WASHINGTON, D.C., October 2, 2007 — V-Empower, Inc. tops the list of the fastest growing technology companies in Maryland as recognized by Deloitte & Touche LLP at an award event held October 2 at The Sequoia in Georgetown. Called the “Maryland Technology Fast 50,” the annual award program ranks technology companies located in Maryland by revenue growth. The awards in Maryland and Virginia are sponsored by Wilmer Cutler Pickering Hale and Dorr LLP, NASDAQ and SmartCEO Magazine.
“Deloitte’s Virginia Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mr. Gary H. Tabach, Managing Partner for Deloitte’s Greater Washington Practice. “We applaud the successes of V-Empower, Inc. and acknowledge it as one of the very few to accomplish such an impressive growth rate over the past five years.”
“The success of this year’s ranked companies in Maryland prove technology strength across the state. These Maryland companies compete with companies across the nation and are able to grow at an impressive rate, which demonstrates the economic fitness of the state,” said Mr. William J. Perlstein, co-managing partner of Wilmer Cutler Pickering Hale and Dorr LLP. Congratulations to these companies for this accomplishment and their continued growth.”
Winners are selected based on percentage revenue growth over five years from 2002 to 2006. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2002 and at least $5,000,000 in 2006; be headquartered in Maryland; be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of its 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. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded.
The Technology Fast 50 company rankings are as follows:
| Ranking |
Company Name |
City |
5yr % |
| 1 |
V-Empower Inc. |
Bowie |
9268% |
| 2 |
NexTone Communications, Inc. |
Gaithersburg |
2812% |
| 3 |
Sourcefire, Inc. |
Columbia |
2263% |
| 4 |
MostChoice.com |
Baltimore |
1993% |
| 5 |
BroadSoft, Inc. |
Gaithersburg |
1499% |
| 6 |
iBiquity Digital Corporation |
Columbia |
1045% |
| 7 |
Proteus Technologies, Inc. |
Annapolis |
1018% |
| 8 |
APC Wireless |
Rockville |
991% |
| 9 |
Viamericas Corporation |
Bethesda |
845% |
| 10 |
iJET Intelligent Risk Systems |
Annapolis |
722% |
| 11 |
InfoZen, Inc. |
Rockville |
646% |
| 12 |
Human Genome Sciences, Inc. |
Rockville |
622% |
| 13 |
Welocalize Inc. |
Frederick |
582% |
| 14 |
EntreMed, Inc. |
Rockville |
514% |
| 15 |
Martek Biosciences Corporation |
Columbia |
488% |
| 16 |
United Therapeutics Corporation |
Silver Spring |
430% |
| 17 |
Paradigm Infotech, Inc. |
Columbia |
427% |
| 18 |
Cbay Systems and Services Inc. |
Annapolis |
328% |
| 19 |
Systems Integration & Development, Inc. |
Rockville |
316% |
| 20 |
SP Systems, Inc. |
Greenbelt |
312% |
| 21 |
Catapult Technology, Ltd. |
Bethesda |
304% |
| 22 |
WealthEngine.com |
Bethesda |
302% |
| 23 |
NETCONN Solutions |
Hagerstown |
284% |
| 24 |
Vocus, Inc. |
Lanham |
250% |
| 25 |
Tresys Technology, LLC |
Columbia |
243% |
| 26 |
TVI Corporation |
Glenn Dale |
225% |
| 27 |
Chesapeake Research Review, Inc. |
Columbia |
221% |
| 28 |
Metastorm, Inc. |
Baltimore |
182% |
| 29 |
CNSI |
Rockville |
181% |
| 30 |
Universal Security Instruments, Inc. |
Owings Mills |
176% |
| 31 |
Gryphon Technologies, LC |
Greenbelt |
174% |
| 32 |
Optelecom, Inc |
Germantown |
165% |
| 33 |
Barcoding Inc. |
Baltimore |
159% |
| 33 |
Advanced Concepts, Inc. |
Columbia |
151% |
| 35 |
Infinite Computer Solutions |
Rockville |
143% |
| 36 |
Integral Systems, Inc. |
Lanham |
129% |
| 37 |
GenVec, Inc. |
Gaithersburg |
125% |
| 38 |
United Industrial Corp. |
Hunt Valley |
118% |
| 39 |
Dataprise, Inc. |
Rockville |
101% |
| 40 |
CoStar Group, Inc. |
Bethesda |
100% |
| 41 |
Advanced Broadband Solutions, Inc. |
Rockville |
97% |
| 42 |
Emergent BioSolutions Inc. |
Rockville |
94% |
| 43 |
CSI Engineering, PC |
Beltsville |
91% |
| 44 |
MICROS Systems, Inc. |
Columbia |
82% |
| 44 |
OPNET Technologies, Inc. |
Bethesda |
70% |
| 46 |
NMR Consulting |
Annapolis |
66% |
| 47 |
Stratos Global Corp. |
Bethesda |
65% |
| 47 |
Spherix Incorporated |
Beltsville |
64% |
| 49 |
Savantage Solutions |
Rockville |
62% |
| 50 |
Ciena Corporation |
Linthicum |
56% |
Also this year, Deloitte's 2007 Technology Fast 50 Awards program will premiere the Technology Fast 50 Business Diversity Awards. The Deloitte Technology Fast 50 Business Diversity Awards acknowledge the growing importance of an innovative group of local small technology businesses in Maryland and Virginia that are owned and managed by individuals classified by the U.S. Small Business Administration as having one or more of the following small business designations: Minority-Owned, Woman-Owned, Veteran-Owned, Service Disabled Veteran-Owned, Small Disadvantaged Business, and HUBZone.
Companies receiving this award include (in rank order):
| 1 |
Ideal Innovations |
| 2 |
Ecompex, Inc. |
| 3 |
PRO-telligent, LLC |
| 4 |
G&B Solutions, Inc. |
| 5 |
InfoZen, Inc. |
| 6 |
Access Systems, Inc. |
| 7 |
ConceptSolutions |
| 8 |
ActioNet, Inc. |
| 9 |
SP Systems, Inc. |
| 10 |
Catapult Technology, Ltd. |
The Maryland Technology Fast 50 program is hosted by Deloitte & Touche LLP, along with WilmerHale, NASDAQ and media sponsor SmartCEO magazine.
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