NEW YORK, NY - September 18, 2006 - LivePerson, Inc. (NASDAQ: LPSN), a provider of online conversion solutions, has been named to Deloitte's prestigious Technology Fast 50 Program for the New York Region, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.
LivePerson's chairman and CEO Robert LoCascio credits continued demand for Timpani Sales and Marketing, the company's flagship software platform that enables companies to identify and proactively engage online visitors, for the company's 185 percent revenue growth from 2001-2005.
"This award reflects both the growing acceptance of our Timpani Sales and Marketing platform and the recognition of online conversion solutions as a critical need in the e-commerce marketplace," said LivePerson chairman and CEO Robert LoCascio. "Our full suite of engagement marketing offerings, combined with the domain expertise of the LivePerson team, positions our company well to capitalize on future growth opportunities."
LivePerson's increase in revenues of 185 percent from 2001 to 2005 resulted in a 34th place ranking in the Technology Fast 50 for New York. The average increase in revenues among companies who made the Technology Fast 50 for this region was 1,825 percent.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are eligible to be entered into the Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com/.
LivePerson is a provider of online conversion solutions. Our hosted software enables companies to identify and proactively engage online visitors- increasing sales, satisfaction and loyalty while reducing service costs. Combining web-interaction technology (chat, email and a self-service knowledgebase) with a deep understanding of consumer behavior and industry best practices, LivePerson's Timpani™ platform engages the right customer, at the right time, with the right communications channel. This Engagement Marketing platform creates more relevant, compelling and personalized experiences-converting traffic into revenues, and facilitating real-time sales and customer service. More than 4,000 companies including EarthLink, Hewlett- Packard, Microsoft, Qwest and Verizon, rely on LivePerson to help maximize the return on their marketing and e-commerce investments. LivePerson is headquartered in New York City.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
SOURCE: LivePerson, Inc.
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