Active Also Named 15th Fastest Growing Company in San Diego County
SAN DIEGO, CA – December 2, 2008 – The Active Network, Inc. (Active), a leading provider of application services technology and marketing solutions for community organizations, was named one of North America’s fastest growing technology companies on Deloitte’s 2008 Technology Fast 500. Ranked by percentage revenue growth over five years, Active grew 576% from 2003 to 2007 and ranked 285th overall.
“From new market expansion to significant organic growth in our more established markets, I am very excited about the solid progress we have made over the past five years,” said Dave Alberga, CEO of The Active Network, Inc. “To be honored once again on the Tech 500 list is a testament to the commitment and hard work of the team we’ve built here at Active.”
Recording a record of approximately $102,399,000 in revenues in 2007, this is the fourth year Active has made the Technology Fast 500 list. Active was also named a Fast 50 finalist and was recognized as the 15th fastest growing company in San Diego County.
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. To qualify, 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. Base-year operating revenues must be at least $50,000 USD and current-year operating revenues must be at least $5 million USD. Companies must be in business a minimum of five years and headquartered within North America.
About The Active Network, Inc.
The Active Network delivers integrated technology solutions, marketing services and online media properties that enable and encourage participation in activities and events. For more information, please visit www.ActiveNetwork.com.
Tina Wilmott, The Active Network, Inc.
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