FOR IMMEDIATE RELEASE:
Recognized As One of the Fastest Growing Technology Companies in NJ
Fairfield, NJ – (August 1, 2005) - Archive Systems,
the premier provider of Document Process Outsourcing (DPO) services, was named by Deloitte as one
of the 50 fastest growing technology companies in New Jersey.
Archive Systems will be recognized at an awards ceremony on Thursday August 11, 2005 and will be
profiled in a special insert in the Star Ledger, to be distributed in the newspaper that day.
As a Techology Fast 50, Archive Systems is also nominated for consideration in the Technology
Fast 500, which honors the 500 fastest growing North American technology companies.
"We have worked hard to strengthen our company and increase our growth over the past 14 years by
bringing in passionate employees and greatly expanding our services," stated Rick Kushel,
President & CEO of Archive Systems. "We are uniquely positioned to provide organizations with
a breakthrough, zero touch solution for paper processing that eliminates risk, removes paper
friction points, reduces operational costs and increases process efficiencies. In today's
economy, intense pressure drives the need to cut costs and streamline the back office, and
Archive Systems offers an incredibly appealing new alternative solution."
Winners are selected from nominations and extensive research. To qualify for the Fast 50 a
company must own proprietary technology that contributes to a significant portion of the
company’s operating revenues and devote a significant proportion of operating revenue to
research and development of technology. In addition, operating revenues must be at least
$50,000 for 2000 and at least $1,000,000 for 2004 and be in business for a minimum of five
years.
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 Tax LLP, and their subsidiaries), and not by Deloitte & Touche
USA LLP.
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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