2005.

ITA Software’s VP of Finance, Paul Fitzgerald, credits innovative technology, dedicated employees and strong business development with the company’s revenue growth. Fitzgerald said, “This is a tribute to our employees who create valuable solutions and provide tremendous service to our customers. Our rapid growth confirms that we are delivering solutions that solve the travel industry’s most complicated technology problems.”

Founded in 1996 by a group of computer scientists from Massachusetts Institute of Technology, ITA Software is an airline IT and services provider at the forefront of a new generation of technology that is changing the way the travel industry works. The company’s growth in revenues from 2001 to 2005 resulted in it being named to the Technology Fast 50 for New England. The average increase in revenues among companies who made the Technology Fast 50 for this region was 1,825 percent.

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 eligible to be entered into the 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.

In addition to this honor, ITA Software has recently been named one of the best places to work in Massachusetts by the Boston Business Journal.

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