CORRECTING and REPLACING Deloitte & Touche Names Charlotte's LendingTree the Fastest Growing Technology Company in North Carolina.Business Editors Correction...by Deloitte & Touche RALEIGH, N.C.--(BUSINESS WIRE)--Sept. 18, 2003 In BW5699 issued Sept. 17, 2003: Fifth graph, second sentence of release dated Sept. 17, 2003 should read: Over the past five years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time company has achieved 14,762 percent revenue growth...(sted Over the past five years, the company has achieved 14.8 percent revenue growth... The corrected release reads: DELOITTE & TOUCHE NAMES CHARLOTTE'S LENDINGTREE THE FASTEST GROWING TECHNOLOGY COMPANY IN NORTH CAROLINA North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Deloitte & Touche LLP LLP - Lower Layer Protocol , one of the nation's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms, along with Wachovia Corporation, Womble Carlyle Sandridge & Rice, Robert Half Finance & Accounting, Business Leader and the Council for Entrepreneurial Development (CED (Capacitance Electronic Disc) An earlier videodisc technology from RCA that was released in 1981 and abandoned five years later. Like phonograph records, the analog disc contained grooves that a stylus rode over. ) named Charlotte-based LendingTree, Inc. the fastest growing technology company in the ninth annual ranking of the North Carolina Technology Fast 50. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998 to 2002. The average percentage growth rate of the 2003 Technology Fast 50 is 1,778 percent, a 667 percent increase above last year's average growth rate of 1,111 percent. "To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche North Carolina Technology Fast 50 winners have done," said Dave Hunt For other persons named Dave Hunt, see Dave Hunt (disambiguation). Dave Hunt (1926 – ) is a Christian apologist, speaker, radio commentator and author. He has been in full-time ministry since 1973. , Deloitte & Touche partner in charge of the North Carolina Technology, Media & Telecommunications Group. "We applaud our winners for having the long-term vision to develop technologies that change the way we work and play and for being among the elite technology companies in the state." Top Five Winners The top three North Carolina Technology Fast 50 winners are all new to the ranking. LendingTree, Inc. posted an average growth rate of 27,139 percent over the past five-year period, Art.com ranks number two with 21,074 percent revenue growth and Peopleclick follows with 14,762 percent revenue growth. Both Art.com and Peopleclick are based in Raleigh. "Amazingly, just a few years ago I drove to the post office in my Jeep to ship orders. Today, several times every day, tractor trailers come to Art.com to pick up shipments," said Joshua Chodniewicz, 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. , Art.com. "The nomination as one of the fastest growing technology companies validates our mission of putting our customer first. Art.com will continue to offer shoppers the best in customer experience, a superior selection and high quality." "It is nice to be recognized for what Peopleclick has worked so hard to accomplish. Over the past five years, the company has achieved 14,762 percent revenue growth, consistent profitability and cash flow, and high product performance and quality," said Steve Sasser, Peopleclick CEO. "While this is validation that our Total Workforce Acquisition strategy is correct and on target, Peopleclick is committed to finding new ways to operate more efficiently, communicate better with our customers and provide improved workforce solutions." While the 2002 number two winner, SpectraSite Communications, Inc., fell to number four this year with 3,416 percent average growth, Salix Pharmaceuticals, Inc. jumped from number 12 to number five with 2,046 average growth. Business to Technology Conference Deloitte & Touche announced this year's Technology Fast 50 winners at an awards banquet held today during the Business to Technology (B2T B2T Back to Topic B2T Business to Technology B2T Business to Treasury B2T Business to Trade B2T Bounce to This ) Conference at North Carolina State University History
Said Dan Davies, Business Leader publisher, "Partnering with Deloitte & Touche to present the 2003 North Carolina Technology Fast 50 winners at this year's B2T Conference was an honor. The technology industry respects the Technology Fast 50 list because it demonstrates a company's longevity over a period of time, especially during economically challenging times." 2003 North Carolina Technology Fast 50 Statistics Of the 50 fastest growing technology companies, there are 38 repeat winners and 12 newcomers. Cree, Inc., Embrex, Inc., and RF Micro Devices RF Micro Devices (NASDAQ: RFMD) is a manufacturer of integrated circuits, founded in Greensboro, NC, in 1991 by William J. Pratt, Powell T. Seymour and Jerry D. Neal.[1]. , Inc., have appeared on the list nine consecutive years. Dominating the Technology Fast 50 list are 25 software and 14 life sciences companies. Other companies include six communications, four Internet and one semiconductor. Thirty-one winners are privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Technology Fast 50 Criteria To qualify for the Technology Fast 50, companies must meet the following criteria: -- Be a technology company, defined as a company that owns proprietary technology, which contributes to a significant portion of the company's operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. (for example, using other companies' technology in a unique way does not qualify) and/or devotes a high percentage of effort to research and development of technology. -- Be in business a minimum of five years with 1998 revenues of at least $50,000 and 2002 revenues of at least $1,000,000. -- Be a public or private company, headquartered in North Carolina. Subsidiaries and divisions are not eligible unless they have some public ownership and are separately traded. All U.S. and Canadian based Technology Fast 50 winners are automatically considered for the Deloitte & Touche Technology Fast 500, the firm's ranking of the fastest growing technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . To learn more about the Technology Fast 50, visit www.fast50.com. Following are the 2003 North Carolina Technology Fast 50 winners in rank order: 1. LendingTree, Inc. 2. Art.com 3. Peopleclick 4. SpectraSite Communications, Inc. 5. Salix Pharmaceuticals, Inc. 6. Paradigm Genetics, Inc. 7. Emergys Corporation 8. Red Hat, Inc. 9. SciQuest, Inc. 10. Inspire Pharmaceuticals, Inc. 11. TeleConsultants Oracle Partners 12. Raindrop Geomagic, Inc. 13. Schoollink, Inc. 14. Mariner 15. RF Micro Devices, Inc. 16. Advanced Internet Technologies 17. TriPath Imaging, Inc. 18. Open Software Solutions, Inc. 19. Ultimus 20. Arsenal Digital Solutions 21. Smart Online, Inc. 22. HAHT Commerce, Inc. 23. Alliance of Professionals & Consultants, Inc. 24. Transoft 25. Inveresk Research Group, Inc. 26. Cree, Inc. 27. Technology Concepts & Design, Inc. 28. Elsinore Technologies 29. Constella Group, Inc. 30. Trimeris, Inc. 31. Synapse synapse (sĭn`ăps), junction between various signal-transmitter cells, either between two neurons or between a neuron and a muscle or gland. A nerve impulse reaches the synapse through the axon, or transmitting end, of a nerve cell, or neuron. Technology Inc. 32. US LEC (1) (LAN Emulation Client) A software driver that provides LAN emulation (LANE) in an ATM network. It resides in an ATM end station or in a computer system that provides the LAN to ATM conversion, often known as a LAN access device. See LANE. 33. aaiPharma, Inc. 34. FormScape, Inc. 35. PharmaResearch Corporation 36. SlickEdit 37. CISYS CISYS Computer Information Systems (degree) 38. PPD (1) (Parallel Presence Detect) The method used by earlier SIMM memory modules to communicate their capacity to the computer. A binary number coming from a parallel set of pins was read by the system, with each pin representing one bit. Contrast with SPD. , Inc. 39. Closure Medical Corp. 40. ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. Industrial Automation, Inc. 41. Market Central, Inc. 42. Ateb, Inc. 43. A4 Health Systems, Inc. 44. Coventor, Inc. 45. Lineberry Research Associates 46. APEX Analytix 47. Triangle Biomedical Sciences, Inc. 48. CT Communications CT Communications was a telecommunications company in the U.S. state of North Carolina. It also served South Carolina. The company began in 1897 as the Concord Telephone Company. , Inc. 49. Embrex, Inc. 50. InfoVision Rising Star Category Deloitte & Touche also ranked six Rising Star technology companies, which follow the same criteria as the North Carolina Technology Fast 50 but are selected based on revenue growth over a three-year period from 2000 to 2002. Companies must be in business for either three or four years. All U.S. and Canadian based Rising Star winners are automatically considered for the Deloitte & Touche Technology Fast 500 Rising Star category. The 2003 Rising Star winners include four newcomers - PharmaLinkFHI, Pinpoint Networks, Inc., etrials and NuTech Solutions Inc. Collectively, these Rising Stars gained 3,310 percent revenue growth. Both MindBlazer, Inc. and goodmortgage.com fell from numbers one and two in 2002 to numbers five and six this year, respectively. This year's Rising Star winners include in rank order: 1. PharmaLinkFHI 2. Pinpoint Networks, Inc. 3. etrials 4. NuTech Solutions, Inc. 5. MindBlazer, Inc. 6. goodmortgage.com About Deloitte & Touche Technology, Media & Telecommunications (TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there ) Group The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients. About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. . Deloitte Touche Tohmatsu is a Swiss Verein A Swiss Verein ("Verein" is German for "Union") is a legal structure in Swiss law. It is similar to the Anglo-American voluntary association. Unlike Germany, a Swiss Verein does not need to be registered in order to have a separate legal personality. Most Swiss NGOs resp. , and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion