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DELOITTE & TOUCHE NAMES RadView SOFTWARE ONE OF NEW ENGLAND'S
FASTEST GROWING TECHNOLOGY COMPANIES IN DELOITTE & TOUCHE TECHNOLOGY FAST
50 PROGRAM
For The Second Consecutive Year, RadView Receives Fast 50 Honors
BURLINGTON, MA – September 23, 2003 - RadView™ Software Ltd.
(Nasdaq: RDVW), a leading provider of solutions for verifying the performance,
scalability and integrity of business-critical Web applications, has been named
to Deloitte & Touche's Technology Fast 50 program for the New England
Region, a ranking of the 50 fastest growing technology companies in the area by
Deloitte & Touche LLP, one of the nation's leading professional services
firms. The ranking is based on the percentage of growth in fiscal year revenues
from 1998 to 2002.
RadView Software's CEO, Ilan Kinreich credits the company's success to
delivering products that adhere to open standards that enable developers, QA
professionals and performance engineers to collaborate on testing complex Web
applications; offering broad support on multiple platforms and technologies,
and providing flexible, affordable licensing programs to meet customers
business objectives.
"RadView's focus on customer needs has earned us this spot on Deloitte &
Touche's Technology Fast 50," said Kinrech. "From incorporating into our
leading edge products and continuing to invest in research and development, we
believe that RadView produces the best technology value for testing Web
applications. This customer-centric approach is key to our business success."
RadView's increase in revenues from 1998 to 2002 resulted in a second
consecutive year of inclusion in the Technology Fast 50 for the New England
region. The average increase in revenues among the companies in this year's
Fast 50 for this region is 1858 percent.
To qualify for the Technology Fast 50, companies must have had operating
revenues of at least $50,000 in 1998 and $1,000,000 in 2002; must be public or
private companies headquartered in North America, be a "technology company"
defined as owning proprietary technology that contributes to a significant
portion of the company's operating revenues (using other company's technology
in this way does not qualify); and/or devoting a significant proportion of
revenues to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and
Canada are automatically entered in the Deloitte & Touche Technology Fast
500 program, which ranks North America's top 500 fastest growing technology
companies. For more information on Deloitte & Touche's Fast 50 or Fast 500
programs, visit www.Fast500.com.
About RadView Software Ltd.
RadView™ Software Ltd. (Nasdaq: RDVW) is a leading provider of solutions for
verifying the performance, scalability and integrity of business-critical Web
applications. Deployed at over 1300 customers worldwide from major industries
such as financial services, retail, manufacturing, education and technology,
RadView's award winning products enable customers to reduce costs while
improving the quality of its Web applications throughout the development
lifecycle. Corporate offices are located in Burlington, MA. For more
information visit localhost/radvie20 or call 1-888-RadView.
About Deloitte & Touche
Deloitte & Touche, 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 80 U.S. cities. The firm is dedicated
to helping its clients and its 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 six consecutive years. Deloitte & Touche refers to Deloitte &
Touche LLP and related entities. Deloitte & Touche is the US 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.
| Media Contacts |
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Beth Clark
RadView Software
781-238-1133
bclark at RadView.com |
Stefan Spazek
Deloitte & Touche
617-437-3717
sspazek at deloitte.com
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Statements concerning RadView's business outlook or future performance;
anticipated revenues, expenses or other financial items; product introductions
and plans and objectives related thereto; and statements concerning assumptions
made or expectations as to any future events, conditions, performance or other
matters, are "forward-looking statements" as that term is defined under U.S.
Federal securities laws. Forward-looking statements are subject to various
risks, uncertainties and other factors that could cause actual results to
differ materially from those stated in such statements. These risks,
uncertainties and factors include, but are not limited to: our limited
operating history and history of losses; market acceptance of our products;
ability to develop new products and enhance existing products; impact of
significant competition; and other factors detailed in RadView's filings with
the Securities and Exchange Commission. RadView assumes no obligation to update
the information in this release. RadView, WebLOAD, WebRM, and WebFT are
trademarks of RadView Software Ltd. Other names may be trademarks of their
respective owners.
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