Active Also Named 11th Fastest Growing Company in San Diego County
SAN DIEGO, CA – October 21, 2009 – The Active Network, Inc. (Active), a leading provider of technology and marketing solutions for community service and sports organizations, was named one of North America’s fastest growing technology companies on Deloitte’s 2009 Technology Fast 500. Ranked by percentage revenue growth over five years, Active grew 598% from 2004 to 2008 and ranked 223rd overall.
“Despite this year’s challenging economy, this achievement is a testament to the great strides we have made over these last five years,” explained Dave Alberga, CEO of The Active Network. “To be included on the Tech 500 list for the fifth year in a row is the result of expansion into new markets and our team’s dedication and hard work. We look forward to continued growth and profitability.”
Recording a record of approximately $173,196,000 in revenues in 2008, this is the fifth year Active has made the Technology Fast 500 list. Active was also recognized as the 11th fastest growing company in San Diego County.
“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate The Active Network on this accomplishment."
The Technology Fast 500™ ranks the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. It is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Companies are selected based on percentage revenue growth from 2004 to 2008. To be eligible, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Base-year operating revenues of at least 50,000 USD, and current-year operating revenues of at least $5 million USD. These revenues must have more than doubled between 2004 and 2008. 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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