Chicago, December 19, 2000 - Selkirk Financial Technologies Inc., a leading developer of treasury management systems and technology, announced today that it landed the 275th spot on the Deloitte & Touche Technology Fast 500 - a ranking of the 500 fastest-growing technology companies in North America.
Rankings for this year's Fast 500 are based on five-year percentage revenue growth from 1995-1999. Selkirk grew 1,315 percent during this period, placing itself on the illustrious Fast 500 for the first time.
James W. Suttie, Selkirk's president and chief executive officer credits the company's tremendous growth to the dedication and commitment of its employees.
"Selkirk's success and reputation are due to the tremendous synergy between Selkirk and it's clients and partners, a direct result of the creativity and ingenuity of its employees," said Suttie.
"Being recognized as one of the Fast 500 is a great achievement for Selkirk and reinforces our strategic direction and market potential," remarked Suttie.
"For our clients and partners, this means they're working with a firm that has gained the support of the industry, financers, and Fortune 2000 companies."
"The vision, drive and determination of the leaders and employees at Selkirk Financial Technologies have proven that they have the fortitude to excel in the highly competitive technology industry," said Mark A. Evans, managing director of Deloitte & Touche's Technology & communication Group. "We applaud their dedication to excellence while maintaining fast-paced growth and commend them for making the Deloitte & Touche Technology Fast 500 in North America."
About Selkirk Financial Technologies
Selkirk Financial Technologies Inc. is a leading provider of cash, treasury management and eCommerce solutions. Selkirk's client list, including IBM Corp., Federal Express, MasterCard International, Lexmark International and Starbucks Coffee Co., reads like a Who's Who of North American businesses. Selkirk's solutions help organizations manage and optimise cash, financial transactions and financial risk. Founded in 1988, Selkirk maintains offices in Chicago, Atlanta, Boston, Dallas, Seattle, and Vancouver. Selkirk was recently awarded the Profit 100 Award as well as the Fast 50 Award for the second year in a row.
Fast 500 Selection and Qualifications
In its selection of the 2000 Fast 500, Deloitte & Touche's team reviewed financial records for more than 5,000 public and privately held technology companies. To qualify, companies must: (1) 1 have had 1995 revenues of at least $50,000; (2) be headquartered in the United States or Canada; and (3) be a "technology company." "Technology company" is defined as one that develops proprietary technology which contributes to a significant portion of the company's operating revenues, manufactures a technology product, or devotes a high percentage of effort to the research and development of technology.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to exceeding the expectations of its clients and its people. Known as an employer of choice for its 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 three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 90,000 people in over 130 countries.