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CORESense, Inc. Named Rising Star in Deloitte's Technology Fast 50 Program for New York
SARATOGA SPRINGS, NEW YORK - NOVEMBER 3, 2005 - CORESense, Inc., the leading provider of On Demand Retail Management Software, has been named a Rising Star in Deloitte's prestigious Technology Fast 50 program for New York .
The Rising Star award is a special designation for fast-growth technology companies that have been in business just three or four years and is part of the New York Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in the state. Rankings are based on percentage revenue growth over three or four years (2001-2004).
"The Deloitte New York Technology Fast 50 Rising Star companies have shown the strength, vision and creativity to succeed despite a very challenging technology environment," said Ed Moran, a director at Deloitte Services LP who leads the product innovation group and is the chairperson of the New York Technology Fast 50. "We applaud the successes of CORESense, and are pleased to honor them with the special distinction of being the only company to be awarded the Rising Star in New York this year. They are one of the few to accomplish such a fast growth rate over the past three years."
CORESense CEO Jason Jacobs credits a talented, dedicated team and industry leading solution for the company's 633 percent revenue growth from 2001 to 2004. "We are honored to be recognized by Deloitte and the New York Technology Council for our strong performance," said Jacobs. "Our focus is to enable increased revenue and decreased operating costs to our customers. As a result, we have become the leading on demand retail management software provider to many of the country's multi-channel retailers."
To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2001 and $1,000,000 in 2004, be headquartered in North America, and 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.
Rising Star winners are automatically entered in Deloitte's Technology Fast 500 Rising Star category. Deloitte's Technology Fast 500 program ranks North America 's top 500 fastest growing technology companies based on percentage revenue growth over five years (2000-2004). Its Rising Star ranking is based on percentage revenue growth over three or four years (2001-2004). For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
CORESense is a leading SaaS-based retail system company serving small to medium-sized specialty retailers in selling hard and soft goods including sporting goods, apparel and accessories, shoes and wine. Founded in 2000, CORESense's mission is to create a competitive advantage for SMRs by providing them access to a single, fully integrated multi-channel retail management system with the features and function needed to compete and win in today's demanding marketplace in a software-as-a-service delivery model that fits their business and their budget. The CORESense solution is the first and only SaaS-based retail management system that supports an entire retail business from brick-and-mortar retailing to ecommerce to merchandising and back office operations management to customer relationship management in one fully integrated web-accessible solution. It is the preferred retail management solution of small to medium-sizes retailers who need a powerful and fully integrated enterprise-grade solution to achieve their business goals. CORESense has offices nationally and is headquartered in historic Saratoga Springs, N.Y. For additional information about CORESense and our market leading solution visit us a www.CORESense.com or call (866) 229-2804.
"I was impressed at how CORESense was everything we needed in one solution. It wasn't necessary to piece together our business with software X doing this function, and software Y doing this other function."
"CORESense provides the tools, expertise and best practices to help us succeed. They are an amazing company and two steps ahead of the market with their features and functionality."