XIFIN®, Inc., has been named to Deloitte’s prestigious Technology Fast 50 Program for San Diego, 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.
XIFIN’s Executive Chairman, Lale White, credits the recognition of the value of XIFIN’s SaaS approach to longstanding revenue cycle management problems for laboratory and diagnostic services providers with the company’s 312 percent revenue growth from 2003 - 2007. White said, "With six of the ten largest diagnostic laboratories as customers, we have become the preferred platform among leading labs."
"Sustaining high revenue growth over five years is an exceptional accomplishment," said Theresa Drew, Managing Partner, San Diego Practice, Deloitte & Touche LLP. "We commend XIFIN for making the commitment to technology and delivering on the promise of market longevity. We are proud to include them in Deloitte’s Technology Fast 50."
This year’s San Diego Technology Fast 50 program is sponsored by Barney & Barney, Bowne, Cushman & Wakefield, Focus Creative Group, Judy Thompson & Associates, Latham & Watkins, Oracle, San Diego Business Journal and Union Bank of California, in association with AeA, BIOCOM and KPBS.
To qualify for the Technology 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.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology 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 Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.