Five-Year Sales Growth of 207% Places ABT 28th on This Year’s Regional List
Newtown Square PA , October 1, 2001 – ABT, Inc. has been named to the Deloitte & Touche Technology Fast 50 Program for Eastern Pennsylvania, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues from 1996-2000 (five-year period).
ABT’s President and CEO David Moldoff credits ABT employees and clients with the company’s 207 percent revenue growth over the past five years. “It takes teamwork within our company to develop great software, and it takes teamwork with clients and users to implement that software as a solution. At ABT, we value good people who want to work as part of a team focused on developing and delivering technology solutions for educational institutions. As our tagline says, we believe that ‘Together we can do anything.’
“The Deloitte & Touche Technology Fast 50 recognizes and honors the fastest growing regional technology companies whose leaders have the vision and determination to beat the odds and build companies that contribute to the world with long-term solutions,” says Michael Purcell, Partner, Technology & Communications Practice, Deloitte & Touche.
ABT’s increase in revenues of 207 percent over the five-year period of 1996 to 2000 resulted in a 28th- place ranking overall in the Fast 50 for Eastern Pennsylvania. To qualify for the Deloitte & Touche Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and at least $1,000,000 in 2000; must be public or private companies headquartered in Eastern Pennsylvania; and be “technology companies” defined as companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology.
Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation’s top 500 fastest-growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com.
About ABT (www.abtcampus.com)
ABT is headquartered in Newtown Square, located about twenty miles west of Philadelphia, Pennsylvania. A privately held company founded in 1976, ABT is a pioneer in the development of software and information management services for the education market. Market acceptance of ABT’s integrated, Web-enabled PowerCAMPUS administrative- and student-information systems enabled the Company to achieve 207% revenue growth from 1996 to 2001, placing ABT 28th among the Deloitte & Touche Technology Fast 50 in the region. A Microsoft Certified Solution Provider, ABT solution partners include Microsoft Great Plains for finance and human resource applications; the CUES PowerFAIDS financial-aid application from The College Board; and Compaq’s iPAQ for ABT’s mobile computing applications.
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 to more than 100 U.S. cities. The firm is dedicated to helping our clients and people excel. Known as an employer of choice for its innovative human resource programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for four consecutive years. 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.us.deloitte.com.