ARTEL, Inc. Named #31 on Washington Technology's 2005 Fast 50.RESTON Reston, uninc. city (1990 pop. 48,556), Fairfax co., N Va., a planned community established in 1961. A suburb of Washington, D.C., Reston is organized in a series of residential villages and commercial areas. , Va. -- ARTEL Artel (Russian: арте́ль) is a general term for various cooperative associations in Russia, historical and modern. , Inc., a global information technology and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. leader providing a blend of systems integration and strategic consulting, has been recognized as #31 on Washington Technology's 2005 Fast 50, a ranking of the fastest growing government contractors A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. . The Fast 50 list is based on compounded annual growth rate over a five-year period from 2000 to 2004 and is featured in the September 26th issue of Washington Technology. ARTEL enjoyed a 78.4 percent growth rate during this period. The company debuted on the list last year at number 39 with 61.6 percent growth rate. "We are honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to be included in Washington Technology's 2005 Fast 50 program," said Abbas Yazdani, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARTEL, Inc. "Since 1986, ARTEL has had a longstanding commitment to advancing the business and mission goals of our clients worldwide with customized telecom, security and IT integrated solutions. This goal has culminated in incredible success with strong year-over-year growth and a strong prime record, with more than 92 percent of our revenues coming from prime contracts and engagements." In its 18th year, the Washington Technology Fast 50 program recognizes the critical role emerging government contractors play in serving the government IT market. To qualify for the list, companies were required to have a minimum of $100,000 in government revenue in 2000 and meet the federal government requirements for a small business. Companies were selected based on a number of financial performance criteria from 2000 to 2004, including the compounded annual growth rate. ARTEL attributes this phenomenal growth to a business model that merges systems integration with strategic consulting, solving complex communications and IT challenges that go far beyond specific technical challenges for the Department of Defense, as well as intelligence and civilian agencies. The company had a banner year in 2004 with revenues of $118.6 million, increasing profitability by 30 percent and growth by 20 percent. About ARTEL, Inc. Founded in 1986, ARTEL is a global leader in information technology providing a full spectrum of telecommunications, network management, solutions integration and information security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the to meet the critical business and technology objectives of its clients. Operating in six of the seven continents around the globe in both commercial and government markets, ARTEL provides information technology solutions that cover the full life-cycle process, beginning with strategic business analysis and planning and ending with full implementation. Visit ARTEL on the web at www.artelinc.com. About Washington Technology Washington Technology, published by PostNewsweek Tech Media, is the only national newspaper for government IT systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and resellers. It delivers essential business news to 40,100* business executives whose companies provide high-level technical services to the government. Published bi-monthly since 1986, each issue features the latest contracting wins, government initiatives and projects, case studies and analyses and fresh technology news. Visit www.washingtontechnology.com for more information. *BPA BPA British Paediatric Association. International Audit, June, 2005 |
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