PNMsoft Ranked by Deloitte Israel as One of "2008 Technology Fast 50"

London, November 6 -- PNMsoft was ranked in the 2008 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel.The Deloitte Fast 500 EMEA is one of the most comprehensive and respected ranking of the region's fastest-growing technology companies.

Today, the 2008 Deloitte Fast 50 results were announced. These results bear testament to the vibrancy of Israel's technology sector, even in challenging market conditions - PNmsoft's revenue growth rate was 329% (this growth is measured over five years from 2003 to 2007).

"Achieving sustained revenue growth of 329% over five years is a tremendous accomplishment for a technology company operating in a competitive world”, said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. “PNMsoft deserves a lot of credit for its remarkable growth, and we commend them for it. PNMsoft has proven that its leadership has the vision and determination to grow in difficult conditions.”

“We're delighted to have received this honor” said Gal Horvitz, PNMsoft’s CEO. “Our teams worked very hard in the last few years to make it happen. In these challenging times, we see a lot of demand for SEQUENCE - our BPM Software, as it has a proven record of cost reduction and business process improvement for the benefit of our customers and business partners. For us this is only the beginning as with the growth we’ve experienced globally we expect to be on Deloitte’s Fast 50 list in many more territories next year.”

For more details on PNMsoft,
please contact us or call Paul Sheridan: +44 (0) 192-381-3420