Snowdrop Listed in Deloitte Technology Fast 50 for Second Consecutive Year
October 2004

Snowdrop Systems today announced that it ranked Number 40 in the 2004 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in London and South East. This is the 2nd year running that Snowdrop has been listed. Rankings are based on average percentage revenue growth over five years, from 1999-2004. Snowdrop grew 165% during this period.Michael Richards CEO, credits a strong company commitment to exceeding customer expectations and a generally supportive team network, with the company's revenue growth over the past five years. He said, "Within the last 13 years I have witnessed Snowdrop grow steadily from a business vision to a successful, market-leading organisation. I am delighted that we have been ranked in the fast 50 and look forward to seeing us placed even higher next year."

"Growing the top line enough to make the Deloitte Technology Fast 50 is especially meaningful during tough economic times for the technology sector," said William Touche, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Snowdrop on becoming one of the 50 fastest growing technology companies in the UK and Ireland."