Schema Recognized as One of Europe’s Fastest Growing Companies by Deloitte & Touche’s “2001 Technology Fast 500”
Industry Continues to Validate Schema’s Value Proposition and Solution
London, England – April 16, 2002 – Schema, the global provider of optimization and planning solutions for wireless networks, has been named by Deloitte & Touche as one of Europe’s fastest growing technology companies.(Deloitte & Touche Fast 50 and Fast 500 also recognized Schema as one of the fastest growing technology companies in Israel and New Jersey, U.S.A.) The European Fast 500 program highlights the strength and the positive future of the technology sector.
To determine the fastest growing companies, Deloitte reviewed companies’ revenues for the past three years (1998-2000), calculated the three-year revenue growth percentage, and compared the growth of all the technology companies.
“Because stock markets are more volatile and investors more cautious, the established and emerging companies that made the Deloitte European Technology Fast 500 have indeed made an incredible achievement. This accomplishment truly positions these companies to be the key forces behind economic growth in Europe in the years ahead,” says Karel Bakkes, Deloitte partner in charge of the European Technology Fast 500.
“It is always and honor to receive this type of industry recognition. Our revenues have increased significantly, even during the tough times the telecommunications and wireless industries have encountered the past year. The key to our success has been wide customer acceptance of the value of our solutions and the savings in capital expenditures.” noted Yosi Ben-Dov, Schema’s CEO.
About The European Fast 500 Program
To qualify for the ranking, firms must be involved in proprietary technology that contributes significantly to their operating revenues, manufacture a tech product or be deeply involved in tech research and development. Also, the firm must have been in business at least three years, had 1998 revenue of at least 50,000 euros, and be headquartered in Europe or have shares listed on a European stock exchange.
The Deloitte European Technology Fast 500 ranking is compiled from three sources: 1) winners of the single country/region Fast 50 programmes are automatically entered into Fast 500 programme, 2) nominations submitted directly to the European Technology Fast 500, and 3) from public company database research.
Schema is the global provider of optimization and planning solutions for wireless carriers. The company has developed advanced algorithm optimization technology allowing carriers to realize optimal spectrum efficiency. Combined with the company’s wireless expertise and its commitment to deliver unique customer solutions, Schema’s optimization capabilities allow wireless carrier’s to achieve significant capital savings. The company was recently recognized by Deloitte & Touche as one of the fastest growing and most innovative high tech companies.
Schema’s solutions are deployed and benchmarked by leading wireless
operators worldwide, including Verizon Wireless, Cingular Wireless, U.S. Cellular, BellSouth International’s Cellcom Israel, Cellcom Greenbay and Pelephone Israel. For more information about Schema, visit the company’s website at www.schema.com