Rochelle Park, NJ - August 15, 2002 - Schema, the global provider of optimization and planning solutions for wireless networks, has been named to Deloitte & Touche's prestigious "Technology Fast 50" Program for New Jersey, which recognizes the 50 fastest growing technology companies in the area.
Rankings are based on the percentage of growth in fiscal year revenues from 1997-2001 (five-year period). Schema was ranked 12 in the Fast 50 for New Jersey.
"This recognition is a testament to the industry problem that we solve for wireless operators," said Andrew Burroughs, Schema's Chief Marketing Officer. "Our optimization and planning solutions for wireless networks have enabled many global operators to rapidly save millions of dollars by improving their quality of service and increasing capacity without having to add more hardware."
"To rank on the Deloitte & Touche Technology Fast 50, companies must have phenomenal revenue growth in a five year period. Schema has proven to be one of the fast-growth success stories in New Jersey, and we applaud their success and vision," said Ray Lewis, a partner with Deloitte & Touche's Technology, Media and Telecommunications practice in New Jersey.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1997 and $1,000,000 in 2001, must be public or private companies headquartered in New Jersey, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology.
Winners of the 20 regional Technology 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. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
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 Red Herring Magazine as one of 50 private companies that will shape the future, and by Deloitte and 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, Cellcom Greenbay and Pelephone Israel.
For more information about Schema, visit the company's web site at www.schema.com
About Deloitte & Touche
Deloitte & Touche, 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. The firm is
dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site www.deloitte.com. For more information on the Technology Fast 50 and Fast 500 programs, please visit www.fast50.com.
Senior Communications Manager
Optimizing the Wireless World
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