Computer, Software, Internet and Communications Firms Dominate Deloitte & Touche Technology Fast 500 Ranking.Business Editors and High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 16, 2000 Primus Telecommunications Ranks Number One with 71,257 Percent Growth Computer, software, Internet and communications companies dominate the Deloitte & Touche 2000 Technology Fast 500, a 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. . Seventy-seven percent of the winners are in these industry sectors, including 43 of the top 50 winners. Topping the Fast 500 is Primus Telecommunications Group Inc. (Nasdaq:PRTL PRTL Post-Registration Training and Learning ), a communications company with headquarters in McLean, Va. Primus Telecommunications had a five-year revenue growth rate of 71,257 percent, moving from $1,167,000 in 1995 to $832,739,000 in 1999. For the complete Fast 500 ranking, visit www.fast500.com. "We attribute our fast growth to anticipating opportunities and being ready before those opportunities came knocking," said K. Paul Singh, 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. , Primus Telecommunications Group. Primus saw gold in the deregulating de·reg·u·late tr.v. de·reg·u·lat·ed, de·reg·u·lat·ing, de·reg·u·lates To free from regulation, especially to remove government regulations from: deregulate the airline industry. telecommunications markets and quickly established operating units in targeted regions throughout the world. It now offers Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) services, Web-hosting and Application Service Provider (ASP) services, content distribution and streaming media See streaming audio, streaming video and digital media hub. , and ATM+IP managed bandwidth via its own network. Second on the Fast 500 is Euronet Worldwide Euronet Worldwide, EEFT (Nasdaq), is the largest independent Automated teller machine (ATM) acquiring network in Central/Eastern Europe. It was founded in 1994 by brothers-in-law Dan Henry and Mike Brown. Euronet purchased it's software solutions vendor, Arksys, in 1999. Inc. (Nasdaq:EEFT EEFT End-to-End Force Tracking ), a software company based in Leawood, Kan., with a revenue growth of 66,790 percent. Its revenues moved from $62,000 in 1995 to $41,472,000 in 1999. Euronet develops applications providing banks, retailers and mobile operators with an infrastructure to provide their clientele secure access to their personal financial information and perform secure financial transactions, and its independent ATM network is the largest in Europe. Rounding out the top five Fast 500 companies are three Internet companies. Third-ranked 24/7 Media of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of had 59,118 percent growth, growing from revenues of $152,000 in 1995 to $90,011,000 in 1999. Fourth-ranked Razorfish Inc., also of New York, had revenue growth of 54,445 percent, growing from revenues of $312,000 in 1995 to $170,179,000 in 1999. Fifth-ranked Internet Security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. Systems (ISS ISS See Institutional Shareholder Services (ISS). ) of Atlanta, had revenue growth of 45,226 percent, growing from revenues of $257,000 in 1995 to $116,487,000 in 1999. "Companies in the computer, software, Internet and communications sectors are driving the growth of all other industries by creating new ways for companies to market and sell their products and services," said Mark Evans, managing director of Deloitte & Touche's Technology & Communications Group in San Jose. "We applaud their vision, efforts and tenacity to reinvent the way people communicate and do business, all at the speed of light." Computer, Software, Internet & Communications Companies Dominate Companies in the software industry make up the greatest percentage, 46 percent, of the Fast 500, followed by Internet companies, which account for 17 percent of the list. Communications, biotechnology and medical, scientific, technical & manufacturing companies each represent 9 percent, while computer & peripherals companies account for 5 percent. Semiconductor, components & electronics companies account for 2 percent and other technology companies represent 3 percent of the Fast 500. Internet companies comprise 17 percent of the 2000 Fast 500, up from just 9 percent in 1999 and 5 percent in 1998. Four of the top 10 Fast 500 winners are Internet companies. America Online See AOL. , an Internet company in McLean, is the largest Internet company on the list. Ranked Number 317, its revenues grew from $394,290,000 in 1995 to $4,777,000,000 in 1999. Fast 500 Winners Average 3,956 Percent Growth in Five Years Overall growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for all 500 Fast 500 companies was 3,956 percent. The 1999 Fast 500 average growth percentage was 4,998 percent. This year, Fast 500 winners had combined 1999 revenues of $89.4 billion. Five-year growth percentages for the 2000 Fast 500 winners ranged from 593 to 71,257 percent. Combined, the top five winners' average growth rate was more than 59,000 percent. 46 Percent of Fast 500 Winners Headquartered in the Eastern United States Technology companies in the Eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. make up nearly half of the Fast 500 this year. The Northeast region has 25 percent of the winners, down from 37 percent in 1999, while the Southeast has 21 percent, up from 18 percent in 1999. Together, these two regions have nearly double the Fast 500 winners as in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . 27 Percent of Fast 500 Winners Based in the Western United States The West has 27 percent of the 2000 winners. It had 30 percent in 1999 and 35 percent in 1998. Despite this decline, it still has more Fast 500 winners than any other individual region. This is the first time in the Fast 500's six-year history that none of the top five are based in the West, although three of the top 10 have headquarters there. As was the case on the 1999 ranking, the three top companies in the Western region have headquarters in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . Northern California Holds its Own with Three of the Top 10 Winners California is still home to more technology companies than any other state on the Fast 500. Twenty-one percent (106 companies) of the 2000 Fast 500 winners are based there (Northern California has 65 companies, while Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, has 41 companies). Three of the top 10 winners are based in Northern California, including sixth-ranked Yahoo! Inc., an Internet company based in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif., which had 43,085 percent growth. Seventh-ranked PC-TEL Inc., a communications company based in Milpitas, Calif., had 39,844 percent growth. Tenth-ranked NVIDIA Corp., a components company based in Santa Clara, Calif., had 31,584 percent growth. Canada Stakes a Claim with Two of the Top 11 Winners Canadian companies This is a list of companies from Canada.
Directory: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Current Companies were eligible for the Fast 500 for the first time this year. Their revenues were calculated in Canadian Dollars. Canada boasts 9 percent of this year's winners, including two of the top 11 companies, which are in the software and communications industries. Ninth-ranked Pivotal Corp., a software company based in North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , B.C., had a growth rate of 34,548 percent. Its revenues increased from $110,000 in 1995 to $38,251,000 in 1999. Eleventh-ranked Stratos Global Corp., a communications company based in Toronto, had a growth rate of 27,560 percent. Its revenues grew from $527,000 in 1995 to $145,769,000 in 1999. Canadian companies averaged 3,372 percent growth. (There are no previous years' benchmarks since this is the first year Canadian companies were eligible for the Fast 500.) Five Companies Rank on Fast 500 for Six Consecutive Years Five companies, or 1 percent of the winners, have weathered shifting market trends and economic fluctuations to appear on the Fast 500 ranking for six consecutive years, since the program's inception in 1995. All five companies are in the software, communications or Internet industries. In order of their 2000 ranking, the six-time winners are: Number 177 VERITAS Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. , a software company based in Mountain View, Calif. Number 183 Intermedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University). Communications Inc., a communications company based in Tampa, Fla. Number 317 America Online, an Internet company based in Dulles, Va. Number 343 iBASEt, a software company based in Lake Forest, Calif. Number 474 MRV Communications  OverviewMRV NASDAQ: MRVC is a company that designs, manufactures, sells, distributes, integrates and supports communication equipment and services, and optical components. Inc., a communications company based in Chatsworth, Calif. In addition to the 1 percent who made the listing six times, 1 percent of the winners also made the ranking for five consecutive years. Five percent have made the ranking four times, 12 percent have made the ranking three times, 20 percent have made the ranking two times and 61 percent appear on the Fast 500 for the first time. None of the top 10 winners appeared on the Fast 500 in previous years. Size is No Barrier to Fast Growth -- Biggest Companies on the Fast 500 Being among the largest companies in North America hasn't stopped the following companies from experiencing stellar growth. There are seven companies whose 1999 revenues exceed $1 billion. All publicly held, the seven largest companies are all in the software, communications or Internet industries. In order of revenue, they are: Number 363 WorldCom Inc., a communications company in Clinton, Miss., with 1999 revenues of $37,120,000,000 Number 317 America Online, an Internet company in Dulles, Va., with 1999 revenues of $4,777,000,000 Number 364 QUALCOMM Inc., a communications company in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , with 1999 revenues of $3,937,299,000 Number 135 Qwest Communications International, a communications company in Denver, with 1999 revenues of $3,927,600,000 Number 227 Nextel Communications, a communications company in Reston, Va., with 1999 revenues of $3,326,000,000 Number 345 EchoStar Communications, a communications company in Littleton, Colo., with 1999 revenues of $1,602,841,000 Number 381 Bridge Information Systems Inc., a software company in St. Louis, with 1999 revenues of $1,225,287,000 Fifty-Six Percent of Fast 500 Winners are Publicly Traded Fifty-six percent of the companies on the Fast 500 are publicly traded, including 18 of the top 20 companies. Forty-four percent are privately held. Rising Stars -- 10 Fast-Growth Companies Less than Five Years Old As an accompaniment to the Fast 500, Deloitte & Touche also honors 10 "Rising Star" companies. These winners have accomplished fast growth and meet the criteria of being a technology company based in North America, but instead of being required to be in business for five years, they must be in business a minimum of three years. Topping Deloitte & Touche's first-ever "Rising Stars" list are: 1. CopperMountain Networks Inc., a communications company in Palo Alto, Calif., with 53,323 percent growth 2. ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. Corp., a communications company in Princeton, N.J., with 43,099 percent growth 3. Extreme Networks Inc., a computers/peripherals company in Cupertino, Calif., with 38,191 percent growth Qualifying Criteria for the Fast 500 The Fast 500 list is compiled from three sources: winners of Deloitte & Touche's 22 regional North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Fast 50 programs, nominations submitted directly to the Fast 500 and public company database research. To qualify for the Fast 500, entrants must have had 1995 revenues of at least $50,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and $75,000 CD for the United States and Canada, respectively. Entrants are public or private companies with headquarters in North America; and must be a "technology company," specifically defined as a company that produces technology, manufactures a technology-related product, is technologically intensive, uses technology in problem-solving, or devotes a high percentage of effort to research and development of technology. Fast 50 Programs Expand to Israel, Netherlands and Australia Deloitte & Touche is expanding its regional Fast 50 programs to Israel, the Netherlands and Australia, in addition to its current international programs in Canada and the United Kingdom (England, Ireland and Scotland). Visit www.fast50.com for more information and deadlines for 2001 program nominations. About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for three consecutive years. Deloitte & Touche is part 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. , one of the world's leading professional services firms, with more than 90,000 people in more than 130 countries. About Deloitte & Touche's Technology & Communications Group The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, publishing, communication utilities, networking, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications 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, operational and information technology assistance to its technology and communications clients. Note to Editors: For a complete list of the Deloitte & Touche Technology Fast 500 winners for 2000 and past years, visit www.fast500.com. |
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