Company Attributes 658% Revenue Growth to Patented CORE™ Platform and Strong Client Relations

SAN FRANCISCO, October 20, 2009 – Recommind, the leader in search-powered Information Risk Management (IRM) software, today announced that it ranked number 251 on the 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. Recommind’s revenue grew 658% during this period.

Recommind CEO Robert Tennant attributed his company’s rapid growth to its superior information risk management (IRM) technology and keen focus on client relations.

“Recommind offers the most effective solutions for the urgent, costly and widespread problems that arise when companies amass large stores of data,” Tennant said. “Demand for our IRM software has accelerated alongside the growth in eDiscovery and regulatory activity and the realization that legacy search solutions are not delivering the information employees need to work effectively. Our clients also appreciate our collaborative, partnering approach from the first contact through implementation and beyond. Information management is a complicated, evolving challenge; by working closely with our customers to help them utilize powerful technology to maintain their competitive edge, we will continue to experience rapid growth for years to come.” 

Recommind’s applications for enterprise search, email management, records management, eDiscovery and compliance are powered by the company’s unique CORE™ (Context Optimized Relevancy Engine) platform, which automatically identifies distinct concepts contained within a document or data set, regardless of the language or subject. Recommind software enables Fortune 500 enterprises and professional service firms to mitigate information risk while lowering costs and maintaining productivity.

“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 Recommind on this accomplishment."

“With its impressive five-year growth, Recommind 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 Recommind 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.

Deloitte’s 2009 Technology Fast 500™ Selection and Qualifying Criteria 

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.

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