CapitalStream Inc., a leader in front office automation solutions for commercial finance operations, has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the region 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 2002–2006.
CapitalStream's president and CEO, Kevin Riegelsberger credits a significant increase in demand for Straight Through Processing (STP) in Business and Commercial Lending for the company's 303 percent revenue growth from 2002–2006. Riegelsberger said, “We’re moving up in the rankings – from number 17 last year to number 14, and seeing the benefits as our FinanceCenter solution matures and offers even greater value to our customers. This has been a year of unprecedented growth as we expanded our Best Practice Model with more standard out of the box processes and capabilities that allow midsize banks to run our platform without an extensive implementation project. As more and more of our customers have had the system implemented for many years we are validating the ROI with case studies showing over 100% efficiency gains. We have equipped some of the world’s largest financial institutions with the tools necessary to not only automate lending but to be more competitive as well.
The entire CapitalStream team is to be congratulated on this award for its continued commitment to offer the most comprehensive straight through processing platform in the marketplace.”
CapitalStream's increase in revenues of 303 percent from 2002 to 2006 resulted in a 14 ranking in the Technology Fast 50 for Washington State.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, 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.
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in 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
www.fast500.com
This year’s Washington State Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Perkins Coie, Citibank, AH&T Insurance and the Puget Sound Business Journal.
About CapitalStream
Established in 1995, CapitalStream provides software and consulting services that enable commercial banks and finance companies to collaborate, integrate and operate more effectively across their front office operations. CapitalStream solutions streamline data gathering, deal structuring, credit analysis, document generation, booking, account monitoring and ongoing risk management to more effectively originate transactions and manage commercial relationships. CapitalStream transforms the paper-based operations of mid-market, small business, equipment leasing and commercial real estate groups by reducing costs, risk and processing times to grow their portfolios without increasing headcount. For more information, visit us at
CapitalStream or call at 800-827-2010.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
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.
