McLean, Va., Dec. 10, 2008 — SPADAC, a leading provider of spatially enhanced technology solutions, announced today that it ranked number 49 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007, during which time SPADAC grew 5,573 percent.
“In the past year, we have expanded our customer base to new government agencies and introduced SPADAC solutions to new markets in order to support energy exploration, bioinformatics and insurance risk analysis,” said Mark Dumas, SPADAC founder and CEO. “New contracts, new customers and new solutions all lay the foundation for our continued growth and success into 2009 and beyond.”
In 2007, SPADAC acquired EarthWhere® technology from SANZ, a former provider of data access solutions. Since this acquisition, SPADAC has researched several ways to enhance the spatial data management product, and released EarthWhere® 4.3 in October. The company has also experienced great success with its patented spatial decision support system, Signature Analyst®, and has used the product since 2002 to support government and commercial organizations. In May, SPADAC launched Signature Analyst Desktop Version 3.0, the first licensable version of the product.
In addition to ranking on Deloitte’s Technology Fast 500, SPADAC ranked fifth on the Virginia Technology Fast 50, which celebrates the 50 fastest-growing technology firms in Virginia. Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from 242 to 138,762 percent over five years, with an average growth rate of 3,043 percent.
“Each company on Deloitte’s Technology Fast 500 is an innovator with an exceptional five-year track record of growth,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “SPADAC has earned its position among the fastest-growing companies in North America and we are proud to honor this important accomplishment.”
SPADAC has a history of strong growth. Based on its percentage growth in revenues from 2002 to 2004, the company was honored in 2005 as one of Deloitte’s 25 “Rising Star” companies. Also that year, SPADAC was ranked as the fastest-growing technology company in Virginia and the 11th fastest-growing technology company in North America.
About SPADAC Inc.A leader in the fusion of spatial intelligence and predictive analytics, SPADAC enables organizations to make objective and confident decisions in the face of complex operational and business challenges. The company’s unique approach combines actionable spatial information, human terrain and social networking elements with innovative predictive analytics technologies. This process ensures that SPADAC’s subject matter experts, proven methods and patented technologies come together to minimize risk, maximize opportunities and significantly increase organizational resiliency and the likelihood of success for a diverse client base. Headquartered in McLean, Va., with operations globally, SPADAC supports customer organizations within defense, intelligence, homeland security, civilian government and commercial markets. For more information about SPADAC, please go to www.spadac.com.
About DeloitteAs used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.comm/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.