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UCT Wins Texas Crescent Fast50 Award
UCT Named One of the Fastest Growing Technology Companies inTexas in Deloitte & Touche's Fast 50 Program
Dallas, TX - Universal Conversion Technologies (UCT) has been named to Deloitte & Touche's 2001 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 1996-2000.
UCT's CEO, Dan O'Hara, credits hard work, persistence, and the ability to find solutions where others see only problems, with the company's 1306 percent revenue growth created the past five years. He said, "Our core competencies are knowledge of insurance systems and incredible data conversion expertise. Our smart software tools allow us to reuse the experience we gain with every conversion. 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."
"Making the Fast 50 is an impressive accomplishment, particularly in uncertain economic times, and we at Deloitte & Touche congratulate Universal Conversion Technologies for attaining this honor," said Sandy Rothe, managing partner for technology and communications for Deloitte &Touche.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000; must be public or private companies headquartered in Texas; and be "technology companies" defined as companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology.
Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. UCT's has been recognized as ranking 374 in the Fast 500 Program. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
The Texas Crescent Technology Fast 50 program is presented by Deloitte & Touche, in association with Haynes and Boone.
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.