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RNDC Raindance Communications (MM)

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Share Name Share Symbol Market Type
Raindance Communications (MM) NASDAQ:RNDC NASDAQ Common Stock
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Raindance Communications Named One of North America's Fastest Growing Technology Companies in Deloitte's Technology Fast 500 Pro

21/10/2005 12:55pm

Business Wire


Raindance Communications (NASDAQ:RNDC)
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Raindance Communications, Inc. (NASDAQ: RNDC), the leader in integrated multimedia conferencing services and support, today announced that it has been named to Deloitte's Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on percentage revenue growth over five years from 2000 to 2004. Raindance grew 318 percent during this period, ranking it number 409 on the list. "We are very proud to be recognized in Deloitte's Technology Fast 500 for the third consecutive year, as well as being only one of two Web conferencing companies honored," said Don Detampel, CEO of Raindance. "We credit our success to Raindance's completely integrated audio, Web and video conferencing that makes remote communication as easy as walking down the hall for a meeting. We thank our customers and our employees for their contribution to this achievement." In addition to ranking on Deloitte's Technology Fast 500, Raindance ranked 13th on the Colorado Technology Fast 50, which is a ranking of the 50 fastest-growing technology firms in Colorado. "Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company's product and its leadership," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Raindance Communications has shown the right stuff for growth." Fast 500 Selection and Qualifications The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500 and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD. Entrants must be headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology 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 in a unique way does not qualify. About Raindance Communications Raindance Communications, Inc. (NASDAQ: RNDC), the leader in integrated multimedia conferencing services and support, brings an entirely new level of simplicity and interaction to remote meetings and events. Its suite of best-in-class services, Raindance Seminar Edition and Raindance Meeting Edition, redefine the everyday meeting experience. Thousands of corporate customers currently use Raindance's technology to more effectively communicate with colleagues, vendors, customers and partners around the world. For more information, please visit www.raindance.com or call 800-878-7326. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This release contains forward-looking statements, including expectations regarding implications of continued growth at historical rates, future company and service performance, market acceptance and customer adoption and increased use of our services. These statements are subject to risks and uncertainties, which could cause future events to differ materially. These risks and uncertainties include the failure or interruptions in the software, systems or network underlying Raindance's services, competition from presently existing and new competitors, price pressure, and difficulties adopting new customers and increasing customer usage our services. Additional information concerning factors that could cause actual results to differ materially from those contained in the forward-looking statements can be found in Raindance Communications' filings with the Securities and Exchange Commission. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. Raindance Communications assumes no obligation to update the forward-looking statements included in this document. Raindance, Raindance Communications, SwitchTower and OpenGo and our logo are trademarks or registered trademarks of Raindance Communications, Inc. All other company names and products may be trademarks of their respective companies.

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