Captovation Named One of Minnesota’s Fastest Growing Technology Companies In Deloitte & Touche Fast 50 Program

MINNEAPOLIS, MN, September 3, 2002 – Captovation has been named to Deloitte & Touche’s prestigious Fast 50 program, which is a ranking of the 50 fastest growing technology companies in Minnesota. Rankings are based on the percentage of growth in revenues from 1997 to 2001 and will be officially released September 20, 2002.

Captovation’s CEO, Ken Peterka, credits the development of its world-class software, a commitment to channel sales, and the continued re-investment of profits into R&D, sales, and marketing for the company’s revenue growth over the past five years. “We are very proud to be recognized as one of Minnesota’s fastest growing technology companies,” said Ken Peterka, President and CEO at Captovation, Inc.  “This recognition would not have been possible without the hard work and dedication from everyone at Captovation.”  

“In today’s economy, (double or triple-digit) percentage growth is an exceptional

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1997 and $1 million in 2001; must be public or private companies headquartered in Minnesota; and must be “technology companies” defined as companies that own proprietary technology, manufacture a technology product, or devote a high percentage of effort to the research and development of technology. 

Winners of the 23 regional Fast 50 programs in the U.S. are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation’s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com.

Captovation, Inc. is a privately held company established in 1994, which specializes in the design and development of document capture products for the electronic document management industry.  Their software products and custom integration services provide paper-intensive organizations with the ability to streamline and tailor the document capture process to meet their needs.  eCapture, the company’s flagship product, is a suite of document capture tools for the Enterprise.  The tools include: ecScan (production-level scanning), ecIndex (production-level indexing), ecNet (distributed, web-based capture), ecAutoFile Server (bar code recognition server), ecCommit Server (schedule batch commits), and ecImport Server (import images directly into eCapture).  For more information, visit the company’s web site at www.captovation.com.

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 100 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 five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the U.S. 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. For more information, please visit Deloitte & Touche’s web site at www.deloitte.com/us.