Attributes its 265% Percent Revenue Growth to Focus on Needs of Education Market
San Carlos, California, October 23, 2007 — Luidia Inc., a leading global provider of idea capturing technology and manufacturer of eBeam interactive systems, has been named a Rising Star on Deloitte’s 2007 Technology Fast 500. 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.
“Interactive teaching is quickly becoming mission critical to education and our eBeam technology has become a huge hit with teachers and students worldwide,” said Rafi Holtzman, CEO of Luidia. “Luidia is providing a new generation with tools that enable collaboration and teamwork that will provide the ideas for tomorrow. Together with our partners and OEMs, we can improve collaboration, teamwork, and productivity in every classroom and every the boardroom.”
“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 Luidia 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 $50,000 USD or $75,000 CD, for the United States and Canada, respectively, and 2006 operating revenues of at least $5 million USD or CD.
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.
Luidia produces eBeam portable interactive solutions that work with existing writing surfaces to capture meeting notes as they are created and, in conjunction with digital projection, turn traditional whiteboards into interactive ones. Luidia also provides its award-winning Idea Capturing Technology to industry leaders such as 3M, ACCO, Hitachi, NEC, edding AG, and Uchida, who incorporate the technology into compelling new interactive presentation and display products.
Formerly a division of Electronics for Imaging (NASDQ: EFII), Luidia was incorporated in July 2003.
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