FOR IMMEDIATE RELEASE:
Recognized as One of the Fastest Growing Technology Companies in NJ for Second Year
Fairfield, NJ – (August 10, 2006) - Archive Systems, the premier provider of on-demand document management services, has been named as one of the 50 fastest growing technology companies in New Jersey by Deloitte & Touche USA LLP in its Technology Fast 50 Program. This marks the second year in a row that Archive Systems has been included in this elite group. Rankings are based on the percentage of revenue growth over five years from 2001–2005.
Archive Systems is being recognized today at an awards ceremony and the company will also be profiled in a special insert in The Newark Star Ledger. As a Technology Fast 50 member, Archive Systems is also nominated for consideration in the Technology Fast 500, which honors the 500 fastest growing North American technology companies.
"Being named to the Technology Fast 50 list for the second year in a row is quite an accomplishment for Archive Systems," stated Rick Kushel, Chairman & CEO of Archive Systems. "We attribute our continual growth to many factors including the outstanding commitment of our employees and a greater demand for our services by companies looking to transform their business through on-demand document solutions."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and own 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. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
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Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S.,
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About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.
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