MCLEAN, Va. – While many Internet solutions firms targeting CUs have disappeared over the years, the ones that have hung around are doing well. Online Resources has been named one of the nation's 500 fastest growing technology companies by Deloitte & Touche for the second year in a row. The 2002 Deloitte & Touche Technology Fast 500 rankings are based on percentage revenue growth over five years, from 1997-2001, during which Online Resources grew 763%. Online Resources has about 500 financial institution clients. Online Resources' CEO, Matthew P. Lawlor, said ORCC's business model has them poised for profitability. "Thanks to our business model of recurring user fees leveraged over relatively fixed costs," said Lawlor, "we are approaching net income profitability, after attaining EBITDA and operating profitability earlier this year." [email protected]
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