WOBURN, Mass., Nov. 2, 2007 (PRIME NEWSWIRE) -- A special category, the Rising Star list ranks 20 companies that have been in business a minimum of three years, but less than five years. They are ranked based on percentage of fiscal year revenue growth over three years (2004 to 2006). Deloitte's Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
In the three years since launching LogMeIn Free -- the first commercially-supported, free, web-based remote access service -- the company has grown the size of its global user base to more than 25 million networked computers worldwide.
"By simplifying the way people access their Internet-enabled data whenever and wherever they want with our LogMeIn product set, we have changed the landscape for consumers, small businesses and corporations worldwide," said Michael Simon, CEO, LogMeIn, Inc.
"Deloitte's Technology Fast 500 Rising Stars honors young companies that have gained early traction in today's highly competitive technology marketplace based on percentage of revenue growth," said Phil Asmundson, Vice Chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We applaud LogMeIn for being one of only 20 companies to achieve the Rising Star ranking in 2007."
Rising Star Qualifications
To qualify as a Fast 500 Rising Star, entrants must have had 2004 operating revenues of at least USD $50,000 or CDN $75,000, for the United States and Canada, respectively, and 2006 operating revenues of at least $5 million USD or CDN.
Entrants must be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues, or devote 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.
About Deloitte
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About LogMeIn, Inc. -- www.LogMeIn.com
LogMeIn, Inc. offers the world's largest remote connectivity service with more than 25 million networked computers. The LogMeIn family includes LogMeIn Free(r), LogMeIn Pro(r), LogMeIn Ignition(tm), LogMeIn Rescue(r), LogMeIn IT Reach(r), LogMeIn Backup(tm) and LogMeIn Scout(tm). These, along with RemotelyAnywhere(r) and LogMeIn Hamachi(tm), provide secure remote access, support and administration to mobile professionals, helpdesk and system administrators worldwide. LogMeIn is based in Woburn, MA with European headquarters in Budapest, Hungary.