For 3rd Year in a Row, Molecular Named One of New England's Fastest Growing Technology Companies; Success Attributed to Molecular's 609.31% Revenue Growth.Business Editors/High-Tech Writers WATERTOWN, Mass.--(BUSINESS WIRE)--Aug. 22, 2002 Molecular, a Internet services firm, has been recognized as part of the prestigious "New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Technology Fast 50" for the third year in a row. The program, which is presented by Deloitte & Touche and Hale and Dorr LLP LLP - Lower Layer Protocol , is a ranking of the 50 fastest growing technology companies in New England. Rankings are based on revenue growth over the last five years. Molecular has seen a 609.31% increase in revenue over that time period. Molecular Co-Founder, President 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. Ralph Folz credits the Fast 50 honor to the company's hard working staff and dedication to its clients. "It is great to be recognized in a program that rewards growth over a long period," Folz said. "All of our strategic decisions are made with the long-term in mind. Our business model is supported by a staff of highly talented professionals that have always treated our clients with care and dedication. It is our simple secret to success." To qualify for the Fast 50, a company must have been in business a minimum of five years, with 1997 operating revenue 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 and 2001 operating revenue of at least $1 million. It must be a technology company, strictly defined as one that develops proprietary technology, which contributes to a significant portion of the company's operating revenues; manufactures a technology-related product; devotes a high percentage of effort to research and development of technology; or uses proprietary technology to significantly improve the delivery of technology services. To qualify for the New England Technology Fast 50 program, the company must also be headquartered in one of the six New England states. Molecular's exact rank among the other companies on the Fast 50 list will be announced at a Fast 50 awards ceremony to be held in September. About Molecular Molecular, an Internet services firm, identifies and helps companies unlock revenue-generating and cost-cutting business opportunities by developing custom business applications for the healthcare, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , manufacturing, publishing and retail industries. Clients include giants such as Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Massachusetts, Analog Devices and Deutsche Bank. 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. For more information on the Technology Fast 50 and Fast 500 programs, please visit www.fast50.com. About Hale and Dorr LLP Hale and Dorr, a technology law firm, is nationally and internationally recognized for its expertise in venture capital, initial public offerings, intellectual property and securities and intellectual property litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Hale and Dorr has nearly 500 lawyers with office in Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. , Princeton, Reston, Waltham and Washington and joint venture offices in London, Munich and Oxford. For more information visit www.haledorr.com |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion