Hughes Communications, Inc. Tops Deloitte’s Maryland Technology Fast 50 Ranking of the Fastest-Growing Tech Co.'s, with 138,762% Growth Over 5 Years

David Thompson
Public Relations
Deloitte
(404) 942-6515
davidthompson@deloitte.com

WASHINGTON, D.C., September 24, 2008 — Hughes Communications, Inc. tops the list of the fastest growing technology companies in Maryland as recognized by Deloitte & Touche LLP at an awards event held September 24 at Sequoia in Georgetown. Called the “Deloitte 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 Morrison & Foerster LLP, NASDAQ OMX and SmartCEO Magazine.

“Deloitte’s Maryland 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 Hughes Communications, Inc. and acknowledge it as one of the very few to accomplish such an impressive growth rate over the past five years.”
"The 2008 Maryland 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 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:

2008 Rank	Company Name	City	5yr%
1	Hughes Communications, Inc.	Germantown	138,762%
2	Telkonet, Inc.	Germantown	14,956%
3	Bill Me Later, Inc.	Timonium	6,848%
4	Sucampo Pharmaceuticals, Inc.	Bethesda	2,128%
5	Freewebs, Inc.	Silver Spring	1,704%
6	Broadsoft	Gaithersburg	993%
7	V-Empower, Inc.	Bowie	935%
8	PROTEUS Technologies	Annapolis	869%
9	Iomai Corporation	Gaithersburg	566%
10	InfoZen, Inc.	Rockville	562%
11	Viamericas Corporation	Bethesda	535%
12	DKW Communications, Inc.	Silver Spring	494%
13	Sourcefire, Inc.	Columbia	489%
14	Welocalize	Frederick	422%
15	Human Genome Sciences	Rockville	412%
16	EntreMed, Inc.	Rockville	370%
17	Digital Management, Inc.	Bethesda	366%
18	Paradigm Infotech, Inc.	Columbia	364%
19	Navtrak, Inc.	Salisbury	316%
20	United Therapeutics Corporation	Silver Spring	295%
21	CodeRyte, Inc.	Bethesda	287%
22	Vocus, Inc.	Lanham	276%
23	CBay Systems and Services, Inc.	Annapolis	239%
24	Emergent BioSolutions, Inc.	Rockville	228%
25	Systems Integration & Development, Inc.	Rockville	221%
26	Gryphon Technologies L.C.	Greenbelt	211%
27	Metastorm, Inc.	Baltimore	198%
28	iJET International, Inc.	Annapolis	194%
29	MiddleBrook Pharmaceuticals, Inc.	Germantown	188%
30	WealthEngine.com	Bethesda	186%
31	Merkle, Inc.	Columbia	182%
32	Ciena Corporation	Linthicum	175%
33	Martek Biosciences Corp.	Columbia	167%
34	Tresys Technology, LLC	Columbia	159%
35	Intelect Corporation	Baltimore	156%
36	Optelecom-NKF, Inc.	Germantown	148%
37	CNSI	Rockville	140.91%
38	Dataprise, Inc.	Rockville	140.65%
39	Barcoding, Inc.	Baltimore	132%
40	BreakAway, Ltd.	Hunt Valley	130%
41	Catapult Technology, Ltd.	Bethesda	126%
42	Avatech Solutions, Inc.	Owings Mills	124.59%
43	Universal Security Instruments, Inc.	Owings Mills	124.55%
44	NETCONN Solutions	Hagerstown	115%
45	SP Systems, Inc.	Greenbelt	113%
46	OPNET Technologies, Inc.	Bethesda	105%
47	CoStar Group, Inc.	Bethesda	103%
48	MICROS Systems, Inc.	Columbia	94%
49	Savantage Solutions	Rockville	78%
50	NMR Consulting	Annapolis	75%
Rising Star	MED Trends, Inc.	Rockville	1,607%

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 Maryland 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

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As used in this document, the term “Deloitte” includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP and Deloitte Tax LLP.