IRVINE--- MTI Technology Corporation Selected Among North America's Top 500 Technology Integrators
MTI Technology Corporation (NASDAQ:MTIC) , a multi-national information infrastructure solutions provider, has been recognized by VARBusiness magazine as one of North America's top technology integrators. MTI placed number 175 among leading revenue producers in the 12th annual VARBusiness 500 ranking.
"We are extremely pleased to have received this recognition, which validates our continuing business strategy for transforming MTI into one of the industry's leading infrastructure systems integrators," said Tom Raimondi, Jr., president and chief executive officer for MTI. "Our unwavering commitment to delivering the best solutions, the highest quality consulting services and unparalleled support is evidenced by our strong revenue growth."
As a result of its disciplined approach and a strong go-to-market focus, MTI posted dramatic revenue growth in 2005. The VARBusiness ranking for MTI was based on the company's calendar year 2005 revenue figures, which reflected the financial information available at the time of the submission, and does not fully reflect MTI's fiscal year 2005 revenue growth year-over-year. MTI's fiscal year revenues in 2005 rose 59% to $132.6 million compared with $83.2 million the prior year.
"When we begin an engagement with a client, we start by analyzing and evaluating their business problem, then we design a total solution that meets their specific needs," added Raimondi. "But our role doesn't end there. We stay with our customer through the entire process and that's where our value is for the customer. MTI has about 330 employees and about 280 of them are customer-facing, and every single one of our people play a critical role in the 'single point of contact' philosophy that is driving our success."
According to VARBusiness, MTI exemplifies the best in leadership and business execution among the VARBusiness 500. The 500 companies are the leading revenue producers among solution provider organizations in North America and account for $378 billion in sales of information-technology (IT) services and products. Finalists were ranked according to their fiscal year 2005 revenue, based only on their reseller-related services business. The complete listing of the VARBusiness 500 is published in the June 12, 2006 issue.
About MTI Technology
MTI is a leading multi-national provider of consulting services and comprehensive information infrastructure solutions for mid to large-size organizations. With more than 20 years of expertise as a technology innovator, MTI is uniquely qualified to assess, design, implement and support a broad range of information management and infrastructure initiatives. As a strategic partner of EMC (NYSE:EMC) , MTI offers the best data storage, protection and management solutions available today. By employing a strategic, consultative approach, MTI provides customers with a single point of contact that eliminates complexities while delivering operational efficiencies and competitive advantages. MTI currently serves more than 3,500 customers throughout North America and Europe. Visit www.mti.com for more information. MTI is a registered trademark of MTI Technology Corporation. All other company, brand or product names are registered trademarks or trademarks of their respective holders.