Deloitte & Touche Announces the Fastest Growing Technology Companies in North Carolina

Deloitte & Touche Announces the Fastest Growing Technology Companies in North Carolina

Business Editors


Deloitte & Touche LLP, one of the nation’s leading professional services firms, along with Wachovia Corporation, Womble Carlyle Sandridge & Rice, Robert Half Finance & Accounting, Business Leader and the Council for Entrepreneurial Development (CED) today announced the 2003 North Carolina Technology Fast 50 winners. The Technology Fast 50 program honors the state’s fastest growing technology companies based on revenue growth from 1998 to 2002.

“Despite another challenging year for the technology industry nationally, North Carolina technology companies continue to deliver innovative ideas and sound products and services to their clients,” said David Hunt, Deloitte & Touche partner in charge, North Carolina Technology Media and Telecommunications Group.

The North Carolina Technology Fast 50 winners include in alphabetical order:

A4 Health Systems, Inc.

aaiPharma Inc.

Advanced Internet Technologies

Alliance of Professionals & Consultants, Inc.

APEX Analytix

Arsenal Digital

ateb, Inc.

ATI Industrial Automation, Inc.


Closure Medical Corp.

Constella Group, Inc.

Coventor, Inc.

Cree, Inc.

CT Communications, Inc.

Elsinore Technologies

Embrex, Inc.

Emergys Corporation


HAHT Commerce, Inc.


Inspire Pharmaceuticals, Inc.

Inveresk Research Group, Inc.

LendingTree, Inc.

Lineberry Research Associates


Market Central, Inc.

Open Software Solutions, Inc.

Paradigm Genetics, Inc.


PharmaResearch Corporation

PPD, Inc.

Raindrop Geomagic

Red Hat, Inc.

RF Micro Devices, Inc.

Salix Pharmaceuticals Ltd

School Link, Inc.

SciQuest, Inc.


Smart Online, Inc.

SpectraSite Inc.

Synapse Technology Inc.

Technology Concepts & Design, Inc.

TeleConsultants Oracle Partners


Triangle Biomedical Sciences, Inc.

Trimeris, Inc.

TriPath Imaging, Inc.


US LEC Corp.

Deloitte & Touche will acknowledge this year’s Technology Fast 50 winners at an award ceremony luncheon during the Business to Technology (B2T) Conference on September 17. The event will be held at the Jane S. McKimmon Center on the campus of North Carolina State University.

Technology Fast 50 Criteria

To qualify for the Technology Fast 50, companies must meet the following criteria:

— Be a technology company, defined as a company that owns

proprietary technology, which contributes to a significant

portion of the company’s operating revenues (for example,

using other companies’ technology in a unique way does not

qualify) and/or devotes a high percentage of effort to

research and development of technology.

— Be in business a minimum of five years with 1998 revenues of

at least $50,000 and 2002 revenues of at least $1,000,000.

— Be a public or private company, headquartered in North

Carolina. Subsidiaries and divisions are not eligible unless

they have some public ownership and are separately traded.

All U.S. and Canadian based Technology Fast 50 winners are automatically entered in the Deloitte & Touche Technology Fast 500, the firm’s ranking of the fastest growing technology companies in North America.

Rising Star Category

Deloitte & Touche also recognizes “Rising Star” companies. Rising Star nominees must follow the same North Carolina Technology Fast 50 criteria, but are selected based on revenue growth from 1999 to 2001. Companies must be in business for either three or four years. All U.S. and Canadian based Rising Star winners are automatically entered into the Deloitte & Touche Technology Fast 500 Rising Star category.

This year’s Rising Star winners include in alphabetical order:



MindBlazer, Inc.

NuTech Solutions, Inc.


Pinpoint Networks, Inc.

About Deloitte & Touche

Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s web site at

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