MQSoftware Named One of Minnesota's Fastest Growing Technology Companies in Deloitte & Touche Fast 50; MQSoftware Ranks Number 10 on Minnesota Technology Fast 50 List

Business Wire,  Sept 19, 2003  

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Business Editors/High-Tech Writers

MINNEAPOLIS--(BUSINESS WIRE)--Sept. 19, 2003

MQSoftware, Inc., a leading provider of transaction monitoring, middleware management and EAI technology solutions has been named to the Deloitte & Touche prestigious Minnesota Fast 50, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues over five years. MQSoftware ranked number 10 on the list for 2003 with 1042% growth. MQSofware has been on the list for the last three years and was number 7 in 2002 and ranked number 1 in 2001.

"In today's economy, (double or triple-digit) percentage growth is an exceptional accomplishment," said Ron Hafner, a partner at Deloitte & Touche. "We commend MQSoftware for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor MQSoftware as a Deloitte & Touche Technology Fast 50 winner."

"We are very pleased to be recognized by the Fast 50 for the third consecutive year," said Bill Cecchi, president and chief executive officer at MQSoftware, Inc. "This award is recognition of the value that our customers place on our products and services as well as a direct reflection of the talents and immense contributions of our dedicated employees."

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1 million in 2002; must be public or private companies headquartered in Minnesota; and must be "technology companies" defined as companies that own proprietary technology or devote a high percentage of effort to the research and development of technology. Winners of the 20 regional Fast 50 programs in the U.S. and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services through nearly 30,000 people in more than 80 U.S. cities. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us.

About MQSoftware

MQSoftware provides a comprehensive line of transaction monitoring, middleware management and enterprise application integration products and services. MQSoftware markets the Q Nami!(TM) business transaction monitoring application and Q Pasa!(R), a middleware management solution that works with the IBM WebSphere family of products to address the management and delivery of business services. MQSoftware has regional offices located throughout North America, and international offices and business partners throughout Europe and Asia/Pacific. For more information visit, www.mqsoftware.com.

MQSoftware and Q Nami! are trademarks and Q Pasa! is a registered trademark of MQSoftware, Inc. IBM, WebSphere and MQSeries are registered trademarks of International Business Machines Corporation. All other tradenames are the property of their respective owner.

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