Raindance Communications is Fastest Growing Tech Company in Colorado on Deloitte Technology Fast 500 List of Fastest Growing Tech Companies in North America.Business Editors/High-Tech Writers DENVER--(BUSINESS WIRE)--Oct. 14, 2003 Eleven Colorado Companies List of Colorado companies includes notable companies that are, or once were, headquartered in Colorado. 0–9 A
500 Raindance Communications Raindance Communications Inc., is a US company that provides online meeting, web conferencing and teleconferencing services. Its products include "Raindance Seminar Edition", "Raindance Meeting Edition", "Raindance Web Conferencing Pro", "Raindance Reservationless Conferencing", of Louisville is the fastest growing technology company in Colorado, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Deloitte Technology Fast 500, which ranks the fastest growing technology companies based on average percentage fiscal year revenue growth over five years (1998-2002). Raindance Communications ranked Number 47 on the Fast 500. "In an era where technology companies come and go, making the Deloitte Fast 500 is a testament to a company's vision that allows growth over five years," said Steve Yaroch, lead partner in the Technology, Media, & Telecommunications (TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there ) Group of Deloitte in Denver. "The eleven Colorado companies making this prestigious list have proven that even in these difficult economic times, the right leadership, commitment to technology, and ability to deliver the right solution at the right time leads a company to sustained revenue growth." Raindance's 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. , Nicholas Cuccaro, credits the dedication and hard work of Raindance's employees, as well the increasing acceptance of conferencing See teleconferencing. technologies in the workplace, as the driving forces behind the company's revenue growth. "It is extremely gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to be recognized by Deloitte for our achievements these past five years and I thank each and every one of our team members for helping us to achieve this honor. Our ranking is testament to the fact that our customers believe in the inherent value of our services and are embracing conferencing technologies as a means to replace face-to-face meetings." Raindance Communications, a provider of integrated web and audio conferencing See audioconferencing. services, showed an 8,885 percent growth from $675,000 in 1998 to $60,651,000 in 2002. This is the first year the company has made the Fast 500. Ranked Number 133 on the Fast 500, Quovadx, Inc., a global platform software and vertical solutions company based in Englewood, showed a 2,704 percent increase from $2,270,000 in 1998 to $63,658,000 in 2002. The company has been on the list 2 times and was ranked Number 425 in 2002. 3t Systems, a provider of information technology integration solutions based in Denver, ranked 178 on the Fast 500. Their increase is 1,942 percent from $450,000 in 1998 to $9,187,000 in 2002. They have made the Fast 500 list 3 years now, ranking 213 in 2002 and 376 in 2001. Colorado Companies Making the Fast 500 Grew an Average 823 Percent Fast 500 companies in Colorado grew an average of 1,767 percent, compared with the national average of 5,493 percent. Growth percentages for the 2003 Colorado Fast 500 winners ranged from 471 percent to 8,885 percent. Combined, the top five 2003 Fast 500 winners' growth rate percentages averaged 177,851 percent. Repeat Fast 500 Winners In addition to Quovadx, Inc. and 3t Systems, prior year winners to the Fast 500 include eCollege.com, which ranked 240, McDATA Corporation, which ranked 336, UnitedGlobalCom, Inc., which ranked 482, and Time Warner Telecom Time Warner Telecom NASDAQ: TWTC is headquartered in Littleton, Colorado. The company provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise Inc., which ranked 498. We commend these companies for making the commitment to technology and delivering on the promise of market longevity.
Colorado companies ranking on the 2003 Deloitte Technology Fast 500
Fast 500 5 Yr.
Rank Company Growth % City Ticker
47 Raindance Communications 8885% Louisville RNDC
133 Quovadx, Inc. 2704% Englewood QVDX
178 3t Systems 1942% Denver Private
240 eCollege 1323% Denver ECLG
288 ARC Wireless Solutions 1013% Wheat Ridge ARCS
336 McDATA Corporation 798% Broomfield MCDTA
371 Level 3 Communications, Inc. 703% Broomfield LVLT
416 NaPro BioTherapeutics Inc. 590% Boulder NPRO
472 Intelligent Software Solutions, 509% Colorado Private
Inc. Springs
482 UnitedGlobalCom, Inc. 495% Denver UCOMA
498 Time Warner Telecom Inc. 471% Littleton TWTC
Software Companies Loosen Grip but Still Dominate the Fast 500 Thirty-nine percent (197 companies) of the 2003 Fast 500 winners are in the software industry, down from 48 percent in 2002 and 57 percent in 2001. Companies in the life sciences industry represented 19 percent (94 companies) of the winners, up from 16 percent in 2002 and 15 percent in 2001. Internet companies represented 18 percent (88 companies), up significantly from 10 percent in 2002 and 15 percent in 2001. Communications and networking companies accounted for 16 percent (78 companies), up slightly from 15 percent in 2002 and 13 percent in 2001. Computer and peripheral companies represented 4 percent (21 companies), consistent with 4 percent in 2002 and down slightly from 6 percent in 2001. Semiconductor and electronics companies represented 4 percent (22 companies), down from 7 percent in 2002 and 6 percent in 2001. TheraSense Inc. (Nasdaq:THER) topped the 2003 Deloitte 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. based on average percentage revenue growth over five years (fiscal year revenues 1998-2002). The first life sciences company to ever top the Fast 500 ranking, TheraSense had a revenue growth rate over five years of 296,080 percent, from revenues of $60,000 in 1998 to $177,708,000 in 2002. Based in Alameda Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. , Calif., TheraSense develops, manufactures and sells easy-to-use glucose monitoring glucose monitoring Lab medicine The periodic evaluation of any analyte abnormal in Pts with DM, to assess short and long-term control with antiglycemic agents. See Glucose, Glycated hemoglobin. systems that dramatically reduce the pain of testing for people with diabetes. Qualifying Criteria for the Fast 500 The Fast 500 list is compiled from Deloitte's 20 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 1998 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 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 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. and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues. Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify. About Deloitte Deloitte, 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, provides audit, tax, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and consulting 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 has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP LLP - Lower Layer Protocol and affiliated entities. Deloitte is the US member firm 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. (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us. Deloitte Technology, Media & Telecommunications (TMT) Group The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies See telecom company. 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 is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients. Note: For a complete list of the Deloitte Technology Fast 500 winners for 2003 and past years, visit www.fast500.com. All names are trademarks or registered trademarks of their respective companies and are used for information purposes only. The Deloitte Technology Fast 500 contains general information only, and Deloitte is not, by means of this program, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. The Technology Fast 500 is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect you or your business. Past performance is not necessarily indicative of future results. In addition, prediction of future events is inherently subject to both known and unknown risks, uncertainties and other factors that may cause actual results to vary materially. Before making any decision or taking any action that may affect you or your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person or entity that relies on this program. |
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