Luminex Software Ranked Twenty-First Fastest Growing Company in the Los Angeles Area on the 2002 Deloitte & Touche Technology Fast 50 List
Luminex achieves five year revenue growth rate of 323%
Riverside, CA, September 23, 2002 - Luminex Software, Inc., a leading supplier of data distribution, archiving and storage products, was named to the Deloitte & Touche Technology Fast 50, a ranking of the fastest growing technology companies in the Los Angeles area. The award is given yearly to technology companies that have been in business at least five years, have revenues in excess of $1 million and demonstrate high revenue growth over a five year period.
"Making the Deloitte & Touche Technology Fast 50 is a testament to a company's leadership, commitment to technology, and ability to deliver the right solution at the right time," said Gary Dickey, partner, Los Angeles Technology, Media & Telecommunications group, Deloitte & Touche. "With its 323% five-year growth rate, Luminex has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."
Luminex ranked twenty-first on the Deloitte & Touche Technology Fast 50 list of Los Angeles area companies which was announced September 11.
"My co-founders Brian Hawley, Mike Saunders and I are delighted to be included in this select list of companies to win this year's award," said Art Tolsma, CEO of Luminex. "In these uncertain economic times, we have worked hard to achieve our goals of both revenue growth and profitability. Our acquisition in March of an engineering team in Beaverton, Oregon, along with steady demand for our entire product line, makes us confident that our fast growth will not only continue but also accelerate in the future."
The company is automatically entered in the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Fast 500 winners will be announced in October.
For large data centers with complex storage operations, Luminex develops and markets hardware and software for data storage, archiving, distribution and management. The Luminex VirtualBLUE family of products enables the use of low cost open system storage resources with IBM and plug-compatible mainframe servers. Its line of award-winning optical recording products simplifies and improves the preservation and distribution of data.
Founded in 1994, Luminex is headquartered in Riverside, California. It has development offices in San Diego, California, and Beaverton, Oregon. Luminex products are available directly from the company and through partnerships with leading systems integrators and resellers worldwide. Call 1.888.LUMINEX or email us at email@example.com for more information. We invite you to visit our web site www.luminex.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
About Deloitte & Touche's Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.
Luminex Software, Inc.
6840 Indiana Avenue, Suite 130
Riverside, CA 92506
Press Contact: Kate Donlon