eCollege® Named to Forbes’ List of 25 Fastest Growing Technology Companies for Third Consecutive Year

CHICAGO, Feb. 2 /PRNewswire-FirstCall/ — eCollege(R) , a leading provider of value-added information services to the post-secondary education industry, today announced it has been named to Forbes’ list of the 25 Fastest Growing Technology Companies for the third consecutive year. eCollege ranked eighth on the list this year, up from twelfth on the list last year.

“This recognition demonstrates our strong financial growth over the last five years, which we attribute to the quality of our people, the quality of our products and services, and the fact that we serve the fastest growing segments of the education market,” said Oakleigh Thorne, chairman and CEO of eCollege.

According to Forbes, companies on the list must have a minimum of $25 million in sales and have been profitable over the last 12 months. Companies also must have had sales growth of 10 percent a year, or better, for the last five years and consensus earnings forecasts of at least 10 percent annualized growth over the next three to five years. Companies with legal problems or other open-ended liabilities did not qualify. The article highlighting the 25 Fastest Growing Technology Companies can be found in the February 13, 2006 issue of Forbes, as well as online at http://www.forbes.com/

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