Tri-State Shown as Second-Fastest-Growing Technology Region in Nation
NEW YORK, 11/14/2001 -- Sixty-six Tri-State companies have been included in the seventh annual Technology Fast 500 ranking announced today by the Deloitte & Touche Technology & Communications Group. The Technology Fast 500 ranks the fastest-growing technology companies in North America based on a five-year percentage revenue growth (1996-2000).
"The Tri-State Region continues to be one of the top-growing technology epicenters in the North America, second to Silicon Valley," said Noel Spiegel, managing partner for the Tri-State Technology and Communications practice of Deloitte & Touche. "With nearly one-third of the tri-state Fast 50 winners also ranked in the Fast 500 fastest-growing technology companies in North America, the Tri-State Region is poised for continued technological growth."
Medsite Inc., a New York-based company that provides online marketing and educational services to the pharmaceutical industry, is the leading Tri-State company ranking in the top 5 percent of this year's Fast 500 with revenue growth of 24,861 percent over the past five years.
GlobeSpan Inc., the second-fastest-growing Tri-State company in the Fast 500, provides integrated circuits, software, and system designs for DSL solutions worldwide. Based in Red Bank, New Jersey, GlobeSpan generated a 14,650 percent increase from $2,360,000 in 1996 to $348,098,000 in 2000. Overall, GlobeSpan Inc. was ranked #44.
"Medsite is thrilled to be the highest-ranked Tri-State company on the Deloitte & Touche Technology Fast 500," said Sundeep Bhan, president and CEO of Medsite Inc. "This ranking affords Medsite the credentials to continue to succeed in the Tri-State competitive technology arena."
Qualifying Criteria for the Fast 500
The Fast 500 list is compiled from three sources:
Winners and candidates of Deloitte & Touche's 22 regional North American Fast 50 programs
Nominations submitted directly to the Fast 500
Public company database research.
To qualify for the Fast 500, entrants must have had 1996 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively.
Entrants are public or private companies headquartered in North America and must be a "technology company," defined as a company that develops proprietary technology which contributes to a significant portion of the company's operating revenues, manufactures a technology-related product, or devotes a high percentage of effort to research and development of technology.
Tri-State Fast 500 Winners
The technology and communications group of Deloitte & Touche is pleased to acknowledge the following companies for their outstanding revenue growth and leadership in the Tri-State region:
Medsite, Inc., New York, New York
GlobeSpan, Inc., Red Bank, New Jersey
Tigris Consulting, New York, New York
24/7 Media, Inc., New York, New York
u1.net, Marlton, New Jersey
INT Media Group, Inc., Darien, Connecticut
Sybari Software Inc., East Northport, New York
Outpost.com, Kent, Connecticut
Register.com, Inc., New York, New York
DoubleClick Inc., New York, New York
MultiLink Technology Corp., Somerset, New Jersey
Modem Media, Inc., Norwalk, Connecticut
Intermedia Group, Inc, New York, New York
EDGAR Online, Inc., Norwalk, Connecticut
SVT Inc., New York, New York
Atlantic Technology Ventures, Inc., New York, New York
Harmonics Limited, LLC, Monroe, Connecticut
American Bio Medica Corp., Kinderhook, New York
WebMD Corporation, Elmwood Park, New Jersey
INVISION.COM Inc., Commack, New York
American Biogenetic Sciences, Inc., Copiague, New York
Global Consultants Inc., New York, New Jersey
Quadrix Solutions, Piscataway, New Jersey
Random Walk Computing, Inc., New York, New York
Celgene Corporation, Warren, New Jersey
Ivory Systems, Parsippany, New Jersey
Multex.com Inc., New York, New York
Take-Two Interactive Software, Inc., New York, New York
ScreamingMedia Inc., New York, New York
Cyber Dialogue Inc., New York, New York
SoftQuest Corp., Norwalk, Connecticut
CoreComm Limited, New York, New York
Internet Commerce Corporation, New York, New York
AppliedTheory Corporation, New York, New York
GRT Corporation, Stamford, Connecticut
Computer Design and Integration LLC, Teterboro, New Jersey
Lenel Systems International, Inc., Pittsford, New York
InterWorld Corporation, New York, New York
FitLinxx, Inc., Stamford, Connecticut
ORB, Inc., New York, New York
Open Solutions, Inc., Glastonbury, Connecticut
Novasoft Information Technology, Lawrenceville, New Jersey
e-Media LLC, Stamford, Connecticut
IDT Corporation, Newark, New Jersey
Milestone Scientific, Livingston, New Jersey
Radiant Systems, Inc., South Plainfield, New Jersey
CarbonMedia, Inc., New York, New York
UP Technologies, Inc., Piscataway, New Jersey
NexusGroup, New York, New York
PartMiner Inc., New York, New York
Diaspark Inc., New York, New York
New Paradigm Strategic Communications, New York, New York
Immunomedics, Inc., Morris Plains, New Jersey
SimStar Internet Solutions, Princeton, New Jersey
Albany Molecular Research, Inc., Albany, New York
Vertex Interactive, Inc., Fairfield, New Jersey
Forza-Bassett Technology Solutions, Wallingford, Connecticut
vizrt, New York, New York
Medarex, Inc., Princeton, New Jersey
eB2B Commerce, Inc., New York, New York
Cognizant Tech Solutions, Teaneck, New Jersey
InterDimensions Corporation, New York, New York
Predictive Systems Inc., New York, New York
Multimedia Solutions Corporation, Edgewater, New Jersey
Unigene Laboratories, Inc., Fairfield, New Jersey
Image Solutions, Inc., Morristown, New Jersey
Tri-State Rising Stars
In addition to the outstanding number of Tri-State companies ranked in the Fast 500, four
Tri-State companiesâ€"out of 25 nationallyâ€"were named "Rising Stars." Scient Corp (New York), PaeTec Corp. (New York), ITXC (New Jersey), and Javelin Technologies (New York) were named based on the same criteria as the Fast 500, except they have been in business less than five years, but at least three years.
About Deloitte & Touche's Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consul
###
 |
|
