NEW YORK, NY - October 10, 2002 - LivePerson, Inc. (NASDAQ: LPSN), a leading provider of technology facilitating real-time online customer interaction, has been named to Deloitte & Touche's prestigious "2002 Technology Fast 50" program for the New York City, Westchester and Rockland Counties region. Rankings of the 50 fastest growing technology companies in the area will be announced at an awards dinner, Thursday, October 10, 2002, at the Ritz-Carlton New York, Battery Park. Rankings are based on the percentage of growth in fiscal year revenues from 1997-2001.
"To rank on the Deloitte & Touche Technology Fast 50, companies must have phenomenal revenue growth in a five-year period," Larry Wizel, managing partner of the New York Technology Fast 50 program said. "LivePerson has proven to be one of the fast-growth stories in our region and we applaud their success and vision."
"LivePerson is honored to be recognized as one of Deloitte & Touche's 50 fastest growing technology companies and is proud to be a part of this elite group," said Robert LoCascio, CEO of LivePerson. "This distinction acknowledges our strong revenue growth and our continued dedication to helping over 3,000 businesses engage their customers online to increase sales and customer satisfaction."
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1997 and $1,000,000 in 2001, must be public or private companies headquartered North America, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit http://www.fast500.com/.
Platinum sponsors of the New York 2002 Technology Fast 50 include The Bank of New York, The Journal News, Proskauer Rose, Nasdaq and RRE Ventures. Gold sponsors include Invision. Silver sponsors include CFOutsource, Downtown Alliance, New York City Economic Development Corporation Polytechnic University, and the New York University Center for Advanced Technology.
LivePerson (http://www.liveperson.com/) is a leading Application Service Provider (ASP) of technology facilitating real-time sales and customer service for companies doing business on the Internet. The LivePerson services enable online businesses to communicate securely with Internet users, thereby enhancing the online experience. With LivePerson solutions, consisting of chat and real-time marketing and selling tools, LivePerson offers clients the opportunity to increase sales, lower customer service costs and increase responsiveness to customer needs. LivePerson is headquartered in New York City.
About Deloitte & Touche LLP
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 US 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 http://www.deloitte.com/us. For more information on the Technology Fast 50 and Fast 500 programs, please visit http://www.fast50.com/.
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