MINNEAPOLIS, Oct. 26 /PRNewswire/ -- XATA Corporation (Nasdaq:
XATA), a leader in fleet optimization software and services,
announced today that it earned the rank of 363 on the Technology
Fast 500™ list, which is Deloitte's ranking of 500 of the fastest
growing technology, media, telecommunications, life sciences and
clean technology companies in North
America. Rankings are based on percentage of fiscal year
revenue growth from 2005 to 2009. XATA's annual revenue grew 238
percent during this period.
"We are honored to be recognized by Deloitte in its Technology
Fast 500™ listing," said Jay
Coughlan, chairman and chief executive officer, XATA
Corporation. "The growth the company reported during the four-year
period represents our ability to capture increasing market share in
the trucking industry by leveraging our position as a leading
compliance-driven, driver-centered technology solution. Our
long-term focus remains on providing the industry with a single
source for all its fleet operations needs."
"XATA and the other 2010 Technology Fast 500™ winners forged
ahead in a challenging economic environment to realize exceptional
growth," said Phil Asmundson, vice
chairman and Deloitte's U.S. technology, media and
telecommunications leader. "Deloitte commends XATA for this
impressive accomplishment."
"XATA has proved itself to be one of the fastest growing tech
companies in North America, and we
are proud to honor them as one of the 2010 Technology Fast 500™,"
said Mark Jensen, managing partner,
venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue
growth ranging from 146 percent to 164,079 percent from 2005 to
2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500™ including
selection and qualifying criteria, visit www.fast500.com.
About XATA
XATA Corporation is the expert in optimizing truck-fleet
operations by reducing costs and ensuring regulatory compliance.
Our on-demand software and services help companies manage fleet
operations, enhance driver safety and deliver a higher level of
customer satisfaction. Offered through a monthly subscription
service, XATA software solutions can affordably oversee every truck
in an organization's fleet. XATA also provides expert services to
develop the business processes required to deliver the
profitability, safety and service levels demanded by today's
competitive transportation environments.
Based in Minneapolis,
Minnesota, XATA revolutionized the trucking industry by
being the first to introduce electronic driver logs and
exception-based management reporting. Our XATANET solution provides
our customers with access to their vehicle data anywhere, anytime.
XATA Turnpike provides PDA-based fleet management capabilities for
little or no upfront costs.
As used in this document, "Deloitte" means Deloitte LLP. Please
see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries.
SOURCE XATA Corporation
Copyright . 26 PR Newswire