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UCT Again Wins Texas Crescent Fast 50 Award
UCT Again Named One of the Fastest Growing Technology Companies in Texas in Deloitte & Touche's Fast 50 Program
Dallas, TX - For the second year in a row Universal Conversion Technologies (UCT) has been named to Deloitte & Touche's 2002 Texas Crescent Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in the state. Rankings are based on the percentage of growth in revenues for the five-year period from 1997-2001.
UCT's CEO Dan O'Hara again credits hard work, persistence, and the ability to find solutions where others see only problems, with the company's 447 percent revenue growth created the past five years. He said, "UCT's success continues because we stay focused on our core competencies - knowledge of insurance systems and our incredible data conversion expertise. Our combination of the most knowledgeable, experienced staff in the business and leading edge software means we continue to compete successfully in a value-conscious market. Today's business environment demands risk reduction, and we're in a position to offer guarantees."
"We applaud the accomplishments of the Texas Crescent Technology Fast 50 winners," said Skip Moore, managing partner of the Texas Technology, Media & Telecommuications practice of Deloitte & Touche. "These companies have proven that their leadership has the right stuff to succeed during the best of times and the most trying of times and we at Deloitte & Touche salute them."
Fast 50 companies must have 1997 operating revenues of at least $50,000 and 2001 operating revenues of at least $1,000,000; must be a U.S. company developing and/or providing technology products or services; and must have been in business for at least five years. The finalists are eligible to compete in the Technology Fast 500, also sponsored by Deloitte &Touche, ranking the nation's top 500 fastest growing technology companies.
About Universal Conversion Technologies
Universal Conversion Technologies (http://www.uctcorp.com) was founded in 1992 by Dan O'Hara, and maintains company headquarters in Dallas, Texas. All product and service functions are managed through the Dallas office. UCT's customers include both U.S. and Canadian life insurance companies, and their products and services are also marketed in Europe. More than 50 companies have used UCT's conversion software and methodology to implement data conversions for millions of life insurance policy records and billions of dollars in financial values. These data conversions have included the related plan, agency and client files from most of the packaged life insurance administration systems, as both the source and target systems.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. Texas offices of Deloitte & Touche include Austin, Dallas, Fort Worth, Houston and San Antonio. The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
About Haynes and Boone
Haynes and Boone is a Texas-based corporate law firm with a significant technology focus. With more than 400 attorneys, the Firm maintains offices in Austin (2), Dallas, Fort Worth, Houston, Richardson Telecom Corridor®, San Antonio, Washington, D.C. and Mexico City. The Firm consistently has been one of the fastest growing law firms headquartered in the Southwest, building on a reputation of legal expertise and service to both clients and the communities it serves. With the experience of Firm attorneys encompassing more than 20 business law specialty areas, Haynes and Boone serves leading national and international commercial, financial and industrial enterprises, individuals and emerging businesses, as well as local and foreign governmental entities. For more information, please visit the Haynes and Boone website www.haynesboone.com.