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Oct 14, 2008

Hippo recognized by Deloitte as one of the fastest growing European technology companies

San Francisco, CA – October 14, 2008 – HIPPO, the leading developer of web-based, open source Enterprise Content Management Systen (CMS) and Portal software based in San Francisco and Amsterdam, today announced that for the second year in a row it has been ranked in the Deloitte Technology Fast 50 as one of the fifty fastest growing technology companies in the Netherlands. Companies are selected for the Deloitte Technology Fast 50 based on a variety of criteria including developing their own technology and revenue growth over the past five years.

Hippo is committed to the open source software model and has helped define a number of open standards. Developers from all over the world are working together to improve HIPPO products. HIPPO is also heavily involved in the Apache Software Foundation with key people involved in various Apache projects. Because of the commitment of the community to building quality products, it has grown fast. According to Deloitte, Hippo has experienced revenue growth of approximately 865%, ranking it number twenty out of the fifty companies.

Tjeerd Brenninkmeijer, CEO of HIPPO, said: “I want to extend my thanks to the entire HIPPO community for embracing our technology in 2008. The community has created a product that is adaptable, modular and scalable to millions of documents of all types. Our products are continuing to gain traction in large enterprises across multiple verticals because of the tireless dedication of our community.”

“At the beginning of the year we entered the U.S. market and have exceeded our sales targets for this key area. Our support model with guaranteed support and legal indemnification has been well received in the U.S. market. All signals are that this growth will continue in 2009 as more and more American companies are seeing the tremendous ROI open source technology can bring to their business. With our U.S. office now in full swing we are ready to meet this increase in demand for our products.”

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