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Mumbai, July 11, 2005: Rave Technologies, a leader in Outsourced Product Development, has been ranked as one of the fastest growing technology companies in Asia Pacific by Deloitte Touché – Asia Pacific Ranking 2005. The company has been ranked as per the average revenue growth over the past three years identified by Deloitte Touché – Asia Pacific Ranking 2005.

The Deloitte Technology Fast 500 Asia Pacific Ranking 2005 program conducted by Deloitte Touche Tohmatsu Asia Pacific, identifies the top 500 fastest growing technology companies in Asia Pacific region based on their percentage revenue growth over the last three financial years. It is part of a global program that run in parallel with other regional programs in EMEA, North America and Asia Pacific. It includes all areas of technology from Internet to life sciences, from computers to semiconductors. It covers both public and private companies.

“It is extremely encouraging to have made it to the Deloitte Technology Fast 500 Asia Pacific alongwith coming on top of the ranking in the Deloitte Technology Fast 50 list for India, it legitimates Rave’s vision of being the fastest growing product engineering services company in the world ,” said Anand Jhaveri, CEO Rave Technologies.

"Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry," said Ian Thatcher, partner in charge of Deloitte’s Technology Fast 500 Asia Pacific program. "We congratulate Rave Technologies on being one of the 500 fastest growing technology companies in the region."


About Rave Technologies
:
Since its inception in 1987, Rave Technologies a Pure Play Software Product Engineering Services Provider has earned a reputation for delighting its clients by consistently surpassing expectations and helping them deliver robust, market ready software products that meet the highest standards of engineering and user expereince.

Rave Technologies is distinguished by its unwavering commitment to delivering value by focusing on grooming efficient and talented personnel, innovation, technology strengths and quality practices. In addition, inherent to Rave’s processes, are practices that address key ISV concerns such as protection of intellectual property, knowledge retention and ROI.

Headquartered in India with a SEI-CMMi Level 3–compliant Global Delivery Center in Mumbai, Rave has a global footprint that encompasses USA, UK and European markets. With its global presence, Rave Technologies offers the benefits of both, the near-shore control and high quality, cost-effective offshore delivery.
 

Contact:
Ashish Desai
Rave Technoliges Pvt. Ltd.
Vice President - Marketing
ashish.desai@rave-tech.com