MINNEAPOLIS, Nov. 28, 2012 (GLOBE NEWSWIRE) -- Navarre Corp. (Nasdaq:NAVR) ("Navarre") subsidiary SpeedFC, Inc., a leading provider of e-commerce services to retailers and manufacturers, has been ranked number 279 on Deloitte's 2012 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
SpeedFC has grown its revenue 274% between 2007 and 2011. President and Founder Jeff Zisk credits this strong growth to their technology-based, end-to-end e-commerce services, robust client base and the growing number of consumers shopping online.
"We pride ourselves on providing exceptional customer service and innovative business solutions to our clients," said Zisk. "These two practices have helped SpeedFC significantly grow our revenue over the last five years and we are honored to be included among the many outstanding companies on the list."
With approximately 800,000 square feet of distribution space in Dallas, TX and Columbus, OH, SpeedFC is a premiere e-commerce service provider for many of the country's leading retailers, including: MetroPCS, Justice Stores, Yankee Candle Co., Cache, Dressbarn, Shopko and more.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About SpeedFC, Inc.
Established in 2000, SpeedFC is a leading provider of end-to-end e-commerce services based in Dallas, Texas. The company provides a suite of services, including SaaS e-commerce platforms, tier 4 web hosting, proprietary cross-channel order management and reporting, and high performance fulfillment and customer care to online retailers and manufacturers. As a single-source provider, SpeedFC enables clients to focus on one consistent partner relationship dedicated to building and protecting their online brand.
SpeedFC works with more than 30 major brands, ranging from apparel manufacturers to general merchandisers and gift retailers. Clients include: Justice, the largest premier tween specialty retailer in the world; Spencer Gifts, a leading seller of gift and Halloween products; The Yankee Candle Company, the nation's bestselling candle brand; and MetroPCS, America's leader in no-annual-contract cell phone service. For more information, visit www.SpeedFC.com.
SpeedFC is a wholly-owned subsidiary of Navarre Corporation. Founded in 1983, Navarre® is a vertically integrated, full-service platform for retailers and manufacturers. The company uniquely offers multi-channel sales solutions, including retail distribution programs, e-commerce fulfillment and third party logistics services. Navarre is headquartered in Minneapolis, Minnesota. For additional information, please visit the company's website at www.Navarre.com.
CONTACT: Investor Relations Liolios Group, Inc. Cody Slach 1-949-574-3860 NAVR@Liolios.com