XATA Ranked 363rd Fastest Growing Company in North America on Deloitte's 2010 Technology Fast 500(TM)
October 26 2010 - 8:19AM
PR Newswire (Canada)
MINNEAPOLIS, Oct. 26 /CNW/ -- 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(TM) 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(TM)
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(TM) 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(TM),"
said Mark Jensen, managing partner, venture capital services,
Deloitte & Touche LLP. Overall, Technology Fast 500(TM) 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(TM)
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. Karl Nilsson of XATA Corporation,
karl.nilsson@xata.com Web Site: http://www.fast500.com
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