Ableton AG is One of the Fastest Growing and Most Innovative High-Tech Companies in Germany

Ableton AG is One of the Fastest Growing and Most Innovative High-Tech Companies in Germany

Ableton AG has Reached Number 20 in the Fast 50 - Germany's Fastest Growing Technology Companies - and was a Finalist in the "Entrepreneur of the Year 2007" Competition

BERLIN, October 24/PRNewswire/ -- Ableton AG, one of the world's leading providers of standard music software, announced its ranking in the Deloitte Technology Fast 50, a listing of the fastest growing technology companies in Germany. Ranking in the listing is based on a company's aggregate percentage revenue growth calculated over the last five years, from 2002 to 2006. Ableton AG was able to tally a growth rate of over 560 percent during the period, thus grabbing the number 20 spot in the Fast 50 ranking.

Moreover, the Board of Directors at Ableton AG, consisting of Gerhard Behles (CEO), Bernd Roggendorf (CTO) and Jan Bohl (COO/CFO), was among the finalists in the "Entrepreneur of the Year 2007" award. For the 11th time now, tax and consulting firm Ernst & Young nominated the top medium-sized companies in Germany. More than 350 competitors took part this year in the strict, multitiered selection process that leads to the Entrepreneur of the Year 2007.

This makes Ableton one of the fastest growing and most innovative companies in Germany. Since its founding in 1999, Ableton has been developing and marketing modern music software for DJs, musicians, bands, film score composers and theatre sound systems. The company's flagship product, Ableton Live, has made Ableton AG one of the leaders in the music industry and has been distinguished with a number of coveted industry-wide awards.

"We are proud to be one of the fastest growing and most innovative technology companies in Germany," said Jan Bohl. "We have managed to form a solid commercial framework with the development and marketing of music software over the last several years and we have a fast-growing customer base in the international music business."

Version 7 of Ableton Live and a new series of software instruments will be launched onto the market soon. "We are looking forward to the positive feedback from customers regarding the announcement of Ableton Live 7 and the new instruments," said Gerhard Behles. Ableton cooperated for the first time on this release with Applied Acoustics Systems, a renowned Canadian software company specialising in software instruments. "We are very happy with the results of this cooperation," continued Behles.

About Ableton

Ableton is a corporation whose core product, Ableton Live, has become a key platform for computer-based music creation, production and performance. Ableton markets its products worldwide, and its rapidly growing user base stands at approximately 600,000 users as of today. In 2006, Ableton generated revenues of EUR 7.2 million. In 2007, a double-digit percentage increase is anticipated. Ninety percent of the generated revenue was achieved abroad in fiscal year 2006. Ableton employs 93 people in its Berlin and New York offices.

About Deloitte Germany

Deloitte is one of Germany's leading auditing and consulting companies. Its wide range of services includes auditing, tax consultation and business and corporate finance consulting. With 3,400 employees in 18 branch offices, Deloitte has been managing a client list with companies and institutions of all legal forms and sizes and from every possible industry for nearly 100 years. The Deloitte Touche Tohmatsu network makes Deloitte part of a truly global company, with 135,000 employees in around 150 countries across the world.

About the "Entrepreneur of the Year" award

Ernst & Young organises the corporate competition "Entrepreneur of the Year" in more than 50 countries around the world. For Germany, 2007 marked the 11th year that the award has been given. The distinction identifies and honours top entrepreneurial efforts. A high-ranking and impartial jury consisting of businesspeople and scientists select the "Entrepreneur of the Year" in the categories Industry, Trade, Services, Information and Communications Technology/Media and Start-ups. Renowned companies and the media sponsor the competition as partners. Among them are BMW, IKB Deutsche Industriebank, Capgemini, Frankfurter Allgemeine Zeitung and Manager Magazine.

About Ernst & Young

Ernst & Young AG, with headquarters in Stuttgart, is one of the three leading German auditing and consulting companies and is a member of the international network of Ernst & Young Global. In tax consultation, Ernst & Young is the number one among the German auditing and tax consulting firms. Ernst & Young employs about 6,250 people in 21 locations and generated revenues of EUR 1.01 billion in fiscal year 2005/2006. The nearly 114,000 employees at Ernst & Young Global generated revenues of US$ 18.4 billion in fiscal year 2005/2006.

As a business partner, the Ernst & Young network in Germany offers both large- and medium-sized companies a comprehensive portfolio of services, from auditing and tax consultation to transaction, management, risk and real estate consultation.

          Ableton Contact - Public Relations     Claudia Weidner     Schonhauser Allee 6/7     D - 10119 Berlin     T: +49-30-2887630     F: +49-30-288763-11     weidner@ableton.com  

http://www.ableton.com

Source: Ableton AG

Ableton Contact - Public Relations, Claudia Weidner, Schonhauser Allee 6/7, D - 10119 Berlin, T: +49-30-2887630, F: +49-30-288763-11, weidner@ableton.com

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Profile: International Entertainment