Surgient, a leader in self-service provisioning for dynamic data centers, today announced that it ranked number 304 on Technology Fast 500™, Deloitte LLP’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 during the five year period from 2004–2008. Surgient grew 428 percent during this period.

Surgient CEO Tim Lucas credits the cost savings and operational benefits created by Surgient's innovative self-service IT solutions for the company's revenue growth over the past five years. He said, "With our patented virtualization management technology platform, Surgient enables enterprise IT organizations and managed service providers to build and manage private clouds for the dynamic data center. Surgient customers are able to dramatically increase hardware utilization, cut operating costs, and drive business success by delivering business-critical services to users via self-service."

“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, vice chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Surgient on this accomplishment."

“With its impressive five-year growth, Surgient has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, managing partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Surgient for its achievement.”

Technology Fast 500™ Selection and Qualifying Criteria

Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.

Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.