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Press Releases
9/27/2006
MILA Named One of Pacific Northwest¡¯s Fastest Growing Technology Companies in Deloitte¡¯s Technology Fast 50 Program
High tech lender only mortgage company to land on list for second consecutive year
MOUNTLAKE TERRACE, Wash. - Sept 29, 2006 - MILA, Inc. has been named to Deloitte's prestigious Technology Fast 50 Program for the Pacific Northwest, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Washington, Oregon and Idaho by Deloitte & Touche USA LLP, one of the nation¡¯s leading professional services organizations. Rankings are based on the percentage revenue growth during the five years from 2001-2005.
MILA¡¯s increase in revenues of 1063 percent over five years resulted in a seventh place ranking in the Technology Fast 50 for the Pacific Northwest. The overall increase in revenue among companies who made the Technology Fast 50 for this region was 607 percent.
"In this challenging market," explained Layne Sapp, founder and CEO of MILA, "this honor is all the more meaningful for us. We truly have transformed our business over the past five years to become the nation¡¯s leading hi-tech mortgage company, transforming the very process by which home loans are originated. Being the only mortgage company on this Technology Fast 50 list is testament to that commitment."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte¡¯s Technology Fast 500 program, which ranks North America¡¯s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte¡¯s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About MILA Inc.
MILA, Inc. is one of the fastest-growing e-commerce mortgage solution providers in the nation currently serving the wholesale residential market in 33 states with a broad range of mortgage lending products. Financial strength, management stability, and proprietary, cutting-edge technology give MILA the ability to meet the challenges of the ever-changing mortgage lending market and to anticipate market trends. For more information visit www.mila.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other¡¯s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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