| Compugain Corporation Tops Deloitte’s Virginia Technology Fast 50 Ranking of Fastest-Growing Technology Companies, with 33,197% Growth Over Five Years |
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David Thompson
Public Relations
Deloitte
(404) 942-6515 davidthompson@deloitte.com
WASHINGTON, D.C., September 24, 2008 — CompuGain Corporation tops the list of the fastest growing technology companies in Virginia as recognized by Deloitte & Touche LLP at an award event held September 24 at Sequoia in Georgetown. Called the “Deloitte Virginia Technology Fast 50,” the annual award program ranks technology companies located in Virginia by revenue growth. The awards in Maryland and Virginia are sponsored by Morrison & Foerster LLP, NASDAQ OMX 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 CompuGain Corporation and acknowledge it as one of the very few to accomplish such an impressive growth rate over the past five years.” "The 2008 Virginia Fast 50 companies are especially noteworthy this year given their remarkable growth in a challenging business environment. As a firm that works with many of the world's most successful technology and life science businesses, Morrison & Foerster is proud to be associated with the great companies being honored today,” said Tom Knox, Partner and Co-Chair of the firm's East Coast and Europe Corporate Practices. Winners are selected based on percentage revenue growth over five years from 2003 to 2007. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2003 and at least $5,000,000 in 2007; be headquartered in Virginia; 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: 2008
Rank | Company Name | City | 5yr% |
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| 1 | CompuGain Corporation | Herndon | 33,197% | | 2 | Approva Corporation | Reston | 13,708% | | 3 | KORE Telematics | Reston | 13,675% | | 4 | Netuitive | Reston | 9,378% | | 5 | SPADAC, Inc. | McLean | 5,574% | | 6 | Ideal Innovations, Inc. | Arlington | 5,300% | | 7 | Insmed Incorporated | Richmond | 4,919% | | 8 | TelePlus, LLC | Alexandria | 3,376% | | 9 | Adaequare, Inc. | Chantilly | 3,238% | | 10 | GeoEye, Inc. | Dulles | 1,893% | | 11 | International Solutions Group, Inc. | Herndon | 1,841% | | 12 | SkyBitz | Sterling | 1,472% | | 13 | K4 Solutions, Inc. | Falls Church | 1,231% | | 14 | Rivermine | Fairfax | 1,120% | | 15 | Snagajob.com | Glen Allen | 1,105% | | 16 | GlobalLogic, Inc. | Vienna | 1,060% | | 17 | Apptix | Herndon | 1,052% | | 18 | Customer Value Partners | Fairfax | 1,042% | | 19 | InScope Solutions, Inc. | Reston | 830% | | 20 | Parature | Vienna | 828% | | 21 | Nexius | Herndon | 825% | | 22 | Rosetta Stone | Arlington | 786% | | 23 | Abraxas Corporation | Herndon | 690% | | 24 | PRO-telligent, LLC | Arlington | 686% | | 25 | Centuria Corporation | Dulles | 684% | | 26 | Trusted Mission Solutions Inc. | McLean | 649% | | 27 | Applied Predictive Technologies | Arlington | 626% | | 28 | ConceptSolutions | Reston | 571% | | 29 | mindSHIFT Technologies, Inc. | Fairfax | 511% | | 30 | Harmony Information Systems, Inc. | Reston | 460% | | 31 | Cvent, Inc. | McLean | 439% | | 32 | EcomNets | Sterling | 404% | | 33 | ICF International | Fairfax | 399% | | 34 | IMCI Technologies | Herndon | 392% | | 35 | ActioNet, Inc. | Fairfax | 387% | | 36 | Plateau Systems | Arlington | 358% | | 37 | K12, Inc. | Herndon | 354.43% | | 38 | Prototype Productions, Inc. | Ashburn | 353.90% | | 39 | Electronic Consulting Services, Inc. | Fairfax | 318% | | 40 | Ecompex, Inc. | McLean | 290% | | 41 | Corbin Company | Alexandria | 288% | | 42 | NeuStar, Inc. | Sterling | 284% | | 43 | Measurement Specialties, Inc. | Hampton | 283% | | 44 | comScore, Inc. | Reston | 273% | | 45 | ARGON ST, Inc. | Fairfax | 256% | | 46 | Online Resources Corp. | Chantilly | 252% | | 47 | NII Holdings, Inc. | Reston | 251% | | 48 | Blue Ridge Numerics, Inc. | Charlottesville | 236% | | 49 | Telarix, Inc. | Vienna | 225% | | 50 | Democracy Data & Communications, L.L.C. | Alexandria | 223% | | Rising Star | Criterion Systems | Vienna | 6,231% | | Rising Star | Aptela, Inc. | Herndon | 402% |
Also this year, Deloitte's 2008 Technology Fast 50 Awards program awarded the 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: CompuGain Corporation
Customer Value Partners
Ideal Innovations, Inc.
InScope Solutions, Inc.
International Solutions Group,Inc
K4 Solutions,Inc.
MED Trends, Inc.
Parature
PROTEUS Technologies
V-Empower, Inc. The Virginia Technology Fast 50 program is hosted by Deloitte & Touche LLP, along with Morrison & Foerster LLP, NASDAQ OMX and SmartCEO magazine.
Related content: Overview: Fast 50 Program
Industries: Technology, Media & Entertainment, Telecommunications, Life Sciences
About Morrison & Foerster LLP With more than a thousand lawyers in seventeen offices around the world, Morrison & Foerster offers clients comprehensive, global legal services in business and litigation. The firm is distinguished by its unsurpassed expertise in technology, life sciences, and finance, legendary litigation skills, and an unrivaled reach across the Pacific Rim, particularly in Japan and China. We have one compelling mission: to deliver success for our clients. Please visit www.mofo.com for more information. As used in this document, the term “Deloitte” includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP and Deloitte Tax LLP.
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Last Updated: October 3, 2008
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Source: Deloitte LLP - United States (English) |
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