Southern California Companies Among Deloitte & Touche Ranking of North America's 500 Fastest Growing Technology Firms; Prometheus Laboratories, Inc. Is Highest Ranking Area Company.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Oct. 16, 2002 Based on their revenue percentage growth over the past five years, 40 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, companies have been recognized among North America's fastest growing technology firms, in the eighth annual Technology Fast 500 ranking announced today by Deloitte & Touche's Technology, Media & Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. Group. With a five-year revenue growth rate of 11,243%, and at number 39, Prometheus Laboratories, Inc., a San Diego-based life sciences company, is the highest ranking Southern California company on the Fast 500 list. The company also ranked number one in the "Orange County/San Diego Technology Fast 50," a local program recognizing the 50 fastest growing technology companies in Orange County and 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. . A newcomer to the Fast 500 and Fast 50 lists this year, Prometheus integrates therapeutics therapeutics Treatment and care to combat disease or alleviate pain or injury. Its tools include drugs, surgery, radiation therapy, mechanical devices, diet, and psychiatry. and diagnostics to provide physicians with a comprehensive solution for chronic disease treatment. "This award would not be possible without the focus and dedication of the entire Prometheus team," said James A. Schoeneck, president and chief executive officer of Prometheus. "It is exciting to see our employees being recognized for what they have accomplished." Of the 40 Southern California winners, the industry breakdown includes 12 companies in life sciences, nine in software, six in communications/networking, five in both computers/peripherals and semiconductors/equipment, and three in Internet. "As last year's Fast 500 list included 40 Southern California winners as well, it's obvious that our local technology companies are continuing to be successful, and are holding their own despite economic challenges," said Gary Dickey, a partner in Deloitte & Touche's Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Technology, Media & Telecommunications Group. The Fast 500 ranking of the Southern California companies is as follows:
5 year
2002 %
Rank Company City growth Ticker Exchange
39 Prometheus Laboratories Inc. San Diego 11,243 Private N/A
54 The TriZetto Group, Inc. Newport 8,561 TZIX NASDAQ
Beach
68 Micro General Corporation Santa Ana 7,662 MGEN NASDAQ
93 Myrient, Inc. Aliso Viejo 5,007 MYNT OTC
99 j2 Global Communications, Hollywood 4,754 JCOM NASDAQ
Inc.
103 CardioDynamics International San Diego 4,000 CDIC NASDAQ
Corporation
106 Starbase Corporation Santa Ana 3,908 SBAS NASDAQ
124 NetSol Technologies, Inc. Calabasas 3,452 NTWK NASDAQ
139 Bridge Technology, Inc. Garden Grove 3,115 BRDG NASDAQ
149 MedSeek Solvang 3,027 Private N/A
151 Diversa Corporation San Diego 3,020 DVSA NASDAQ
173 Broadcom Corporation Irvine 2,503 BRCM NASDAQ
175 ComGlobal Systems, Inc. San Diego 2,489 Private N/A
179 American Pharmaceutical Los Angeles 2,435 APPX NASDAQ
Partners, Inc.
181 Invitrogen Corporation Carlsbad 2,421 IVGN NASDAQ
189 Digital Insight Corp. Calabasas 2,283 DGIN NASDAQ
199 Capstone Turbine Corporation Chatsworth 2,115 CPST NASDAQ
226 Avanir Pharmaceuticals San Diego 1,801 AVN ASE
251 I/OMagic Corporation Santa Ana 1,580 IOMC OTC
271 Medi, Inc. Thousand 1,368 Private N/A
Oaks
275 Optical Communication Chatsworth 1,322 OCPI NASDAQ
Products, Inc.
286 Quest Software, Inc. Irvine 1,240 QSFT NASDAQ
299 Discovery Partners San Diego 1,206 DPII NASDAQ
International
301 Novatel Wireless, Inc. San Diego 1,201 NVTL NASDAQ
311 Sonic Desktop Software, Inc. Northridge 1,135 Private N/A
349 The Linksys Group, Inc. Irvine 981 Private N/A
370 Mission Controls Automation, Irvine 910 Private N/A
Inc.
373 BIOLASE Technology, Inc. San Clemente 902 BLTI NASDAQ
393 Indigo Systems Corporation Goleta 844 Private N/A
400 Wireless Facilities, Inc. San Diego 813 WFII NASDAQ
412 WebSideStory San Diego 792 Private N/A
417 Cardiac Science, Inc. Irvine 778 DFIB NASDAQ
420 Telenetics Corporation Lake Forest 772 TLNT NASDAQ
447 Line 6, Inc. Agoura Hills 690 Private N/A
451 Endocare Inc. Irvine 686 ENDO NASDAQ
466 Applied Micro Circuits San Diego 658 AMCC NASDAQ
Corporation
476 Syagen Technologies, Inc. Tustin 644 Private N/A
490 Worldwide Wireless Networks Orange 623 WWWN OTC
495 Activision, Inc. Santa Monica 617 ATVI NASDAQ
499 Websense Inc. San Diego 615 WBSN NASDAQ
Four Southern California technology firms were also recognized on the Fast 500 list among 25 "Rising Stars," which are young companies that have met the same criteria as the Fast 500, but have been in business a minimum of three years, and less than five years. Revenue growth is based over three years (1999-2001). Those companies are: #6, Commission Junction Commission Junction is an online advertising company owned by ValueClick. They are specifically in the affiliate marketing industry. Commission Junction is the largest affiliate network in north America, powering almost 50% of the top 500 web retailers affiliate marketing , Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , with a three-year growth rate of 8,757%; #9, Exult Inc., Irvine, at 5,511% growth rate; #15 Enterprise Commerce & Communications, Inc., Gardena, at 3,225% growth; and #21, Nomadix, Inc., Westlake Village, with a three-year growth rate of 2,037%. Qualifying Criteria for the Fast 500 The Fast 500 list is compiled from three sources: Deloitte & Touche'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 1997 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. Deloitte & Touche researchers examined financial statements to validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data operating revenues. Entrants are public or private companies headquartered 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. 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 high percentage of effort to research and development of technology. About Deloitte & Touche Deloitte & Touche, 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 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 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 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 five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP LLP - Lower Layer Protocol and related entities. Deloitte & Touche is the U.S. 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. Note: For a complete list of the Deloitte & Touche Technology Fast 500 winners for 2002 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 & Touche Technology Fast 500 contains general information only, and Deloitte & Touche is not, by means of this program, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. The 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 & Touche shall not be responsible for any loss sustained by any person or entity that relies on this program. |
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