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Autobytel.com’s 14,607% Revenue Growth Results in Deloitte & Touche Award: Named Second Fastest Growing Technology Company in Orange County/San Diego
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| Impressive revenue growth attributed to Autobytel.com’s global leadership in online car buying and #1 market position with both consumers and dealers |
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| Updated |
Mar 17, 2005 19:41:50 |
| Rating |
 57 ( -6 -10.52% ) |
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Description:
Irvine, CA - September 26, 2000 : Deloitte & Touche has named Autobytel.com the second fastest growing technology company in Orange County and San Diego. Deloitte & Touche's prestigious "Technology Fast 50" program ranks the leading Orange County and San Diego technology companies based on the percentage of revenue growth over the last five years. With over 1,500 technology companies now based in Orange County and San Diego, Autobytel.com is clearly an industry leader. Autobytel.com's 14,607% revenue growth surpassed the largest technology companies in the region including, Broadcom, Qualcomm, and Linksys. The annual rankings include companies from all technology sectors-from biotech to e-commerce-that are currently headquartered in one of the hottest high tech regions in the country.
Mark Lorimer, Autobytel.com's President and CEO, credits the company's innovative pro-consumer solutions, and industry-leading technological and automotive expertise, for Autobytel.com's 14,607% revenue growth. "It's staggering to consider: in the five years since Autobytel.com pioneered online car buying and began revolutionizing a $1 trillion global auto industry, more than 50% of all new car buyers are turning to the Internet when shopping for a car," said Lorimer. "Autobytel.com has maintained its #1 market share year after year in what is the fastest growing segment of the Internet and has delivered 22 solid quarters of uninterrupted revenue growth. Being recognized by Deloitte & Touche for these financial accomplishments is an honor." Lorimer was one of five leading Southern California CEOs featured in a special video presentation to attendees at last night's award ceremonies in Orange County.
"To be ranked #2 in the OC/SD Fast 50 is no easy feat," said Fred Poska, partner in charge, Orange County High Technology Group for Deloitte & Touche. "In an era where technology companies come and go like shooting stars, Autobytel.com's #2 ranking among Orange County/San Diego Fast 50, is a testament to the company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years. Autobytel.com has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments."
To qualify for the Orange County/San Diego Technology Fast 50, companies must be in business for a minimum of five years; must not be a subsidiary or division, unless separately traded and having some public ownership; must have 1995 revenues of at least $50,000 and 1999 revenues of $1,000,000 or more; must be considered a technology company which is defined as developing proprietary technology which contributes to a significant portion of the company's operating revenues, manufacturing a technology related product, or devoting a high percentage of effort to research and development of technology; and must be headquartered in Orange County or San Diego counties.
Source: ABT
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A D V E R T I S E M E N T
WARDSAUTO
Instead of traveling from showroom to showroom looking for a vehicle, within minutes in
the comfort of my home, I had 20 vehicles from which to choose."
--Cliff Banks,
Ward's Dealer Business
Los Angeles Times
One of four people shopping for a used car went to the Internet for help, according
to a July J.D.Power and Associates study... For them, Irvine-based Autobytel.com was the most
popular destination.
--The Los Angeles Times
CBS News
When New York resident Bob Moye decided to buy a car with the help of Autobytel.com, a
popular online company, he found the Ford Explorer of his dreams. CBS Market Watch reports that
Moye is quickly becoming the rule and not the exception when it comes to car buying.
--CBS News
"How To Save Thousands Buying Online" |
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