Deloitte & Touche Announces Alphabetical Listing of Technology Fast 50 Winners, the Fastest-Growing Technology Companies in Minnesota.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--July 25, 2003 Minnesota Minnesota, state, United States Minnesota (mĭn'ĭsō`tə), upper midwestern state of the United States. It is bordered by Lake Superior and Wisconsin (E), Iowa (S), South Dakota and North Dakota (W), and the Canadian provinces Technology Fast 50 Winners Experience Average Revenue Growth of 654 Percent 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, today announced an alphabetical listing of its Minnesota Technology Fast 50 winners. Winners will be announced in ranking order at an awards event held on Thursday Thursday: see week. , September September: see month. 18, 2003 at The Metropolitan Ballroom
A ballroom is a large room inside a building, the designated purpose of which is holding formal dances called balls. in Minneapolis. The Minnesota Technology Fast 50 annually ranks the fastest-growing technology companies based on revenue growth that are headquartered in Minnesota. "As you can see, our list of winners represents the diversity of the technology community in Minnesota," said Ron Hafner, a partner at Deloitte & Touche in Minneapolis. "Fast 50 winners are companies that are leading the world in new, breakthrough innovations and who will transform the way we do business both in Minnesota and around the globe." Winners are selected based on the percentage of growth in revenues from 1998 to 2002. To be considered, Fast 50 entrants must have met the following criteria: Have 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. of at least $50,000 in 1998 and at least $1,000,000 in 2002. Be public or private companies, headquartered in Minneapolis. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded. A "technology company" is defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. A special category called "Rising Stars" recognizes the two fastest growing technology companies based on revenue growth over three years (2000-2002). The Minnesota Technology Fast 50 winner alphabetical listing is as follows: American TeleCare, Inc. August Technology Ballistic Recovery Systems Inc. Captovation, Inc. CareFacts Information Systems CIMA LABS INC. Comm-Works, Inc. Compex Technologies, Inc. (formerly Rehabilicare) Convey Compliance Systems, Inc. Delkor Systems, Inc. Delphax Technologies Inc. (formerly Check Technology) Dexma, Inc. Digital River, Inc. ECOsmarte Planet Friendly, Inc. Endocardial Solutions, Inc. etravelexperts, LLC HighJump Software, Inc. Image Sensing Systems, Inc. ImageTrend, Inc. Infinite Graphics Incorporated Infrared Solutions, Inc. Insignia Systems, Inc. Integrated Decisions and Systems, Inc. Internet Broadcasting Systems, Inc. Intertech, Inc. Lawson Software, Inc. Medamicus, Inc. Medtronic, Inc. MQSoftware, Inc. MSP Corporation New Boundary Technologies, Inc. (formerly Lanovation) Object Solutions OPEN incorporated Open Systems International Orphan Medical Inc. PEMSTAR, Inc. Possis Medical, Inc. QRS Diagnostic, LLC Retek, Inc. Stellent, Inc. Sterion, Inc. SurModics, Inc. Synovis Life Technologies, Inc. TestQuest, Inc. Urologix, Inc. Vascular Solutions, Inc. Visual Circuits Corp. Vital Images, Inc. WTC Industries, Inc. XIOtech Corporation Rising Stars: MedSource Technologies The Protomold Company, Inc. The Fast 50 program is hosted by Deloitte & Touche and is sponsored by Faegre & Benson LLP and The Business Journal, and in association with the Minnesota High Tech Association. 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