BackWeb Technologies (Nasdaq:BWEB) said it ranked number 10 on the 2001 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.

Rankings are based on five-year percentage revenue growth from 1996-2000.

BackWeb grew 53,908% during this period.

In addition to ranking on the Deloitte & Touche Technology Fast 500, BackWeb ranked number 3 in the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in that region.

Overall, companies that ranked on the 2001 Technology Fast 500 had five-year growth rates ranging from 115,874 to 824%, with an average growth rate of 6,184%.

Fast 500 selection and qualifications
The Fast 500 list is compiled from three sources: winners of Deloitte & Touche's 22 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.

To qualify for the Fast 500, entrants must have had 1996 revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively.

Entrants are public or private companies headquartered in North America and must be a "technology company", defined as a company that develops proprietary technology which contributes to a significant portion of the company's operating revenues, manufactures a technology-related product, or devotes a high percentage of effort to research and development of technology.