Lovett Miller & Co. Portfolio Company, Peopleclick, Ranks Third on Deloitte North Carolina Technology Fast 50 Second Year in a Row

September 2004

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Raleigh, NC. – (September 2004) – For the second year in a row, Peopleclick, one of the leading total workforce acquisition providers for global enterprises, was named the third-fastest growing company in North Carolina by Deloitte and Touche. Deloitte's North Carolina Technology Fast 50 program, celebrating its 10-year anniversary this year, honors the fastest growing technology companies in North Carolina based on revenue growth over a five-year period.
"To rank on the Deloitte Technology Fast 50, companies must have phenomenal revenue growth over five years," said Dave Hunt, partner, Technology, Media & Telecommunications, Deloitte & Touche, LLP. "Peopleclick has proven to be one of the fast-growth success stories in North Carolina , and we applaud their success and vision."

"We're very pleased with this recognition of the growth Peopleclick has achieved over the past five years," said Stephen A. Sasser, president and CEO. "Now we're focused on and excited about our future. We've been making key investments to ensure that we are an even better business going forward. For example, we've just invested over a million dollars in our data center infrastructure to accommodate on-going growth."
In addition to infrastructure investments, Peopleclick will increase spending in technology, research and development and its client facing organizations by 50 percent in the second half of 2004. The company plans to hire 60 new people.

The majority of the new hires will report to Steve Kim, chief technology officer, who is responsible for guiding Peopleclick's commitment to excellence in product development and customer support.
"Peopleclick had the best quarter for new sales in our history in Q2 2004, and has been cash flow positive and profitable on a GAAP basis for five consecutive quarters," added Sasser. "With continued investments in our infrastructure and organization, we are on track to deliver significantly enhanced and expanded product capabilities in 2004 and 2005."

About Lovett Miller & Co.
Lovett Miller & Co., co-headquartered in Jacksonville and Tampa, Florida, provides growth capital and shareholder liquidity for rapidly growing, privately held companies throughout the United States with a particular emphasis on technology-enhanced service companies and healthcare firms. The Firm invests in a range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts.  Lovett Miller & Co. typically invests $5 to $15 million in equity per company, although it is willing to consider both smaller and larger equity investments. For more information, visit

About Peopleclick
Raleigh, NC-based Peopleclick, a privately held company founded in 1997, is one of the world's leading enterprise-wide Total Workforce Acquisition providers. Peopleclick provides a holistic solution that includes products, services and expertise encompassing recruitment and vendor management, candidate relationship management, diversity planning and EEO/Affirmative Action compliance. With nearly 300 employees, Peopleclick currently serves more than 2,500 customers in 88 countries, including 50 of the Fortune 100. For more information on Peopleclick's products and services, call 1-877-820-4400.