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XIFIN, Inc. Named One of San Diego's Fastest Growing Technology Companies in Deloitte's Technology Fast 50 Program
Monday, October 13, 2008
Attributes market recognition of the value of applying Software as a Service (SaaS) based solutions to complex business processes to its 312 percent growth.
SAN DIEGO, Oct. 13 /PRNewswire/ -- XIFIN, Inc. has been named to
Deloitte's prestigious Technology Fast 50 Program for San Diego, a ranking of
the 50 fastest growing technology, media, telecommunications, and life
sciences companies in the area by Deloitte LLP, one of the nation's leading
professional services organizations. Rankings are based on the percentage
revenue growth over five years from 2003-2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081013/LAM046LOGO)
XIFIN's Executive Chairman, Lale White, credits the recognition of the
value of XIFIN's SaaS approach to longstanding revenue cycle management
problems for laboratory and diagnostic services providers with the company's
312 percent revenue growth from 2003 - 2007. White said, "With six of the ten
largest diagnostic laboratories as customers, we have become the preferred
platform among leading labs."
"Sustaining high revenue growth over five years is an exceptional
accomplishment," said Theresa Drew, Managing Partner, San Diego Practice,
Deloitte & Touche LLP. "We commend XIFIN for making the commitment to
technology and delivering on the promise of market longevity. We are proud to
include them in Deloitte's Technology Fast 50."
This year's San Diego Technology Fast 50 program is sponsored by Barney &
Barney, Bowne, Cushman & Wakefield, Focus Creative Group, Judy Thompson &
Associates, Latham & Watkins, Oracle, San Diego Business Journal and Union
Bank of California, in association with AeA, BIOCOM and KPBS.
To qualify for the Technology Fast 50, companies must have had operating
revenues of at least $50,000 in 2003 and $5,000,000 in 2007, 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 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
http://www.fast500.com.
About XIFIN, Inc.
XIFIN is the leading provider of SaaS based Revenue Cycle Management
solutions for clinical laboratory and diagnostic services providers. XIFIN
targets process errors that lead to bad debt, rework and compliance
liabilities, through its closed-loop, rules-driven workflow automation. XIFIN
Services manage, deliver and maintain the entire infrastructure supporting A/R
including: connectivity, reference databases, payer requirements, transaction
services vendors, hardware & software, as well as compliance/regulatory
workflow logic. Six of the ten largest laboratories use XIFIN. To learn
more, visit http://www.xifin.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see
http://www.deloitte.com/us/about for a detailed description of the legal
structure of Deloitte LLP and its subsidiaries.
SOURCE XIFIN, Inc.
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