Vancouver, BC, September 28, 2000
Pivotal Captures No. 1 Position in Canadian Technology Fast 50 with 34,548% Growth
— Pivotal Corporation (Nasdaq NM: PVTL; TSE: PVT) today announced that the company received top honors last night when Deloitte & Touche announced its annual ranking of the 2000 Canadian Technology Fast 50 at a gala reception in Montreal, Canada. Pivotal secured the No. 1 ranking with tremendous growth in revenues from 1995 to 1999 of 34,548% - setting a new record for the annual Fast 50 competition.
To determine the fastest growing companies, Deloitte & Touche's experts reviewed company revenues for the past five years (1995-1999), calculated the 5-year growth percentage, and then compared the growth of all the companies in Canada. Ranked No. 14 in the 1999 Canadian Technology Fast 50, Pivotal rockets to the top spot with a near 7,000% lead over the No. 2 Fast 50 company in Canada.
"We are extremely honored to receive this recognition among such esteemed industry peers," said Norm Francis, president and CEO, Pivotal Corporation. "This prestigious award validates and recognizes our talented team's dedication to technology excellence, our ability to keep up with the rapid pace of business, and our commitment to deliver innovative solutions that enable companies to compete more effectively in the Internet economy."
According to Garry Foster, national director, high technology and telecom, Deloitte & Touche, "Pivotal's ability to quickly adapt to changes in the Internet economy and swiftly seize strategic opportunities in the competitive market has catapulted the company to the No. 1 position in this year's Canadian Technology Fast 50. The company's exponential growth attests to their vision and determination to succeed and we at Deloitte & Touche congratulate the company's accomplishments."
About Deloitte & Touche
Deloitte & Touche is a leading Canadian professional services firm providing a full range of accounting, auditing, tax and management consulting services, with more than 5,000 people in offices in 50 cities across the country. The firm's multifunctional professionals bring their expertise to developing effective business solutions to more than 55,000 clients in all sectors of the Canadian economy. We are a firm of choice - our mission is to help our clients and our people excel.
Pivotal Corporation enables large and medium-sized businesses worldwide to make, serve, and manage customers with superior speed and efficiency by providing XML-based demand chain networks that deliver personalized customer experiences across every touch point in real-time. These networks unify Internet commerce, CRM, eSelling, and wireless technologies to manage collaborative relationships between customers, business partners, and employees; guide intelligent commerce transactions across multiple channels; seamlessly integrate the demand chain with the supply chain; and fully exploit Microsoft platform standards.
Pivotal solutions are sold in 35 countries and are available in English, French, German, Spanish, Portuguese, Swedish, Japanese and Chinese. Pivotal's worldwide customer base includes more than 1,000 organizations in traditional, commercial and public market sectors and the new digital economy, including KPMG, Intrawest Corporation, Emerson Electric, US Filter, Ericsson, Nissan Motor Corp., HarperCollins Publishers, Qiagen Inc., Deutsche Bank, Trader.com, Southern Company, Lucent Technologies, Inc., NEC, Deloitte & Touche, Principal Financial Group and Red Cross Australia.
Pivotal is a public company traded on the NASDAQ under the symbol “PVTL” and the Toronto Stock Exchange under the symbol “PVT.” More information can be found on the corporate Web site at http://www.pivotal.com.
This release contains certain forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results of events to differ materially from those anticipated in our forward-looking statements. Factors that could cause actual results to differ materially include: rapid technological changes in the industry; volatility in the market price of the company's common stock; the company's ability to successfully manage its growth; the ability to maintain and grow successful third party relationships, to improve current products and develop new products, to adequately protect the company's proprietary rights, and other factors as described in the company's SEC filings. Although we believe that the expectations reflected in our forward-looking statements are reasonable, individual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements or other future events. Moreover, neither we nor anyone else assumes responsibility for the accuracy or completeness of forward-looking statements.