Adaptik Corporation Recognized as one of the Fastest Growing Companies on Deloitte’s 2010 Greater Philadelphia Fast 50 for the Third Year in a Row

Bethlehem, PA, October 22, 2010 — Adaptik Corporation today announced that it ranked number 16 on the 2010 Greater Philadelphia Fast 50, Deloitte’s ranking of 50 of the fastest growing technology, life sciences and clean technology companies in the Greater Philadelphia region. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. Adaptik grew 228 percent during this period.

Adaptik's president, John Pettit, credits employee dedication and PolicyWriter’s patented technology with the 228% revenue growth.

"We are delighted to be recognized as one of the fastest growing companies in the region for the third year in a row," said Pettit. "This accomplishment is a testament to the value we bring to our customers and strengthens our commitment to provide proven and effective solutions in today's P&C insurance market place. This is a significant achievement for all of us here at Adaptik and we congratulate the other 49 recipients."

"Adaptik and the other 2010 Greater Philadelphia Fast 50 winners forged ahead in a challenging economic environment to realize exceptional growth," said Tara L. Weiner, managing partner, Greater Philadelphia region, Deloitte. "Deloitte commends Adaptik for this impressive accomplishment."

Adaptik previously ranked 9 as a Greater Philadelphia Fast 50 award winner for 2009 and 11 for 2008.

For details on the 2010 Greater Philadelphia Fast 50 including selection and qualifying criteria, visit www.deloitte.com/us/phillyfast50

About Adaptik

Adaptik, the creator of PolicyWriter, develops highly adaptive policy administration software solutions that are designed to improve speed-to-market for new products and scale to support large numbers of users and high transaction volumes. They are committed to providing P&C insurers with advanced business functionality while substantially lowering the risks and costs associated with system replacement and maintenance. For additional information on how PolicyWriter can help transform your business visit www.adaptik.com.

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Corporate Contact:
Laura Ford
Adaptik Corporation
1495 Valley Center Parkway, Suite 120
Bethlehem, PA 18017
800.306.1062 ext. 109
lford@adaptik.com

Media Contact:
Gwen Hoover
Altitude Marketing
610.421.8601 ext. 4
gwen@altitudemarketing.com

This release was published on openPR.