Deloitte & Touche Announces the Fastest Growing Technology Companies in North Carolina
Business Editors
RALEIGH, N.C.–(BUSINESS WIRE)–Aug. 4, 2003
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
Art.com
ateb, Inc.
ATI Industrial Automation, Inc.
CISYS
Closure Medical Corp.
Constella Group, Inc.
Coventor, Inc.
Cree, Inc.
CT Communications, Inc.
Elsinore Technologies
Embrex, Inc.
Emergys Corporation
FormScape
HAHT Commerce, Inc.
InfoVision
Inspire Pharmaceuticals, Inc.
Inveresk Research Group, Inc.
LendingTree, Inc.
Lineberry Research Associates
Mariner
Market Central, Inc.
Open Software Solutions, Inc.
Paradigm Genetics, Inc.
Peopleclick
PharmaResearch Corporation
PPD, Inc.
Raindrop Geomagic
Red Hat, Inc.
RF Micro Devices, Inc.
Salix Pharmaceuticals Ltd
School Link, Inc.
SciQuest, Inc.
SlickEdit
Smart Online, Inc.
SpectraSite Inc.
Synapse Technology Inc.
Technology Concepts & Design, Inc.
TeleConsultants Oracle Partners
Transoft
Triangle Biomedical Sciences, Inc.
Trimeris, Inc.
TriPath Imaging, Inc.
Ultimus
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:
etrials
GoodMortgage
MindBlazer, Inc.
NuTech Solutions, Inc.
PharmaLinkFHI
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 www.deloitte.com/us.
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