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The list of winning companies included well known brands and public companies as Priceline.com and Amphenol Corp., also included companies gaining global prominence in their technology markets such as FuelCell Energy and Defibtech.
The evening's biggest announcement came at the end of the awards program when Alexion Pharmaceuticals was named Connecticut's fastest growing technology company in 2009. Its revenue grew at the rate of 17,371 percent over the last four years. The Cheshire company has achieved a significant market presence with its Soliris, a product approved for the treatment of patients with paroxysmal nocturnal hemogolbinuria (PNH)1, a rare, but progressive and life-threatening disease characterized by the excessive destruction of red blood cells.
The Council also announced the six companies whose revenue put them at the top in their technology category:
In Advanced Manufacturing, Bolt Technology was the winning company. It makes equipment used in offshore seismic exploration for oil and gas. Stamford's Clean Diesel Technologies, the "green company" winner, captured the prize in the Energy/Environmental Technologies category. In Life Sciences the winner was the aforementioned Alexion Pharmaceuticals. In the New Media/Internet/Telecom technology category it was another Stamford company, M2 Media Group. The Stamford-based company designs and operates magazine marketing and loyalty programs in partnership with top consumer brands and the world's largest magazine publishers. Stamford is also home to the software category winner, L-1 Identity Solutions, Inc. The company, which only arrived in Stamford in 2006, has become the global identity management provider. In the final category of IT Services, Fandotech, was the winner. Based in Manchester, Fandotech provides data center facilities and managed network services.
The list of winning companies was compiled on the basis of revenue growth over the last four years. Companies considered for this recognition were required to have at least $50,000 in revenue in the first year and $3M in revenue in the fourth year, with some of the public companies winning this year exceeding $1Billion in revenue. The list is made up primarily of privately held companies, but does include twelve public companies.
The winning companies are grouped into six technology verticals: Software, IT Services, Life Sciences, Advanced Manufacturing, New Media/Internet/Telecom and Energy Environmental Technologies. Geographically the companies are fairly evenly distributed across the state.
Over 350 attendees attended the Wallingford event. The event was also webcast using a VBrick video appliance. VBrick Systems is one of the 2009 winners.
This year's sponsors include CNA Insurance, the law firm of Pullman & Comley, Oracle Corp., Webster Bank, Connecticut Innovations, McLaughlin, DelVecchio & Casey, Robert Half Technology and Wellstone Insurance.
2009 Tech Top 40 Companies
Advanced Manufacturing Companies:
Amphenol Corp., Wallingford
APS Technology, Inc, Wallingford
Bolt Technology Corp., Norwalk
ON SITE Gas Systems, Inc., Newington
Thermodynetics Inc., Windsor
Energy/Environmental Technologies Companies
Clean Diesel Technologies, Inc., Stamford
FuelCell Energy, Inc., Danbury
INNCOM International Inc., Niantic
Proton Energy Systems, Inc, Wallingford
TRC Companies, Inc., Windsor
IT Services Companies
Cervalis, Shelton
COCC, Avon
Fandotech, Manchester
MResult Corp., New London
Perimeter eSecurity, Milford
SAI Systems International, Shelton
Life Sciences Companies
Alexion Pharmaceuticals, Inc., Cheshire
Bio-Med Devices, Inc., Guilford
CAS Medical Systems, Inc., Branford
Defibtech, Guilford
Penwest Pharmaceuticals Co, Danbury
New Media/Internet/Telecom Companies
JobTarget, New London
M2 Media Group, Stamford
Post-N-Track Corp., Wethersfield
Priceline.com, Inc., Norwalk
Tangoe, Inc., Orange
VBrick Systems, Inc., Wallingford
Webloyalty.com, Norwalk
Software Companies
Adeptra, Inc., Norwalk
eNR Services, Inc, Norwalk
Evolution Benefits, Inc., Avon
Higher One, New Haven
L-1 Identity Solutions, Inc., Stamford
Open Solutions Inc., Glastonbury
PASSUR Aerospace, Inc., Greenwich
Protegrity USA, Inc, Stamford
Terra Technology, Inc., Norwalk
TicketNetwork, Vernon
TopCoder, Inc., Glastonbury
Triple Point Technology, Inc., Westport
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies.
UHY is a licensed independent CPA firm that performs audit and attest services in an alternative practice structure with UHY Advisors, Inc.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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