FORT LAUDERDALE, FL--(Marketwire - November 01, 2011) - OmniComm Systems, Inc. (OTCBB: OMCM) today announced that it ranked number 253 on Deloitte's Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. OmniComm grew 350% during this period.
OmniComm's Chief Executive Officer (CEO), Cornelis F. Wit, credits the ongoing expansion of its customer base in the US and Europe to their continued focus on the customers' needs and on good customer service. "Our products make life dramatically easier for our customers as they conduct clinical trial research. We are constantly searching for ways to serve CRO's and Sponsors better, and we quickly incorporate those new ideas into our products, and professional services," said Mr. Wit. "We are very pleased to be ranked on the Technology Fast 500 list for the 4th time in the last 6 years. Our growth has been steady within our core Electronic Data Capture (EDC) product line, and bolstered by the addition of our new eClinical product lines, including TrialOne for Phase I automation, CDMS, CTMS, and Safety solutions."
"OmniComm, like all 2011 Technology Fast 500™ 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 Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes OmniComm Systems, Inc. for its remarkable accomplishment."
"We are pleased to honor OmniComm as a 2011 Technology Fast 500 company," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, OmniComm has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."
OmniComm has previously ranked #445, #284, and #140 as a Technology Fast 500 award winner for the years 2010, 2009, and 2005 respectively.
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte's 2011 Technology Fast 500™
Technology Fast 500, 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 North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
OmniComm Systems, Inc. (www.OmniComm.com) provides customer-driven Internet solutions to pharmaceutical, biotechnology, research and medical device organizations that conduct life changing clinical trial research. OmniComm's growing base of satisfied customers is a direct result of the company's commitment to deliver specific products and services that ensure ease of use, faster study build, ease of integration and better performance. OmniComm's client intuitive pricing model allows companies that range from small, to mid-size to large scale institutions to safely and efficiently capitalize on their clinical research investments. OmniComm Systems, Inc. has a U.S. Headquarters in Fort Lauderdale, FL. and European headquarters in Bonn, Germany, with satellite offices in New Jersey, and the United Kingdom. There are sales offices throughout the U.S. and Europe.
Safe Harbor Disclaimer
Safe Harbor Disclaimer Statements made by OmniComm included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the Company's ability to obtain new contracts and accurately estimate net revenues due to uncertainty regulatory guidance, variability in size, scope and duration of projects, and internal issues at the sponsoring client, integration of acquisitions, competitive factors, technological development, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.