Congratulations to the 65 companies in PA, DE, & NJ that made this year's (2007) Technology Fast 500! Each year, Deloitte ranks the fastest growing technology, media, telecommunications and life sciences companies in North America based on percentage fiscal year revenue growth over five years (2002–2006). The winners were announced in late October.
According to their research, "The Northeastern United States is the high-tech leader with the largest average growth rate for its companies. Fast 500 companies in the Northeast had an average percentage growth of 2,169 percent, compared to 1,815 percent in 2006."
And, as for the regional origins of the 500 companies listed, the Northeastern United States made up the highest percentage of companies with 30 percent (152 companies), up from 28 percent (138 companies) in 2006, up from 25 percent (123 companies) in 2005 and up from 22 percent (110 companies) in 2004. Plus, the #1 ranked company, Sirius Satellite Radio, Inc., from New York, is located in the Northeast.
Here are the companies listed in ascending order, from PA, DE and NJ: (Rank, Company Name, Industry, 02 Revenues in thousands, 06 Revenues in thousands, 5-year % Growth, City, State, CEO Name)
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15
XCEL Solutions Corp. Software 53 5,362 10,017% Matawan NJ Jit Goel
24
Palatin Technologies, Inc. Biotech/Pharmaceutical 281 19,749 6,928% Cranbury NJ Carl Spana, Ph.D.
27
Diverse Lynx, LLC Software 169 11,004 6,411% Metuchen NJ Shubhendra Varma
29
Beyond.com, Inc. Software 141 8,740 6,099% King of Prussia PA Rich Milgram
31
First Tek Technologies, Inc. Software 325 18,730 5,663% North Brunswick NJ Satyakumar Bhavanasi
41
US Tech Solutions, Inc. Software 474 21,113 4,354% Jersey City NJ Manoj Agarwal
45
AppLabs, Inc. Software 1,302 49,251 3,683% Philadelphia PA Sashi P. Reddi, Ph.D.
55
I-trax, Inc. Software 3,932 124,589 3,069% Chadds Ford PA R. Dixon Thayer
57
Scivantage, Inc. Software 559 17,040 2,948% Jersey City NJ Adnane Charchour
58
ViroPharma Inc. Biotech/Pharmaceutical 5,537 167,181 2,919% Exton PA Michel De Rosen
88
AdminServer, Inc. Software 1,208 24,283 1,910% Chester PA Rick Connors
100
Adams Respiratory Therapeutics, Inc. Biotech/Pharmaceutical 13,755 239,105 1,638% Chester NJ Michael J. Valentino
124
INTTRA Internet 2,547 37,504 1,372% Parsippany NJ Ken Bloom
136
QlikTech International AB Software 3,417 44,184 1,193% Radnor PA Måns Hultman
141
TechDemocracy LLC Software 620 7,773 1,154% Edison NJ Srikiran Patibandla
166
DOV Pharmaceutical, Inc. Biotech/Pharmaceutical 2,390 25,951 986% Somerset NJ Barbara G. Duncan
177
PhotoMedex, Inc. Medical Equipment 3,274 33,190 914% Montgomeryville PA Jeffrey F. O’Donnell
182
TMG Health, Inc. Communications/Networking 7,484 73,500 882% King of Prussia PA John T. Tighe III
187
Health Market Science Software 1,851 17,608 851% King of Prussia PA Mark Brosso
188
PharmaNet Development Group Inc. Biotech/Pharmaceutical 42,800 406,955 851% Princeton NJ Jeffrey P. McMullen
189
Marlabs Inc. Software 7,494 71,000 847% Edison NJ Siby Vadakekkara
195
AstraZeneca Pharmaceuticals LP Biotech/Pharmaceutical 2,836,000 26,475,000 834% Wilmington DE Tony P. Zook
196
Immunicon Corporation Biotech/Pharmaceutical 932 8,697 833% Huntingdon Valley PA Byron D. Hewett
199
GAIN Capital Group Internet 7,808 72,501 829% Bedminster NJ Glenn Stevens
207
Gestalt, LLC Software 3,706 33,188 796% Camden NJ William Loftus
210
Synchronoss Technologies, Inc. Software 8,185 72,406 785% Bridgewater NJ Stephen G. Waldis
211
Access Integrated Technologies, Inc. Software 1,911 16,795 779% Morristown NJ Bud Mayo
223
Artech Information Systems LLC Software 13,554 111,381 722% Cedar Knolls NJ Ranjini Poddar
233
Memory Pharmaceuticals Corp. Biotech/Pharmaceutical 1,183 9,322 688% Montvale NJ James R. Sulat
236
Makro Technologies, Inc. Software 3,745 29,265 681% Newark NJ Mahesh Malneedi
243
Lattice Inc. Communications/Networking 975 7,495 669% Pennsauken NJ Paul Burgess
245
EPAM Systems Software 9,186 70,000 662% Lawrenceville NJ Arkadiy Dobkin
247
Albridge Solutions, Inc. Software 4,431 33,584 658% Lawrenceville NJ Greg Pacholski
251
Caresoft Inc. Software $ 1,179 $ 8,867 652% Edison NJ Deepak Khare
275
Audible, Inc. Internet 12,220 81,688 568% Wayne NJ Donald R. Katz
280
Celgene Corporation Biotech/Pharmaceutical 135,746 898,873 562% Summit NJ Sol J. Barer, Ph.D.
290
Kaizen Technologies Inc. Software 1,296 8,198 533% Edison NJ Ashok Krishnaswamy
294
Cognizant Technology Solutions Corp. Software 229,086 1,424,267 522% Teaneck NJ Francisco D’Souza
306
Miro Consulting Inc. Software 1,405 8,496 505% Fords NJ Scott D. Rosenberg
315
Sensor Technologies Inc. Software 3,268 19,350 492% Red Bank NJ Michael Gualario
321
eTeam, Inc. Software 2,881 16,422 470% South Plainfield NJ Ben Thakur
323
HTH Worldwide Internet 5,930 33,270 461% Radnor PA Angelo Masciantonio
324
The Medicines Company Biotech/Pharmaceutical 38,301 213,952 459% Parsippany NJ Clive A. Meanwell, M.D., Ph.D.
329
InterDigital Communications/Networking 87,895 480,466 447% King of Prussia PA William J. Merritt
357
Vision Systems Group, Inc. Software 7,883 40,500 414% South Plainfield NJ Viswa Mandalapu
367
PAI Group, Inc. Software 5,187 25,733 396% Moorestown NJ Bill J. Scott
374
NetPixel, Inc. Software 4,358 21,029 383% Edison NJ Taj Haslani
376
Universal Display Corporation Computers/Peripherals 2,485 11,921 380% Ewing NJ Sherwin I. Seligsohn
378
Sparta Systems, Inc. Software 6,791 32,471 378% Holmdel NJ Ran Flam
397
Infocrossing, Inc. Computers/Peripherals 50,774 229,207 351% Leonia NJ Zach Lonstein
398
Orthovita, Inc. Medical Equipment 10,379 46,828 351% Malvern PA Antony Koblish
399
LiquidHub, Inc. Internet 7,699 34,606 349% King of Prussia PA Jonathan A. Brassington
402
I.D. Systems, Inc. Communications/Networking 5,544 24,740 346% Hackensack NJ Jeffrey M. Jagid
415
marketRx Inc. Software 7,568 32,205 326% Bridgewater NJ Jaswinder Singh Chadha
424
Octagon Research Solutions, Inc. Software 5,313 22,202 318% Wayne PA James C. Walker
431
Miles Technologies Communications/Networking 2,128 8,803 314% Moorestown NJ Chris Miles
433
LifeCell Corporation Biotech/Pharmaceutical 34,428 141,680 312% Branchburg NJ Paul G. Thomas
437
Redwood Analytics Inc. Software 2,300 9,375 308% Mt. Laurel NJ Jeffrey H. Steinberg
461
Electronic Control Security, Inc. Communications/Networking 2,304 8,822 283% Clifton NJ Arthur Barchenko
468
Berliner Communications, Inc. Communications/Networking 10,487 39,325 275% Elmwood Park NJ Richard B. Berliner
479
Bradley Pharmaceuticals, Inc. Biotech/Pharmaceutical 39,669 144,807 265% Fairfield NJ Daniel Glassman
480
Image Solutions, Inc. Software 8,116 29,581 264% Whippany NJ Jinsoo Kim
495
Integra LifeSciences Holdings Corp. Medical Equipment 117,822 419,297 256% Plainsboro NJ Stuart M. Essig
497
CommVault Systems, Inc. Software 30,848 109,472 255% Oceanport NJ N. Robert Hammer
500
GSI Commerce, Inc. Internet 172,638 609,553 253% King of Prussia PA Michael G. Rubin
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2 comments:
Bad to see some of them going down, but that's because of their own bad job practices, for instance, Xcel Solutions Corp, has laid off people and reduced wage an benefits, now even having lawsuits from former employees. For more testimonies see some of this links.
More on the job practices of some companies (Xcel Solutions Corp in particular). Not just for being on the US everything is gonna be wonderful. Just look at these pinoy employees and the abuse they suffered:
I represent six former employees who have filed counterclaims against Xcel Solutions Corporation, a Matawan, New Jersey based consulting company, alleging that Xcel breached their employment contracts by failing to pay them wages, “bench pay,” bonuses, and other monies.
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