PLEASANTON, Calif., Nov. 15, 2012 /PRNewswire/ -- Equity Administration Solutions, Inc. ("EASi"), today announced it is number 310 on Deloitte's 2012 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The advantages of recurring revenue from its Software-as-a-Service model along with strong new client growth and higher revenue per client contributed to EASi's stellar growth. EASi's GAAP revenue grew 244 percent from 2007 to 2011, resulting in EASi being honored on this prestigious list two years in a row.
"Managing equity compensation is fraught with risk, exposure and manual processes that we help our clients navigate," said Carine Schneider, EASi's Chief Executive Officer. "EASi's growth continues to accelerate because we are solving increasingly complex regulatory, compliance, administration and tax challenges for the largest multinational companies, headquartered around the world. The innovation and automation we bring to stock plan recordkeeping, accounting and reporting keeps our solution in high demand."
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, Vice Chairman, Deloitte LLP and its U.S. Technology, Media and Telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and National TMT Leader for Deloitte's Audit and Enterprise Risk Services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of EASi for this impressive accomplishment."
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Equity Administration Solutions, Inc. www.easiadmin.com is the largest independent stock plan software technology company in the world. EASi enables clients to work with the broker of their choice so they can benefit from the best trading execution and wealth management solutions. EASi's technology provides connectivity to the largest broker-dealers in the world. A SaaS company, EASi set the standard in stock plan solutions with its comprehensive industrial strength platform that handles all the accounting, tax, administration, participant services and compliance needs of companies that grant equity awards. Headquartered in Pleasanton, CA, EASi serves more than 750 companies on five continents in over 20 countries and continues to lead the industry with second-to-none solutions in areas including ASC718 (FAS123R), IFRS2, Performance Awards, material modifications and WorkStream process automation. In 2011 and 2012, EASi has been ranked on Deloitte's Technology Fast 500™, the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
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SOURCE Equity Administration Solutions, Inc.