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News South Burlington, VT, May28, 2008: iTech US, Inc. (iTech), has been named by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC-EF) as one of its 50 Fastest-Growing Asian American Businesses. The official announcement was made during the 23rd Anniversary CelebrAsian Annual National Business Opportunity Conference 08, on May 28 at the Hilton Washington hotel in Washington, DC. A special presentation took place at The White House and at the Excellence Awards Gala Dinner at the Hilton Washington the same evening. All of us at iTech are honored to receive this recognition from the USPAACC, the White House and our congressional leaders, said Kishore Khandavalli, the CEO of iTech. The growth has come from our ability to hire and retain good, high quality people. This recognition really validates the hard work and successes that we’ve had. We congratulate our 50 Fastest-Growing Asian American Businesses for generating robust growth over the years yet another indicator that through innovation, hard work and ingenuity, Asian Americans are at the forefront as engines of growth in our national economy, said USPAACC-EF National President & CEO Susan Au Allen. To qualify for the ranking, companies must be owned by one or more Asian Americans (at least 51% ownership), among other eligibility criteria. Based on percentage revenue growth over three years, selection was determined through direct applications and nominations. All finalists and winners were independently verified by the accounting and consulting firm of BDO Seidman, LLP.
October 18, 2007 South Burlington, VT, October 23, 2007: iTech US, Inc. today announced that it ranked number three on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. iTech's CEO, Kishore Khandavalli, credits hiring talented people with the equally committed goal of providing reliable, cost-effective solutions to customers with the company's 39,392% revenue growth over the past five years. "It wasn't our intention to grow as we did," says Khandavalli. "That was a by-product of doing the right things, delivering projects on time and within or under budget, and treating our employees right." "To rank on Deloitt's Technology Fast 500, companies must achieve phenomenal revenue growth over five years," said Phil Asmundson, Vice Chairman, U.S. Technology, Media & Entertainment and Telecommunications, Deloitte & Touche USA LLP."We applaud iTech US for being among the fastest growing companies in North America." In addition to ranking on Deloitte's Technology Fast 500, iTech US ranked number one on the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the northeast.
October 18, 2007 South Burlington, VT, September 19, 2007: iTech US, Inc. today announced that it ranked number one on Deloitte's 2007 Technology Fast 50 for the New England Region, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the New England area. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. "I really didn't expect to come in first on Deloitte's list; that was unbelievable." said Kishore Khandavalli, CEO of iTech. "These rankings really validate the hard work and successes that we've had as a company. Plus I'm sure it will come in handy with potential new clients, a real door-opening tool if you will."
August 30, 2007 South Burlington, VT, August 30, 2007: When iTech US President and CEO Kishore Khandavalli received the call that his four-year-old company had made the Inc. 500 list for America's fastest growing private companies, he wasn't too surprised. That's because iTech has experienced over 1,474 percent growth in the last three years, 2003 - 2006. Khandavalli hasn't had too much trouble getting in the doors of some of America's largest companies. He can boast clients such as Microsoft, Bally, Lehman Brothers, Pitney Bowes, and Qualcomm, just to name a few. iTech is a computer and software services company, which primarily focuses on developing custom software to meet the client's needs. The company specializes in data-warehousing, which manipulates raw data into more user friendly and manageable form based on a set of criteria. Khandavalli has demonstrated tremendous success in retaining talented staff to tackle software projects at clients' location. His next step is to create a "Tech Center" in Vermont staffed with software engineers so that he'll be able to offer more custom and creative development solutions to clients that can be built here in the Green Mountain State. "My real goal when I started iTech was to provide reliable service and solutions to clients," said Khandavalli. "The growth has come from our ability to hire and retain good, high quality people. Vermont offers a lot of advantages to my business, including low-cost infrastructure, quality of life and loyal employees. But our continued growth will depend on being able to hire more qualified employees in Vermont or to encourage professionals to relocate to Vermont. I see that as my next big challenge." And of course, Khandavalli has a plan of action to be able to find qualified employees in Vermont. He hopes to begin conversations with the local colleges and universities to establish internship programs or advise on real-life course curriculum, so that students in Vermont will easily transition into successful high-tech careers here instead of out of state.
"I want to expand on the in-house project side and develop a tech center here in Vermont," Khandavalli stated. "I really think this is achievable."
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