Captovation Ranks 37^th Among Minnesota’s Fastest Growing Technology Companies
Deloitte & Touche Fast 50 Program Rankings Released

MINNEAPOLIS, MN, September 23, 2002 – Captovation is proud to announce it ranks 37^th among Minnesota’s fastest growing technology companies, according to the Deloitte & Touche Technology Fast 50 program.  The Fast 50 program rankings are based on the percentage of growth in revenues from 1997 to 2001.

Captovation has achieved 190 percent revenue growth over the past five years. Increased sales of the company’s document capture software, eCapture, have contributed substantially to the company’s growth. President and CEO, Ken Peterka, credits this success to the development of channel sales, strategic relationships, and world-class software.

“Being recognized as the 37^th fastest growing technology company in Minnesota helps to substantiate our overall business model, our commitment to success, 

and the quality of employees that comprise the company, ” said Ken Peterka, President and CEO at Captovation, Inc.  “We are proud to be honored by this great program, and our ranking will be a benchmark as we continuously strive to grow our business.”

“Technology is alive and kicking as evidenced by the tremendous growth rates of the Deloitte & Touche Technology Fast 50 winners,” said Ron Hafner, Deloitte & Touche partner. “Captovation is honored at Number 37, making it one of the fastest growing companies in Minnesota and a contender for the Deloitte & Touche Technology Fast 500 ranking of the fastest growing technology companies in North America.”

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.

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.

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