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Press ReleaseWorld Software Corporation World Software
Corporation has been Recognized as One of the
Ridgewood, NJ, November 20, 2000 – World
Software Corporation today announced that it is ranked Number 434
on the 2000 Deloitte & Touche Technology Fast 500, a
ranking of the 500 fastest-growing public and private technology
companies in North America. Rankings are based on five-year percentage
revenue growth from 1995-1999.
World Software has had 716 Percent Revenue Growth over a
five-year period due to the growing demand for its flagship product,
WORLDOX®, a Document Management System.
This constitutes an average growth of over 140% per year. World Software Corporation focuses specifically on meeting the unique needs of the legal market. WORLDOX incorporates document management, e-mail management, extranet capability and integration with leading case management, imaging and time management software.
Thomas
W. Burke, President and CEO, attributes World Software’s sustained
revenue growth to the increasing demand for document management
technology in law firms, the company’s primary customer base. He said, “For 13 years, World Software Corporation
has been dedicated to the unique needs of the legal market. Law firms are increasingly acknowledging the
critical role of document management in their day-to-day operation,
and WORLDOX is providing them with a real and affordable solution.” Mark A. Evans, Managing Director of Deloitte & Touche Technology & Communications Group, personally recognized World Software. Evans said, “With its ranking on the prestigious Deloitte & Touche Technology Fast 500, World Software’s leaders have proven that they have the vision and the fortitude to excel in the highly competitive technology industry. We congratulate them on becoming one of the 500 fastest-growing technology companies in the U.S. and Canada.” Other Fast 500 winners include such companies as Yahoo, Doubleclick, Red Hat, America Online, WorldCom, and QUALCOMM. In addition to ranking on the 2000 Deloitte & Touche Technology Fast 500, World Software ranked 17th on the 2000 Deloitte & Touche New Jersey Fast 50, which is a ranking of the 50 fastest-growing technology firms in New Jersey. In October 2000, World Software Corporation was also named to the Inc. Magazine “Inc. 500” list of fastest-growing private companies in the United States. World Software is ranked 378th. The company also received Inc.’s highest profitability rating as our gross profit exceeded 16% of revenue.
In
September 2000, the Association of Legal Administrators, one of
the largest and most respected legal trade organizations, selected
World Software over its competitors to participate in their Value
in Partnership (“VIP”) program. WORLDOX was selected because it
is affordable, reliable and easy to administer. Fast 500 Selection and QualificationsIn
its selection of the 2000 Fast 500, Deloitte & Touche’s team
reviewed financial records for more than 5,000 public and privately-held
technology companies. To
qualify, companies must: (1) have had 1995 revenues of at least
$50,000; (2) be headquartered in the United States or Canada; and
(3) be a “technology company.” “Technology company” is defined as one that
develops proprietary technology which contributes to a significant
portion of the company’s operating revenues, manufactures a technology
product, or devotes a high percentage of effort to the research
and development of technology. About
World Software Corporation™ and Thomas W. Burke Since
1988, World Software Corporation has set the pace in the evolving
field of document management for law firms, delivering the most
reliable, cost-effective, and easy-to-use systems available. World
Software’s flagship product, WORLDOX®, delivers powerful document
management technology for PC users in the legal field.
World Software is led by its President, Thomas W. Burke,
a technology industry veteran who originally entered the tech scene
at IBM where he worked for 10 years. Burke left IBM and founded World Leasing Corporation, a computer
leasing company that successfully tapped into the lucrative computer
leasing market in the 1980’s and 1990’s.
World Leasing was also an Inc. 500 winner in 1985
and 1986. About Deloitte & Touche
Deloitte & Touche, one of the nation’s leading professional service firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 cities. The firm is dedicated to exceeding the expectations of its clients and its people. Known as an employer of choice for its 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 three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world’s leading professional services firms, with more than 90,000 people in over 130 countries. ###
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