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September 29, 2003
RAF Technology Selected for
Deloitte & Touche Technology Fast 50 for the Fourth Time
Redmond, WA – September 29, 2003 – RAF
Technology, Inc. today announced that it was again
selected for the Deloitte & Touche Washington Technology
Fast 50, a ranking of the 50 fastest-growing technology
companies in Washington State. Rankings are based on
revenue growth over a five-year period, from 1998-2002.
RAF grew 94 percent during this period and ranks 41st on
the list.
RAF's CEO, Dr. Neal D. Hulkower,
credited RAF’s industry leading technology as well as
the dedication of its employees not only for the Fast 50
distinction, but also for RAF’s record revenues in 2002.
He said, “We are pleased to be chosen by Deloitte &
Touche for this honor for the fourth time in our
history.” RAF holds pivotal positions in both the mail
sorting and authentication fields.
To succeed during prosperous times is
one thing; to succeed in adversity is much more
challenging, and that’s exactly what the Deloitte &
Touche Technology Fast 50 winners have done. “We applaud
RAF Technology for its tremendous accomplishments during
economically challenging times and for being one of the
elite Fast 50 companies in Washington,” said Larry Hile,
Technology, Media, & Telecommunications, Partner of
Deloitte & Touche’s Washington State Technology Fast 50.
Fast 50 Selection and Qualifications
To qualify for the Technology Fast 50, companies must
have had operating revenues of at least $50,000 in 1998
and $1,000,000 in 2002, must be public or private
companies headquartered in North America, and be a
"technology company" defined as owning proprietary
technology that contributes to a significant portion of
the company's operating revenues (using other companies'
technology in a unique way does not qualify); and/or
devoting a significant proportion of revenues to
research and development of technology.
About RAF Technology RAF Technology is
a privately held firm that provides business and
government with automated data capture and identity
verification technology. With address recognition
software deployed at all 240 U.S. Postal Service letter
sorting sites nationwide as well as commercial sites
worldwide, RAF’s software allows delivery point barcodes
to be printed on more than 3 billion pieces per month,
speeding mail delivery and saving the U.S. Postal
Service hundreds of millions of dollars. RAF’s personal
identity verification software authenticates first-time,
on-line applicants for federal programs at U.S.
Treasury’s Pay.gov web site. For more information on Raf
Technology, visit www.raf.com
About Deloitte & Touche Deloitte &
Touche, one of the nation’s leading professional
services firms, provides assurance and advisory, tax,
and management consulting services through nearly 30,000
people in more than 80 U.S. cities. The firm is
dedicated to helping its clients and its people excel.
Known as an employer of choice for innovative human
resources programs, Deloitte & Touche has been
recognized as one of the “100 Best Companies to Work For
in America” by Fortune magazine for six consecutive
years. Deloitte & Touche refers to Deloitte & Touche LLP
and related entities. Deloitte & Touche is the U.S.
national practice of Deloitte Touche Tohmatsu. Deloitte
Touche Tohmatsu is a Swiss Verein, and each of its
national practices is a separate and independent legal
entity. For more information, please visit Deloitte &
Touche’s web site at
www.deloitte.com/us. |
