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22 May, 2003
itv|world has been named one of Australia’s fastest growing
technology companies in the 2003 Deloitte Technology Fast 50, achieving
three-year revenue growth of 382%.
Itv|world's CEO Jason Romney credits an experienced management
team, creative strategic planning and a well-articulated vision
for the future with the company's impressive revenue growth over
the past five years.
"The needs of our customers arise from the worldwide rollout
of digital television broadcasting, the challenges of removing
costs from the digital distribution value chain and the need for
simple ways to control and coordinate content distribution, brand
development and rights management across broadcast, Internet and
wireless platforms to a growing number of receiver devices ",
said Mr. Romney.
"The anticipated surge in broadband, digital TV and digital
wireless services will provide a further boost in revenues from
expanding content production contracts, interactive TV consulting
and wireless and interactive TV application development",
said Mr. Romney. "itv|world has achieved strong global sales
of its flagship In|Orbit iTV scheduling and automation software
to blue-chip clients such as the BBC and it will continue to develop
profitable, intellectual property to service this burgeoning market:”,
Mr. Romney said.
“Making the Deloitte Technology Fast 50 is an impressive accomplishment,
particularly in uncertain economic times,” said Ian Thatcher, Leader of
the Deloitte Technology Fast 50 program. “These companies have had tremendous
revenue growth between 2000 and 2002, a period when many companies were struggling
to achieve single digit growth. We at Deloitte Touche Tohmatsu applaud itv|world
for their success“
itv|world is honoured at Number 10, making it one of the fastest growing companies
in Australia and a contender for Deloitte Technology Fast 500 ranking of the
fastest growing technology companies in Asia Pacific. Itv|world has proven
to be one of the fast-growth success stories in Australia and we applaud their
success and vision, ” Mr Thatcher said.
Itv|world’s increase in revenues of 382 percent over the three-year period
of 2000 to 2002 resulted in their being ranked 10th in Australia. The average
increase in revenues among companies who made the 2003 Deloitte Technology
Fast 50 was 299 per cent.
To qualify for the Deloitte Technology Fast 50, companies must have had operating
revenues of at least $100,000 in 2000 and $1,000,000 in 2002, must be public
or private companies headquartered in Australia; and be "technology companies" defined
as a company that develops proprietary technology, manufactures a technology
product, or devotes a high percentage of effort to research and development
of technology.
About itv|world
Headquartered in Sydney, Australia and Gothenburg, Sweden, itv|world
has established itself as one of the industry’s leading interactive media software companies,
specialising in innovative software solutions for broadcasters, media companies
and network operators wishing to generate revenues from the delivery of interactive
content and services. Drawing upon the international expertise of a development
team of senior software engineers and managers, itv|world’s solutions
are developed in consultation with network operators and broadcasters around
the globe. In October 2002, the world's leading broadcaster of interactive
services, UK's BBC, chose itv|world's scheduling and automation product In|Orbit
as a step towards minimising operational costs and increasing productivity
in the play-out of interactive services.
About Deloitte Touche Tohmatsu
Deloitte Touche Tohmatsu is one of the world’s leading professional services
organizations. The member firms of Deloitte Touche Tohmatsu deliver world-class
assurance and advisory, tax, and consulting services. With more than 119,000
people in over 140 countries, the member firms serve over one-half of the world’s
largest companies, as well as large national enterprises, public institutions,
and successful, fast-growing global growth companies. Our internationally experienced
professionals strive to deliver seamless, consistent services wherever our
clients operate. Our mission is to help our clients and our people excel. www.deloitte.com.au
more
PR Contact: Charlotte Faunce, itv | world + 61 2 9288 4711
charlotte.faunce@itvworld.com
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