philadelphia Marketplace Technology, Media, and Telecommunications Leader, Deloitte & Touche LLP.

Doc Parghi, Senior Vice President of North America, AppLabs said, “We are indeed proud to be ranked 8th in Deloitte’s 50 of the fastest growing companies in North America. This recognition not only reflects our commitment and dedication to our customers it further consolidates our leadership position within the testing space.”

The Greater Philadelphia Fast 50 program is presented by Deloitte and sponsored by Fragomen, Del Rey, Bernsen & Loewy, LLP, The Judge Group, and UK Trade & Investment. To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, 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. Winners of the regional Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s 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 Fast 50 or Fast 500 programs, visit www.fast500.com.

About AppLabs:

AppLabs is the world’s largest independent testing, quality management and certification solutions company. With over a decade of experience, AppLabs has become a trusted partner to more than 600 companies, providing both quality assurance and third-party validation. Clients include American Airlines, Experian, JP Morgan, VocaLink and National Australia Bank amongst others. Headquartered in Philadelphia, the company maintains advanced testing facilities in the US, India and the Europe. For more information, visit www.applabs.com

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Company: AppLabs
Contact Name: Ashok Mani
Contact Email: ashok.mani@applabs.com
Contact Phone: +91 40 2355 8000

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