November 12, 2008 14:11 ET
Webs.com (Freewebs) Ranks 119th Fastest Growing Company in North America on Deloitte's 2008 Technology Fast 500
Attributes Its More Than 1700 Percent Revenue Growth to a Social Publishing Platform for Community-Driven Interactive Website Creation
SILVER SPRING, MD--(Marketwire - November 12, 2008) - Webs.com
(formerly Freewebs) today announced that it ranked number 119 on Deloitte's
2008 Technology Fast 500, a ranking of the 500 fastest growing technology,
media, telecommunications and life sciences companies in North America.
Rankings are based on percentage of fiscal year revenue growth over five
years, from 2003-2007. Webs.com grew 1704.23 percent during this period.
Web's CEO, Haroon
Mokhtarzada, credits an innovative and adaptable social publishing
platform with the company's 1700% revenue growth over the past five years.
"In the beginning, we innovated website-building by making it as easy to do
as sending an email," said Mokhtarzada. "But the internet is no longer
about one-way publishing. Social interaction now drives online traffic and
public opinion and we have evolved to accommodate the internet's social
evolution. We owe our success to an adaptable platform and constant
innovation in online publishing."
"Each company on Deloitte's Technology Fast 500 is an innovator with an
exceptional five-year track record of growth," said Phil Asmundson,
Deloitte LLP vice chairman and national managing partner for Technology,
Media and Telecommunications. "Webs.com has earned its position among the
fastest growing companies in North America, and we are proud to honor this
important accomplishment."
In addition to ranking on Deloitte's Technology Fast 500, Freewebs ranked
number five on the Greater
Washington Regional Technology Fast 50, which is a ranking of the 50
fastest growing technology firms in the Washington, D.C. region.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North America. It is
compiled from Deloitte's regional North American Fast 50 programs,
nominations submitted directly to the Fast 500, and public company database
research. Companies are selected based on percentage revenue growth from
2003 to 2007.
Entrants must own proprietary intellectual property or proprietary
technology that contributes to a significant portion of the company's
operating revenues or devote a significant proportion of revenues to
research and development of technology. Using other companies' technology
or intellectual property in a unique way does not qualify. Base-year
operating revenues must be at least $50,000 USD or $75,000 CD, and
current-year operating revenues must be at least $5 million USD or CD.
Companies must be in business a minimum of five years, and they must be
headquartered within North America.
About
Webs.com
Launched in 2001 by the Mokhtarzada brothers, Webs.com (Freewebs) had a
simple mission -- to create a website building service easy enough for
their mother to use. Five years and millions of websites later, Webs.com
received its Series A funding from Novak Biddle Venture Partners and
Columbia Capital in August 2006. In 2008, Webs.com added popular social
media applications like photo and video galleries, Web stores, calendars
and a widget bank to enable users to further customize their sites.
Webs.com, located in Silver Spring, M.D. now boasts 20 thousand user
signups a day and over 30 million unique visitors to their sites each
month. For more information, visit www.Webs.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see
www.deloitte.com/about for a detailed description of the legal structure of
Deloitte LLP and its subsidiaries.