XATA Ranked 363rd Fastest Growing Company in North America on Deloitte’s 2010 Technology Fast 500(TM)
MINNEAPOLIS, Oct. 26 /PRNewswire/ — XATA Corporation (Nasdaq: XATA), a leader in fleet optimization software and services, announced today that it earned the rank of 363 on the Technology Fast 500(TM) list, which is Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth from 2005 to 2009. XATA’s annual revenue grew 238 percent during this period.
“We are honored to be recognized by Deloitte in its Technology Fast 500(TM) listing,” said Jay Coughlan, chairman and chief executive officer, XATA Corporation. “The growth the company reported during the four-year period represents our ability to capture increasing market share in the trucking industry by leveraging our position as a leading compliance-driven, driver-centered technology solution. Our long-term focus remains on providing the industry with a single source for all its fleet operations needs.”
“XATA and the other 2010 Technology Fast 500(TM) winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends XATA for this impressive accomplishment.”
“XATA has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500(TM),” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500(TM) award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500(TM) including selection and qualifying criteria, visit www.fast500.com.
XATA Corporation is the expert in optimizing truck-fleet operations by reducing costs and ensuring regulatory compliance. Our on-demand software and services help companies manage fleet operations, enhance driver safety and deliver a higher level of customer satisfaction. Offered through a monthly subscription service, XATA software solutions can affordably oversee every truck in an organization’s fleet. XATA also provides expert services to develop the business processes required to deliver the profitability, safety and service levels demanded by today’s competitive transportation environments.
Based in Minneapolis, Minnesota, XATA revolutionized the trucking industry by being the first to introduce electronic driver logs and exception-based management reporting. Our XATANET solution provides our customers with access to their vehicle data anywhere, anytime. XATA Turnpike provides PDA-based fleet management capabilities for little or no upfront costs.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
SOURCE XATA Corporation