Two Colorado Companies Ranked Among 25 'Rising Stars'
DENVER, Oct. 19 /PRNewswire/ -- Deloitte's Technology Fast 500, a ranking of the fastest growing technology companies based on percentage fiscal year revenue growth over five years (2000-2004) by Deloitte & Touche USA LLP, was issued today including 13 Colorado companies. Two Colorado companies were included among 25 "Rising Stars" -- companies that have met the same criteria as the Fast 500 but have been in business for three or four years.
Colorado companies included on Deloitte's Fast 500 are listed below. For the complete Fast 500 list, visit http://www.fast500.com/.
Company Industry Sector 5 Yr City
Growth
Rate 82 Applied Films Semiconductor 3103% Longmont
Corporation
103 Myogen, Inc. Biotechnology/ 2224% Westminster
Pharmaceutical
129 Intelligent Software Software 1623% Colorado Springs
Solutions
135 Displaytech, Inc. Semiconductor 1524% Longmont
188 Case Share Software 898% Denver
Systems, Inc. 193 Conduant Corporation Computers/Peripherals 860% Longmont 258 eCollege Software 612% Denver
262 Alpine Access, Inc. Communications/ 600% Golden
Networking
335 Array BioPharma Inc. Biotechnology/ 414% Boulder
Pharmaceutical
392 3t Systems Software 336% Denver
409 Raindance Communications/ 318% Louisville
Communications, Inc. Networking
464 Encision, Inc. Medical Equipment 264% Boulder
467 SAN Holdings, Inc. Software 261% Englewood Colorado "Rising Stars" companies are StillSecure of Louisville ranked at number 12 with a 2,111 percent growth rate over three years and Accuvant of Denver ranked at number 16 with a 1,571 percent growth rate over three years.
"Colorado is well represented on Deloitte's 2005 Technology Fast 500," said Steve Yaroch, Technology, Media and Telecommunications Group Leader for Deloitte & Touche LLP in Denver. "I am encouraged by the variety of industry sectors and representation of companies across the state." Number 1 Fast 500 Winner NuVasive Grew 73,752 Percent NuVasive, Inc. was named the fastest growing technology company in North America, with a revenue growth rate over five years of 73,752 percent, moving from revenues of $52,000 in 2000 to $38,403,000 in 2004.
In addition to Number 1-ranked NuVasive, the top five Fast 500 winners include: Number 2 -- NetSuite Inc., a San Mateo, Calif.-based privately held software company, came in second on the Fast 500 list. NetSuite (http://www.netsuite.com/) develops on-demand applications for small- and medium-sized businesses. It reported revenues of $41,256,000 in 2004, a leap of 43,327 percent from 2000 revenues of $95,000. This is its first appearance on the Fast 500 ranking.
Number 3 -- Acacia Research Corp. (NASDAQ:ACTG), a semiconductor company that develops, acquires, and licenses patented technologies. The Newport Beach, Calif.-based company reported revenues of $23,925,000 in 2004, 41,874 percent higher than its 2000 revenues of $57,000. Acacia Research (http://www.acaciaresearch.com/) ranked Number 497 in 2004.
Number 4 -- CaseStack, Inc., a privately held software company that provides logistics outsourcing services to mid-sized consumer packaged goods companies, came in fourth with 2004 revenues of $25,461,000, 39,071 percent higher than its $65,000 in revenues in 2000. CaseStack (http://www.casestack.com/) is based in Santa Monica, Calif. It ranked Number 22 on the Technology Fast 500 Rising Star list in 2004.
Number 5 -- Rutter Inc. (TSX: RUT), based in St. John's, Newfoundland in Canada, takes fifth place. Rutter, a software company that develops voyage data recorders and related technologies, reported revenues of $66,595,000 in 2004, jumping 29,630 percent from 2000 revenues of $224,000. Rutter (http://www.rutterinc.ca/) ranked Number 26 in 2004.
Qualifying Criteria for the Fast 500 The Fast 500 ranks the fastest growing technology companies in North America. It is compiled from Deloitte's 15 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Winners are selected based on percentage growth in revenues over five years (2000 to 2004). To be considered, Technology Fast 500 and Fast 50 entrants must meet the following criteria: - Fiscal 2000 operating revenues of at least $50,000 USD or $75,000 CD;
and 2004 operating revenues of at least $1 million USD or CD.
- Headquartered in North America and in business a minimum of five years.
- Must be a "technology company," defined as a company that owns
proprietary technology that contributes to a significant portion of the
company's operating revenues; or devotes a significant proportion of
revenues to the research and development of technology. Using other
companies' technology in a unique way does not qualify.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. DATASOURCE: Deloitte & Touche USA LLP CONTACT: Jerry Bennett, Regional Manager Public Relations, Deloitte Services LP, +1-214-840-7035, or +1-214-675-3564 (mobile), Web site: http://www.deloitte.com/ http://www.fast500.com/
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