Deloitte & Touche Honors L-Soft with its Maryland Technology Fast 50 Award
Landover, MD (October 17, 2000) – L-Soft, creator of the renowned LISTSERV® mailing list manager, was ranked as the 17th fastest growing technology company in Maryland by leading professional services firm Deloitte & Touche. The Maryland Technology Fast 50 award recognizes rapid growth among local technology companies. Founded in 1994, L-Soft is privately held and has been profitable since its inception. Over 1,500 customers use L-Soft solutions worldwide, including 34 of the Fortune 100 companies such as Microsoft, Compaq Computer and Lucent Technologies.
"We have come a long way since I flew to the U.S. and founded L-Soft with three thousand dollars and a laptop," says L-Soft CEO Eric Thomas. "We owe our success to the reliability and scalability of our offerings, and to our corporate culture that promotes diversity and encourages employees to develop to their fullest potential."
Thirteen languages are currently spoken at L-Soft, where 55 percent of employees are women (50 percent among the managers). L-Soft provides software and services for electronic newsletters, discussion groups, and personalized direct e-mail campaigns.
"In today's fast-paced world of technology, where multi-million dollar technology companies seem to appear overnight, it's an honor to be named one of the fastest growing technology companies," says Gary Tabach, Partner in Charge of Deloitte & Touche's Technology Communication Practice. "We commend L-Soft for making the commitment to technology and delivering on the promise of market longevity."
To qualify for the Maryland Technology Fast 50 award, a company must have had operating revenues of at least $50,000 in 1995 and $1 million in 1999, be a public or privately held company headquartered in Maryland, develop proprietary technology, experience explosive revenue growth, and invest in research and development.
Winners of the 21 regional Technology Fast 50 programs are automatically entered for the Deloitte & Touche Technology Fast 500, which recognizes the 500 fastest growing tech companies in the U.S. The results of this prestigious national award will be announced in the November 27, 2000, issue of Forbes ASAP
L-Soft specializes in the development of solutions for professional e-mail communication management. Since 1994, L-Soft has been the pioneer of the e-mail communication industry with LISTSERV®, the premier software for e-mail list management. L-Soft's technology is tailored for commercial usage, offering outstanding performance, reliability, and scalability. L-Soft's comprehensive outsourcing services and software applications facilitate the administration of e-mail lists, newsletters, and discussion groups. With more than 100 million subscriptions to LISTSERV lists worldwide, L-Soft is a business partner to 34 of the Fortune 100 companies, including Citigroup, Ford Motor, and IBM.
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 90,000 people in over 130 countries. Deloitte & Touche refers to Deloitte & Touche LLP, Deloitte Consulting LLC, and related entities. For additional information, please visit Deloitte & Touche's web site at www.us.deloitte.com
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