New book by Larry Connors Click here Improve your trading - See how
"Deloitte's Technology Fast 500(TM) identifies some of the most promising technology companies in North America today," said Phil Asmundson, vice chairman and U.S. Technology, Media & Telecommunications leader, Deloitte LLP. "I am proud to congratulate ReachLocal and all the ranked companies for their remarkable achievements."
"Being ranked first on the Technology Fast 500(TM) list is an amazing honor and we thank Deloitte for this prestigious recognition," said Zorik Gordon, co-founder and chief executive officer of ReachLocal. "Our success is a result of the tireless dedication and effort of our hundreds of employees worldwide. This would have never been possible without them."
The top 10 ranked companies are as follows:
Five-year
Rank Company Sector Revenue Growth CEO
---- ------- ------ -------------- ---
1 ReachLocal Internet 146,050% Zorik Gordon
www.reachlocal.com
2 Infinera Corporation Communications/ 86,580% Jagdeep Singh
www.infinera.com Networking
3 Affymax, Inc. Biotechnology/ 54,768% Arlene M. Morris
www.affymax.com Pharmaceutical
4 Hughes Communications/ 49,988% Pradman P. Kaul
Communications, Inc. Networking
www.hughes.com
5 Entropic Semiconductor 40,691% Patrick Henry
Communications, Inc.
www.entropic.com
6 Onyx Biotechnology/ 38,769% N. Anthony Coles
Pharmaceuticals, Inc. Pharmaceutical
www.onyx-pharm.com
7 Data Domain, Inc. Computers/ 35,084% Frank Slootman
www.datadomain.com Peripherals
8 Genomic Health, Inc. Biotechnology/ 33,716% Kimberly Popovits
www.genomichealth.com Pharmaceutical
9 Zila, Inc. Biotechnology/ 27,715% David R. Bethune
www.zila.com Pharmaceutical
10 Force10. Communications/ 24,528% Henry Wasik
Networks, Inc Networking
www.force10networks.com
Geographic Trends
Based on this year's rankings, more of the Technology Fast 500(TM) companies are located in the Northeast. In the past year, the number of Technology Fast 500 (TM) companies headquartered in the Northeast increased 7 percent. Conversely, Technology Fast 500(TM) companies in the West declined 5 percent.
Overall, however, the West region remains home to the highest concentration of Technology Fast 500(TM) companies (34 percent), followed by the Northeast (28 percent), Southeast (15 percent), Canada (10 percent), Southwest (8 percent) and Midwest (5 percent).
"Companies are attracted to regions that provide a talented workforce, supportive local government and access to venture financing," said Mark Jensen, managing partner, Venture Capital Services, Deloitte & Touche LLP. "Regions with these offerings will continue to attract high growth companies and the innovation that comes along with them."
Sector Trends
The software sector comprised 38 percent of the overall list with 189 companies, followed by communications/networking (16 percent), biotechnology/pharmaceuticals (13 percent) and internet (9 percent). Medical equipment, scientific/technical instrumentation, computer/peripherals, semiconductors, media/entertainment and clean technology companies rounded out the remaining 24 percent.
However, no software companies cracked the top 10. Biotechnology and pharmaceutical companies made the strongest showing in this elite group, capturing four of the top 10 spots. There are 67 biotechnology and pharmaceutical companies on the full list and these companies recorded an average overall growth rate of 4,549 percent, the highest overall growth rate of any sector.
Deloitte added clean technology as a new category in 2009 and seven companies from the sector achieved rankings, comprising just over 1 percent of the overall list. These companies include:
-- SunPower Corporation (www.sunpower.com)
-- GT Solar International, Inc. (www.gtsolar.com)
-- Pentadyne Power Corporation (www.pentadyne.com)
-- Energy Recovery, Inc. (www.energyrecovery.com)
-- Evergreen Solar, Inc. (www.evergreensolar.com)
-- Satcon Technology Corporation (www.satcon.com)
-- FuelCell Energy (www.fuelcellenergy.com)
"Clean technology is clearly the sector attracting the most interest from VCs," said Jensen. "Many companies in this sector are still very young, but we expect to see them become an increasing presence on our list in years to come."
Economic factors impact the average growth rate
The average growth rate for Deloitte's Technology Fast 500(TM) fell by 720 percent to 2,486 percent in 2009, from 3,206 percent in 2008. The 10-year high was recorded in 2002, when the overall average growth rate was 6,772 percent. The 10-year low was in 2007 with average growth of 1,823 percent.
"The winning companies are not immune to the economy and their success in the challenging economic environment is truly impressive," said Jensen. "As the economy eventually recovers, we expect the average growth rate to increase."
The full list of ranked companies as well as additional detail on Deloitte's Technology Fast 500(TM) program can be found at www.fast500.com.
Technology Fast 500(TM) Selection and Qualifying Criteria
Technology Fast 500(TM) provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500(TM) website, and public company database research conducted by Deloitte. Technology Fast 500(TM) award winners for 2009 are selected based on percentage fiscal year revenue growth during the five-year period from 2004 to 2008.
In order to be eligible for Technology Fast 500(TM) recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500(TM) award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP and Deloitte Services LP, a separate subsidiary of Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Jessica Heine
Public Relations
Deloitte
+1 415 902 6658
jheine@deloitte.com
SOURCE Deloitte
http://www.deloitte.com/us
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.