CCC Information Services Inc. Named One of Greater Chicagoland's Fastest Growing Technology Companies in Deloitte & Touche "Fast 50" Program
18 October 2000
CCC Information Services Inc. Named One of Greater Chicagoland's Fastest Growing Technology Companies in Deloitte & Touche "Fast 50" Program
CHICAGO--Oct. 18, 2000--CCC is Pleased To Be Recognized as One of Chicagoland's "Fast 50"
CCC Information Services Inc., a wholly-owned subsidiary of CCC Information Services Group Inc. , has been named to Deloitte & Touche's prestigious "Fast 50" Program for Greater Chicagoland, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on five-year revenue growth from 1995-1999. The program is sponsored by Deloitte & Touche, in association with Kirkland and Ellis, One Motorola Ventures, Kellogg Graduate School of Business, and the University of Chicago Graduate School of Business. On October 17, 2000 Deloitte & Touche announced the ranked Greater Chicagoland Technology Fast 50 list.
CCC's Chairman and Chief Executive Officer, Githesh Ramaurthy, credits the company's average 20% growth over the past four years to innovative technology and focusing on delivering the right solutions to CCC's customers in the insurance and collision repair industries.
"CCC is pleased to be recognized as one of the leading technology companies in the Chicagoland area along with a distinguished list of other companies," commented Reid Simpson, Executive Vice President and Chief Financial Officer. "With our strong underlying core U.S. tools business, CCC has had the opportunity to fund new growth vehicles in DriveLogic, Inc., our e-commerce business and CCC International, our UK based business addressing the large European market opportunity," Simpson added.
"To attain a listing on the Fast 50 is no easy feat and we at Deloitte & Touche congratulate CCC for attaining this honor," said Tim McCarty, Partner of Deloitte & Touche. "We salute CCC, whose leaders have the vision and whose staff has the capabilities to keep up with the demands of today's fast-paced technology marketplace."
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1995 and $1,000,000 in 1999, must be a public or private company headquartered in Greater Chicagoland, and be a "technology company," defined as a company that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.
Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About CCC Information Services Inc.
CCC Information Services Inc., headquartered in Chicago, IL, is the leading supplier of advanced software and communications systems to the automotive claims industry, including information and network services for a wide variety of claims management solutions. Its value-added, technology-based products and services increase efficiency and facilitate communication among more than 13,500 collision repair facilities, 350 insurance companies, and a range of business partners. For more information about CCC Information Services, visit our Web site at www.cccis.com, contact Jeanene O'Brien at CCC Information Services Inc., 312-229-3083 or, contact Rich Ringer at HLB Communications, 312-649-0371.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm's technology and communications practice in the Midwest region focuses on developing and delivering superior customer service and products to rapidly changing technology and communications markets. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 90,000 people in over 130 countries. Deloitte & Touche refers to Deloitte & Touche LLP, Deloitte Consulting LLC, and related entities. For additional information, please visit Deloitte & Touche's website at www.us.deloitte.com.