Serus Corporation, a global provider of technology and managed services for companies with distributed or outsourced manufacturing operations, has been named to Deloitte's prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the region. Deloitte & Touche LLP, one of the nation's leading professional services organizations, ranks companies based on the percentage revenue growth over a five year period. Serus is ranked twenty third in the software and information technology category thanks to its impressive 1,055 percent growth rate. This is the second year in a row where Serus was recognized as a "Fast 50 Winner".
"Our selection to this prestigious list of technology leaders is a testament to strong customer adoption of Serus' Intelligent Operations Management software suite," said Indu Navar, Serus' CEO. "Our IOM suite eloquently solves operational challenges associated with outsourcing manufacturing. It is a pleasure and compliment to be part of this elite group."
"Fast-growing companies like Serus are proof that challenging economic times can also present great opportunities," said Mark Jensen, partner and national director of the Venture Capital Services Group for Deloitte in Silicon Valley. "The average growth rate of the 2008 list far surpasses the 2007 list, showing that growth and innovation are still very much a part of the Bay Area. We applaud the successes of Serus and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Silicon Valley and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP, Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, ABD Insurance and Financial Services and Cornish & Carry Client Solutions.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Serus Corp.
Serus Corporation is a global provider of technology and managed services for companies with distributed or outsourced manufacturing operations. Founded in 2001, Serus' solutions complement a company's existing IT investments with tools and services that synchronize business and manufacturing operations, helping accelerate corporate performance from product design to corporate profitability. Serus draws upon deep industry experience and knowledge to increase supply chain velocity and empower efficient decision-making across a global network of partners and customers. Based in Mountain View, Calif., Serus' customers include companies such as AMD, Cisco, Entropic, Flextronics, Avnet and Spansion as well as others in the fabless semiconductor and high-technology manufacturing markets. For more information, please visit http://www.serus.com.