Merrick Systems Ranks Among Fastest Growing Companies in North America on Deloitte’s 2010 Technology Fast 500TM October 2010
Attributes its 149% growth to innovation and excellence
HOUSTON – October 20, 2010 – Merrick Systems, a market leader in industrial information technology for the oil and gas industry, today announced its listing in the 2010 Technology Fast 500TM, Deloitte’s ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. With 149% growth, Merrick is ranked number 495 on the list, based on percentage of fiscal year revenue growth during the period from 2005‐2009.
“Holding on to our vision of leading innovation and delivering best‐of‐breed solutions for oil and gas production and drilling operations enabled Merrick to maintain its growth despite the global economic turbulence and the specific challenges facing the energy industry this past year,” stated Samina Farid, Co‐Founder and Chairman of Merrick Systems. “We are honored to be named to the prestigious Technology Fast 500 list for the fourth time and thank our loyal clients and dedicated team for driving Merrick to its highest standards of quality in our products and services.” she added.
“Merrick and the other 2010 Technology Fast 500 winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, Vice Chairman and Deloitte’s U.S.
technology, media and telecommunications leader. “Deloitte commends Merrick for this impressive accomplishment.”
“Merrick has proved itself to be one of the fastest growing tech companies in North America and we are proud to honor them as one of the 2010 Technology Fast 500” said Mark Jensen, Managing Partner, Venture Capital Services, Deloitte & Touche LLP.
Merrick Systems is an established market leader in information technology for the oil and gas industry, providing innovative software, hardware and professional services to address production operations, engineering and asset management. Merrick’s integrated applications include real‐time surveillance and optimization; field operations management; field data capture; hydrocarbon production accounting; mobile computing for field and drilling operations and ruggedized RFID for drilling and asset management. To learn more about Merrick, visit www.MerrickSystems.com.
For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit www.fast500.com.
Merrick Systems, Inc.
# # #