|
|
|
Press Release
Editorial Contact:
Cynthia Chow
925-242-4600
Valley Oak Systems Again Merits Position on the 2004 Deloitte Technology Fast 500
as One of the Fastest Growing Technology Companies in North America
Insurance Software Company Attributes its 430% Growth to Outstanding Customer
Service and Cost-Effective Technology
San Ramon, CA, Nov. 09, 2004
Valley Oak Systems, Inc., a national provider of claims administration and risk management
software, services and support for the insurance industry, today announced that it is again
listed among the 2004 Deloitte Technology Fast 500, a ranking of the fastest growing North
American technology companies on a five-year percentage revenue growth (fiscal years 1999-2003).
Valley Oak Systems grew 430% during this timeframe. This is the company's second year to make
the list.
Randy Wheeler, founder and CEO of Valley Oak Systems, attributes the company's fast growth and
ongoing national industry recognition to customer satisfaction. He said, "For a decade, we have
strategically aligned our customers' organizational objectives with our software technology to
enable them to realize the greatest cost savings. The reason why Valley Oak Systems has been
recognized as one of America's fastest growing companies and is the leader in our field is
because we hold the industry's highest rate of customer satisfaction and loyalty with our
advanced software technology, services and support."
Valley Oak Systems dedicates more than half of its staff to client services for its workers'
compensation, general liability, auto, property, employment, professional liability, and
disability insurance software customers throughout North America. Additionally, the company's
cost- effective browser-based software, iVOS®, provides a full range of features that meet every
one of its customers' needs and requirements. The system is highly configurable and can be
customized to meet any organization's needs, by incorporating claims best practices, optimizing
the efficiency of claims personnel, and enabling organizations to effectively reduce risks and
potential losses.
"Because the Deloitte Technology Fast 500 measures sustained revenue growth over five years,
being one of the 500 fastest growing technology companies in North America is an impressive
achievement," said Mark A. Evans, national managing partner of Deloitte's Technology, Media &
Telecommunications Group. "Valley Oak Systems deserves a lot of credit for its remarkable
growth."
About Valley Oak Systems, Inc.
Valley Oak Systems, Inc. is a privately held corporation with headquarters in San Ramon,
California. Founded in 1994, Valley Oak Systems has relied on the industry experience of its
founders to provide high-quality, cost-effective solutions for the claims administration
industry. Its flagship product iVOS® is the leading browser-based, "one-system" solution that
integrates claims management, document imaging and bill review capabilities for multiple lines
of insurance. Valley Oak Systems is dedicated to providing the highest quality software,
services, and support to enable their clients to meet their goals. Since 2002, Valley Oak
Systems has been recognized as one of America's fastest growing private companies for three
consecutive years on the Inc. 500 list, and for two years on the Deloitte Technology Fast 500
list. Additionally, Valley Oak Systems' founder and CEO, Randy Wheeler, was an award recipient
of the Ernst & Young Entrepreneur of the Year® 2004 Award Northern California. For more
information about the award-winning company, go to www.valleyoak.com, or call (925) 242-4600.
About the Deloitte Technology Fast 500
The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 program,
nominations submitted directly to the Fast 500, and public company database research. To qualify
for the Technology Fast 500, companies must have had operating revenues of at least $50,000 USD
in 1999 and $1 million USD in 2003. Entrants must also be public or private companies
headquartered in North America and must be a "technology company," defined as a company that
owns proprietary technology 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 in a unique way does not qualify.
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 U.S. member firm of Deloitte Touche Tohmatsu. In the U.S.,
services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP,
Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche
USA LLP.
Note: For a complete list of the Deloitte Technology Fast 500 winners for 2004 (and past years),
visit www.fast500.com.
|
Kevin Confetti