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News Room TicketNetwork Ranks #1 on Deloitte Technology Fast 50 List and Is Named a Finalist for UHY LLP Connecticut Tech Top 40 Award October 23, 2008, Vernon, CT - TicketNetwork, the leading source for the ticket industry's most comprehensive inventory, today proudly announced that it has garnered two significant honors ranking first on the Deloitte Fast 50 list and is a finalist for the UHY LLP Connecticut Tech Top 40 award. These honors come on the heels of another award win in August 2008, when TicketNetwork ranked number twenty-seven on Inc Magazine's annual ranking of the 5,000 fastest-growing private companies in the country. TicketNetwork has achieved 111,580% growth over a five year period. "The entire TicketNetwork team is ecstatic and deeply honored in being recognized for our efforts in successfully growing a business from the ground-up and rapidly establishing multiple revenue channels in a highly dynamic, expanding sector," said Don Vaccaro, CEO of TicketNetwork. "The secondary ticket market has evolved into a solid, reputable industry due to the transparencies of the Web and legislative changes on state levels. TicketNetwork has been positioned at the forefront of this evolution, by providing ticket brokers with software to make their businesses more efficient and profitable. The brokers' embracement of our web-based technology has enabled us to aggregate their ticket inventory online and become one of the leading web sites providing tickets for consumer purchase," added Vaccaro. "We thank Deloitte and the Connecticut Technology Council for these tremendous accolades," said Vaccaro. "To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years," said Kevin Buckley, Technology Fast 50 Program Director, Deloitte Services LP. "TicketNetwork has proven to be one of the fast-growth success stories in New York, New Jersey, and Connecticut and we applaud their dedication to making their vision a reality," added Buckley. Deloitte's Technology Fast 50 ranks the 50 fastest growing technology, media, telecommunications, and life sciences companies in fourteen regions in the United States and Canada. Both programs are based on fiscal year revenue growth over five years (2003-2007). "TicketNetwork is a shining example of how a home grown company can excel in Connecticut and dominate its respective industry," said Matthew Nemerson, president and CEO, Connecticut Technology Council. "The bar measuring TicketNetwork's revenue growth has been set very high this year. We congratulate Don Vaccaro and his superb team in making TicketNetwork the premiere source for tickets," added Nemerson. The UHY LLP Tech Top 40 continues a tradition of honoring the state's fastest growing companies on the basis of revenue growth. The Connecticut Technology Council UHY LLP awards program recognizes forty fastest growing companies in Connecticut on the basis of revenue growth over four years, with a first year revenue requirement of $50,000 and minimum revenues of $3 million in the fourth year. About TicketNetwork TicketNetwork is the leading source for the most comprehensive selection of tickets at competitive prices. It is the world's leading provider of real-time ticket inventory and sells sought after tickets to concert, sporting, and theater events throughout North America. TicketNetwork's inventory includes more than $1 billion in tickets to 82,000 events worldwide. TicketNetwork's properties include: TicketLiquidator.com, TicketNetwork Direct, TicketNews, Ticket Summit 2009 and TicketNetwork point-of-sale solutions. TicketNetwork.com was founded in 2002 and is headquartered in Vernon, Connecticut. For more information, visit www.ticketnetwork.com. About Deloitte As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. About UHY LLP UHY LLP is a licensed independent CPA firm that performs attest services for UHY Advisors, Inc. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities have more than 1300 professionals providing services from 23 offices across the United States. UHY Advisors, Inc. and its subsidiaries are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are independent members of UHY International. www.uhyllp-us.com About The Connecticut Technology Council, Inc. The Connecticut Technology Council is the state's industry association for the technology sector. CTC's mission is to "connect people, ideas and opportunities to the global technology and innovation community." CTC provides members with business assistance and specialized programs, in addition to promoting and supporting public policies that position Connecticut to have a globally recognized "culture of innovation" that helps attract great ideas and entrepreneurs to in turn develop new jobs and wealth for the state. www.ct.org |
