FOR IMMEDIATE RELEASE                                                 

CONTACT: Arthur H. Mazor

Chief Strategy Officer

+1 678.736.5591

EXXOVA AND SUMMIT TECHNOLOGY FORM STRATEGIC PARTNERSHIP

DELIVERING POWERFUL PEOPLESOFT® MANAGED SERVICES & SOLUTIONS

Alpharetta, GA – June 30, 2010 – Exxova, a rapidly growing technology and outsourcing firm, announces today a strategic partnership with Summit Technology, a leading provider of PeopleSoft® services and an Oracle Gold Partner.

The strategic partnership combines Summit Technology’s high value-low risk PeopleSoft® Managed Services solution with Exxova’s innovative PeopleSoft® Upgrade Lab and RapidosSM accelerators. The unique solution enables clients to acquire application management, hosting and operational maintenance services in a flexible delivery model built on deep functional domain and proven technical expertise. The integrated solution provides a blend of on-going routine maintenance as well as upgrades and special projects support.

“Leaders today are actively seeking solutions that provide access to resources that flex to business needs while maintaining a fixed and predictable cost of operation. Our enhanced PeopleSoft® Managed Services solution provides that flexibility across application management, operations management and hosting services in a modular way,” said Gerald Newsom, Summit Technology CEO.

The Exxova-Summit partnership provides clients unique access to a PeopleSoft® Managed Services solution that blends proven tools, methodologies and highly experienced resources across Summit Technology’s and Exxova’s delivery centers in the United States and India.

Through the Personal AssistantSM web-based platform, clients access a visual dashboard, to oversee and manage support priorities and ensure continuous alignment with business needs. The solution’s unique approach enables response times averaging 10 minutes, driving significant value through speed and focus on clients’ critical application support requirements.

Exxova’s Chief Strategy Officer, Arthur H. Mazor, added, “Our strategic partnership with Summit Technology brings clients a highly accessible service for a new way of supporting the complexities of application management across all modules of PeopleSoft®, helping accelerate leverage of delivery cloud and virtualization. Most importantly, the model mitigates risk by integrating with clients’ existing teams and project cycles.”

ABOUT EXXOVA

Exxova serves its clients in complex technology, enterprise systems integration and business process outsourcing. Enabling clients to achieve high quality, cost effective outcomes through highly experienced associates in a multi-shore delivery model, Exxova provides capabilities in Human Resources, Retail & Supply Chain, Business Intelligence and Customer Relationship Management across industries and offers Industry-Focused solutions in Healthcare and the Public Sector. Based in Alpharetta, GA and with offices in New York, London and Hyderabad, Exxova is privately held and continues to grow rapidly as it has since the company’s founding in 2005. For more information about Exxova, please visit www.exxova.com.

ABOUT SUMMIT TECHNOLOGY

Founded in 2001 by a group of innovative individuals, Summit is considered to have one of the strongest management teams and staff of senior consultants in today’s PeopleSoft® marketplace. With an average of 12 – 15 years’ experience in Human Resource, Financial Management and Supply Chain applications and Application Outsourcing, Summit Technology offers proven end-to-end PeopleSoft® application solutions. Services include: implementation, upgrade, operational support, and full hosting services. Summit’s corporate office is located in Athens, AL, with regional offices and associates strategically based throughout the United States, serving clients worldwide. For additional information, please visit: www.summitsti.com.

NEW YORK, August 12, 2009 – Inc. magazine today ranked Summit Technology, Inc. NO. 2280 on its third annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year’s list.

“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”

About Summit Technology

Classic: A superior example of its kind. At Summit Technology, that is exactly what we are, CLASSIC. We are the CLASSIC example of a company COMMITTED to its customers’ satisfaction. We know our clients are our lifeline, for they are the only means to truly convey the Summit story. It is imperative that our customers are not only satisfied with our work, but also with the way we treat them as we work together to complete projects. Our employees recognize our COMMITMENT to excellence on every level and will work to ensure that our clients receive great results with every endeavor, regardless of its size. We are CONFIDENT in our employees and our ability to successfully meet your consulting needs!

Summit Technology was founded in 2001. The formation of this innovative company brought one of the strongest management teams and staff of senior consultants into today’s PeopleSoft marketplace. With more than 16 years of experience in Human Resource, Financials and Supply Chain applications as well as being an Application Outsourcing Provider, Summit Technology offers proven solutions to a host of your company’s ERP application requirements.

Summit Technology’s corporate office is located in Athens, AL., with a regional office located in Atlanta, GA. Summit Technology serves clients worldwide. For more information, visit their Web site at www.summitsti.com.

The 2007 Inc. 5000, as revealed online at www.inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.

The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.

This year’s list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year’s list, up from 135 last year. Health is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).

The Hottest Regions for Fast-Growing Companies

Once again, California tops the Inc. 5000 with the most companies of any state with 612. The Golden State is followed by Texas (393), New York (316), Florida (263), and Virginia (261). All 50 states, plus Washington, D.C., and Puerto Rico, are represented on this year’s list.

New York boasts 371 Inc. 5000 companies, making it the top metropolitan area, followed by Washington, D.C. (317), Los Angeles (253), Atlanta (209), and Chicago (203).

The Inc. 5000 at a Glance

Bolstered by this year’s No. 1 company, Northern Capital Insurance, Insurance emerged as the top industry, with an average growth rate of 667 percent. Other strong performers include Energy (523 percent) and Government Services (491 percent).

In total, the companies on the Inc. 5000 have created more than 1 million jobs. Health is the top employer with 156,223 jobs, followed by Business Products & Services (122,911), IT Services (89,632), Food & Beverage (86,572), and Construction (65,494).

IT Services had the most companies on this year’s list with 658, followed by Business Products & Services (502), Advertising & Marketing (398), Construction (354), and Manufacturing (342).

Topping this year’s list is Northern Capital Insurance, a Miami-based firm that is helping to revolutionize Florida’s ailing insurance industry. The company generated $95 million in revenue in 2008 and an impressive three-year growth rate of 19,812 percent.

The top woman-owned company is P3S (No. 17 overall), a San Antonio–based firm that provides IT network security and physical security services, mostly to the Defense Department. P3S, owned by Mary Ellen Trevino, recorded revenue of $13.5 million in 2008 and a three-year growth rate of 5,898 percent. The top minority-owned company is Harley Stanfield (No. 3 overall), a Washington, D.C.–based real estate investment firm that buys existing properties, makes them energy efficient, and then resells them as investment properties. Harley Stanfield, founded by Cedric Franklin, posted revenue of $38.4 million in 2008 and a three-year growth rate of 13,350 percent.

The Inc. 5000 posted an aggregate revenue of $214 billion in 2008, up nearly 16 percent from the previous year. The top five industries by total revenue include Health ($22.7 billion), Business Products & Services ($19.6 billion), Construction ($18.8 billion), Energy ($14.7 billion), and IT Services ($13.2 billion).

The Top 10 Inc. 5000 Companies Ranked by Growth

The Top 10 Inc. 5000 Companies Ranked by Total Revenue

Methodology

The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.

About the Inc. 500|5000 Conference

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. 5000 community, both a new class of Inc. 5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 23–25, 2009, at the Gaylord National Resort and Convention Center in National Harbor, Maryland. For more information about the 2009 Inc. 500|5000 Conference & Awards Ceremony, and to register, visit www.Inc5000event.com. Stay connected with Inc. Events by following @IncEvents on Twitter.

Contact: Elizabeth McClary
Summit Technology, Sales/Marketing
Cell Phone: (256) 527-5422
Office: (256) 771-1656 .x157
E-Mail: emcclary@summitsti.com

With Personal Assistant, clients select the level of support desired and specify the skills required to support their PeopleSoft operations, enhancements, or upgrades.  For each request, Summit tailors a support team with the appropriate skills to meet the customer’s unique needs.   Managed by a Summit Account Director, the personalized support team works to ensure that clients enjoy improved service levels, faster issue resolution, reduced cost of PeopleSoft® ownership, and minimal risk associated with full operational readiness.

According to Garry Coats, PeopleSoft Team Manager at AgFirst Farm Credit Bank, “Personal Assistant has been very useful for our needs.  We need to track work and who participated on our support and enhancement work in PeopleSoft.  We are able to quickly determine the status and cost of our support work easily and effectively using Summit’s Personal Assistant tools.”

Personal Assistant is a novel approach to ERP support because it allows each client to pick and choose both the level of support desired, from ½ FTE up to full hosting options, as well as the specific expertise of the consultants that they need, functional and/or technical.  Thus, Summit works with each client to personalize a unique team of PeopleSoft experts to meet their operational or project specific needs. 

For more information on Personal Assistant or to request a free trial, contact Ms. Elizabeth McClary or Mr. Bill Cade at 866-446-1891 x1 or visit us at http://www.summitsti.com/.

About Summit Technology
Summit Technology Inc was voted by Inc. 5000 magazine as one of the fastest growing private companies in the country for two consecutive years, 2007 and 2008.  Founded in 2001 by a group of innovative individuals, Summit is considered to have one of the strongest management teams and staff of senior consultants in today’s PeopleSoft® marketplace.  With an average of 12 – 15 years of experience in Human Resource and Financial Management applications, Summit offers proven solutions to a host of ERP application needs including; implementation services, operational support, and full hosting services.   Summit’s corporate office is located in Athens, Alabama, with regional offices and employees strategically positioned throughout the country.  Summit Technology also serves clients worldwide. For additional information, please visit: http://www.Summitsti.com.

About AgFirst
AgFirst Farm Credit Bank is part of the Farm Credit System, the largest agricultural lending organization in the United States.  With assets of more than $29 billion, AgFirst provides funding and financial services to 23 farmer-owned financial cooperatives in 15 eastern states and Puerto Rico. These cooperatives, operating as Farm Credit and Ag Credit agricultural credit associations, provide real estate and production financing to 80,000 farmers, agribusinesses, and rural homeowners.  To learn more about AgFirst, visit them on the web at http://www.agfirst.com.

-End-

With Three-Year Sales Growth of 352.1%

 Inc.5000 today ranked Summit Technology Inc., based in Athens, AL,1064 on its Inc. 5,000 list of the fastest-growing private companies in the country.  Summit Technology was also ranked Number 11 among the fastest growing companies in Alabama, and the Number 1 fastest growing consulting company in Alabama. The Inc. 5,000, an extension of Inc. magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.  “The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan.  “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.

About Summit Technology

Classic: A superior example of its kind.  At Summit Technology, that is exactly what we are, CLASSIC.  We are the CLASSIC example of a company COMMITTED to its customers’ satisfaction.  We know our clients are our lifeline, for they are the only means to truly convey the Summit story.  It is imperative that our customers are not only satisfied with our work, but also with the way we treat them as we work together to complete projects.  Our employees recognize our COMMITMENT to excellence on every level and will work to ensure that our clients receive great results with every endeavor, regardless of its size.  We are CONFIDENT in our employees and our ability to successfully meet your consulting needs!

Summit Technology was founded in 2001.  The formation of this innovative company brought one of the strongest management teams and staff of senior consultants into today’s PeopleSoft marketplace.  With more than 15 years of experience in Human Resource, Financials and Supply Chain applications as well as being an Application Outsourcing Provider, Summit Technology offers proven solutions to a host of your company’s ERP application requirements.

 Summit Technology’s corporate office is located in Athens, Ala., with employees located throughout the country.  Summit Technology serves clients worldwide.  For more information, visit their Web site at www.summitsti.com.

The 2008 Inc. 5,000, is revealed online at www.inc.com..  Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.

Summit hosted employees nationwide as they celebrated being ranked in the top 5,000 fastest growing private companies in the country for the last two years. Summit Technology is an ERP consulting firm based here in Athens. They are committed to their roots by employing recent graduates from nearby universities such as Athens State, University of Alabama, UAH, and UNA. As they continue to bring people from every country to their hometown, Summit is not only providing jobs but they feel strongly about keeping our local retailers in business.

Click here to download photos from this event.

Contact: Elizabeth McClary
Summit Technology, Sales/Marketing
Cell Phone: (256) 527-5422
Office: (256) 771-1656 .x157
E-Mail: emcclary@summitsti.com

Click here to learn more about Summit or call us today.