SofterWare Ranked 34th Fastest Growing Company in the Greater Philadelphia Region on Deloitte’s 2011 Greater Philadelphia Fast 50
Attributes 70% Percent Revenue Growth to New and Improved Products that Improve Client Productivity
Horsham, PA, October 24, 2011 – SofterWare, Inc. today announced it ranked 34th on Deloitte’s 2011 Greater Philadelphia Fast 50 ranking of the 50 fastest growing technology, media, telecommunications, life sciences and clean technology companies in the Greater Philadelphia region. SofterWare grew 70% percent during this period. This is the sixth time the company has received this recognition.
SofterWare’s chief executive officer and co-founder, Doug Schoenberg, credits their growth to the company’s continued investment in product innovation and client satisfaction. He noted, “The majority of our growth in the last several years has come from new products and the investments we continue to make in improving the quality and value of our current products. Helping our customers achieve greater productivity and financial success has been especially critical given the economic challenges facing the non-profits and educational institutions we serve.”
“SofterWare, Inc., like all 2011 Greater Philadelphia Fast 50 companies, has excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most challenging economies in history,” said Tara L. Weiner, managing partner, Greater Philadelphia region, Deloitte LLP. “Deloitte recognizes SofterWare for its remarkable accomplishment.”
About Deloitte’s 2011 Greater Philadelphia Fast 50
SofterWare Inc., provides software for several vertical markets and the company’s client base includes thousands of organizations throughout North America and the world. SofterWare’s mission is to develop, market, maintain and support software that is easy to learn, easy to use, and adaptable to users’ unique needs. SofterWare currently offers DonorPerfect Fundraising Software and Donor Management, EZ-CARE2 Child Care Management Software for Daycare Center Management and School-Age Child Care Management; EZ-CAMP2 Camp Management Software and Camp Online Registration; and MMS for Schools: Student Information Systems. For more information on SofterWare and its products, please visit www.softerware.com.
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About SofterWare, Inc.
The 2011 Greater Philadelphia Fast 50, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in the Greater Philadelphia region. 2011 Greater Philadelphia Fast 50 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for 2011 Greater Philadelphia Fast 50 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of five years, and be headquartered within the Greater Philadelphia region.