ROCKVILLE, Md., Oct. 25 /PRNewswire/ -- OTG Software (Nasdaq: OTGS), a
leading provider of online data storage, data access and email management
solutions, announced today that it has been named to the Deloitte & Touche
Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing
technology companies in the area, for the third time. Rankings are based on
the percentage of growth in revenues from 1996-2000.
OTG Software president and CEO, Richard Kay, credits OTG's strong business
model -- driven by powerful channel sales and ROI-focused storage and access
solutions -- with the company's 492 percent revenue growth over the past five
"We are thrilled that OTG is once again recognized as a Technology Fast 50
company, which resulted from the continued execution of our strategy and
business goals," said Kay. "Our growth illustrates that companies and
organizations from Legg Mason Wood Walker to NASA Goddard Space Flight Center
continue to see the value of using OTG solutions to store and access virtually
any type of mission critical business information."
"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," said Gary Tabach, Partner in Charge,
Technology & Communications Practice, Deloitte & Touche.
OTG's increase in revenues of 492 percent over the five-year period of
1996 to 2000 resulted in a 26 ranking overall in the Deloitte & Touche
Technology Fast 50 for Maryland.
To qualify for the Deloitte & Touche Technology Fast 50, companies must
have had operating revenues of at least $50,000 in 1996 and $1,000,000 in
2000, must be public or private companies headquartered in Maryland, and be
"technology companies" -- defined as companies that produce technology,
manufacture a technology product or devotes a high percentage of effort to
research and development of technology.
Winners of the 21 regional Deloitte & Touche Technology 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 Technology
Fast 50 or Fast 500 programs, visit http://www.fast500.com .
About OTG Software
OTG Software provides next-generation data management and collaboration
solutions that virtualize storage for any type of data, including files,
messages and databases, while providing easy and transparent access. OTG's
application-oriented approach supports all platforms with open architecture
solutions that scale from the department to the enterprise, and integrate
seamlessly to store, track and retrieve information. Headquartered in
Rockville, Maryland, the company has a customer base of over 15,000
organizations and a global network of VARs, distributors, and OEMs. Infinite
Storage. Immediate Access.(TM) http://www.otg.com .
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services
firms, provides assurance and advisory, tax, and management consulting
services through nearly 30,000 people in more than 100 U.S. cities. The firm
is dedicated to helping our clients and our people excel. Known as an employer
of choice for 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 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 http://www.us.deloitte.com .
This press release contains forward-looking statements within the meaning
of the federal Private Securities Litigation Reform Act of 1995. Statements
contained herein that are not statements of historical fact may be deemed to
be forward-looking information. Without limiting the foregoing, references to
future growth or expansion are forward-looking, and words such as
"anticipates," "believes," "could," "estimate," "expect," "intend," "may,"
"might," "should," "will," and "would" and other forms of these words or
similar words are intended to identify forward-looking information. You should
read statements that contain these words carefully because they discuss our
future expectations, contain projections of our future results of operations
or of our financial position or state other forward-looking information. There
may be events in the future that we are not able to predict or control
accurately, and any forward-looking statements are subject to risks and
uncertainties that could cause our actual results to differ materially. These
risks and uncertainties include: (i) the ability to recruit and retain
qualified technical and other personnel in a highly competitive market, (ii)
market acceptance of our new and future products, (iii) the growth and
adoption rate of Windows NT, Windows 2000, UNIX and Linux (iv) growing
competition and (v) our ability to maintain and manage our growth. We
undertake no obligation to update or supplement this information. For
additional information regarding risk factors that could affect our future
results, please refer to the discussions of "Risk Factors" in our Annual
Report on Form 10-K for the year ended December 31, 2000, filed with the SEC
on March 7, 2001, and our Quarterly Report on Form 10-Q for the quarter ended
June 30, 2001, filed with the SEC on August 13, 2001.
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SOURCE OTG Software