Pinnacle Technical Resources Named Rising Star in Deloitte’s Technology Fast 500 Program
11/21/2008 12:00:00 AM
Pinnacle Technical Resources Press Release
For Immediate Release
PR Contact: Jessica Narvaez, Pinnacle Technical Resources, (214)740-2424
Pinnacle Technical Resources Named Rising Star in Deloitte’s Technology Fast 500 Program
Attributes its 1337% Percent Revenue Growth to ProgataTM, Pinnacle’s proprietary, integrated web portal supporting recruiting, staffing, payrolling and vendor management operation
DALLAS, TX, 11/17/2008 — Pinnacle Technical Resources, Inc today announced that it ranked in the top 150 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007. Pinnacle grew 1337% during this period.
Pinnacle’s CEO, Nina Vaca, credits ProgataTM, the amazing employees of Pinnacle and the implementation of new technologies to bolster the company's internal system with the company’s 1337% revenue growth over the past five years. She said, "That's always been the secret to our success – leveraging technology as an enabler to our business, to run our business and to grow our business."
"Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate Pinnacle Technical Resources on this significant accomplishment."
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Pinnacle Technical Resources, Inc
Pinnacle is an award-winning information technology services provider with core service offerings in IT solutions, IT consulting and recruiting, clerical and administrative staffing, vendor management solutions, and payrolling. Since our founding in 1996, we have delivered quality business solutions to an array of Fortune 500 companies from a broad range of industries.
Pinnacle employs more than 2,000 contract technology professionals and provides information technology staffing, vendor management solutions and payroll services, and also does call center staffing. The company also has offices in California, Ohio, New York, Texas, and Virginia. Most of the clients Pinnacle works with are in the technology, financial, media, transportation, healthcare, retail and government sectors. Its clients include Verizon Wireless, AT&T, EDS, Pepsico, SBC, Lehman Brothers, Sun Microsystems, WellPoint and Merrill Lynch.
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.