COPENHAGEN, Denmark, 3 March 2005
Milestone again awarded Deloitte Technology Fast 500 ranking and a first-time AAA rating from Dun & Bradstreet. Deloitte has again listed Milestone Systems as a fast-growth European technology company, while Dun & Bradstreet assigns the company a triple-A financial rating.
The Deloitte Technology Fast 500 EMEA awards for the year 2004 have been announced. This annual ranking reveals the leaders of the European technology industry chosen from 21 countries in Europe, the Middle East and Africa. It is the most objective industry-ranking standard to focus on the technology sector. Researched and sponsored by the Deloitte Technology, Media & Telecommunications (TMT) Industry Group, the 500 public and private companies on this prestigious list have earned the distinction of being the fastest-growing companies within the technology sector based on five-year revenue performance.
Milestone Systems A/S has now been chosen two years in a row for having achieved 349% and 416% growth rates. A developer of intelligent IP video surveillance operating systems, Milestone makes software designed with open architecture, allowing customers the widest choice of hardware from manufacturers of video cameras and computer servers connected to a LAN, WAN or the Internet. Milestone solutions are operating on more than 75,000 cameras worldwide, in a wide scope of industries. Based out of Denmark and with offices also in Italy and the USA, Milestone works with a qualified channel of 150 reseller partners in 50 countries.
"There are only three companies on the 2004 EMEA list who are based out of Denmark, so we consider this to be quite an honor. It certainly highlights our success in providing a leading solution for the international IP video surveillance market," says Lars Thinggaard, CEO at Milestone Systems.Simultaneous D&B AAA rating
Milestone Systems has simultaneously received notice that the company has achieved the highest financial reliability rating of AAA from Dun & Bradstreet, the leading provider of global business information and tools.
D&B has built the most extensive business information database in the world with over 82,000,000 companies. They collect and receive information from a broad array of sources, using computer validations to ensure a high standard of data quality. They also conduct manual validation checks and reviews, evaluating data consistency and using sophisticated models to compare incoming data on a given business to the data received on similar businesses of the same industry, age and size.
For every business credit record, D&B cross-checks that new business with their public filing database of over 120,000,000 records and trade database of 375,000,000 trade experiences. With over 160 years of experience, there is no more objective credit rating source in the marketplace.
"The triple-A rating from Dun & Bradstreet assures all customers and partners of Milestone Systems that they can be confident in their business dealings with us," concludes Lars Thinggaard.