@Road Ranks in the Top Five on Forbes List of 25 Fastest-Growing Technology Companies; Forbes Magazine Recognizes @Road for a 12
February 08 2006 - 6:30AM
Business Wire
@Road(R), Inc. (NASDAQ:ARDI), a global provider of next-generation
solutions for Mobile Resource Management (MRM), today announced
that it has ranked fourth on the Forbes Magazine Midas List of the
25 Fastest-Growing Technology Companies. @Road is ranked just
behind Google, ImClone Systems, and WebEx Communications and ahead
of such companies as Altiris, Ebay, Gilead Sciences, Genentech and
Navteq. This year's ranking for @Road is based on a 122% five-year
sales growth rate and marks the second year in a row that @Road has
ranked on the Forbes list. According to the Feb. 13, 2006, issue of
Forbes Magazine, to make The Midas List of the 25 Fastest-Growing
Technology Companies, a company must have a minimum of $25 million
in sales and have been profitable over the last 12 months.
Companies also must have had sales growth of 10% a year (or better)
for the last five years and consensus earnings forecasts of at
least 10% annualized growth over the next three to five years.
"We're in good company on the Forbes list for 2006," said Krish
Panu, @Road CEO. "Our ranking on the list is recognition of our
leadership and positive traction we've built in the MRM market. We
look forward to building on this momentum and future customer
demand for our innovative on-demand and licensed MRM solutions." To
view the Forbes 2006 Midas List of the 25 Fastest-Growing
Technology Companies, see the Feb. 13, 2006, edition of Forbes
Magazine or visit the Forbes.com Web site (requires free
registration) at:
http://www.forbes.com/business/forbes/2006/0213/068.html. About
@Road @Road, Inc. is a leading global provider of solutions
designed to automate the management of mobile resources and to
optimize the service delivery process for customers across a
variety of industries. @Road delivers Mobile Resource Management
solutions in three key areas: Field Force Management, Field Service
Management and Field Asset Management. By providing real-time
Mobile Resource Management infrastructure integrating wireless
communications, location-based technologies, transaction processing
and the Internet, @Road solutions are designed to provide a secure,
scalable, upgradable, enterprise-class platform, and are offered in
on-demand software delivery, on-premise or hybrid environments that
can seamlessly connect mobile workers in the field to real-time
corporate data. @Road is headquartered in Fremont, Calif., and has
a global presence with offices in North America, Europe and Asia.
For more information on @Road solutions, visit www.road.com. Except
for the historical information contained herein, the matters
discussed in this news release are forward-looking statements
involving risks and uncertainties that could cause actual results
to differ materially from those in such forward-looking statements.
These factors, risks and uncertainties include, but are not limited
to, customer demand for @Road products and services; the dependence
of @Road on mobile data systems technology, wireless networks,
network infrastructure and positioning systems owned and controlled
by others; and general economic and political conditions. Further
information regarding these and other risks is included in the
@Road Report on Form 10-K dated March 15, 2005, in the @Road Report
on Form 10-Q dated November 8, 2005, and in its other filings with
the Securities and Exchange Commission. @Road and the @Road logo
are trademarks or registered trademarks of @Road, Inc. All other
trademarks or service marks used herein are the property of their
respective owners.
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