Virtual Technology Corporation Ranked Number 438th Fastest Growing Technology Company in North America on the 2005 Deloitte Technology Fast 500.ALEXANDRIA, Va. -- Alexandria-Based Distributed Simulation & Command & Control Systems Engineering Leader Attributes Growth to Continued Success with Defense Customers Virtual Technology Corporation (VTC VTC - video teleconferencing ), has announced that they have been ranked as one of the fastest growing companies on the 2005 Deloitte Technology Fast 500, a ranking of the 500 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. . VTC is a leading supplier of distributed simulation and Command & Control Systems (C2) software and systems engineering services and interoperability products to defense agencies worldwide. This recognition comes on the heels of the recent announcement that VTC was named to Deloitte's prestigious Technology Fast 50 Program for Virginia, a ranking of the 50 fastest growing technology companies that includes the highly competitive Northern Virginia technology corridor. VTC's performance that earned the 2005 award topped previous years with an extraordinary 46 percent growth. The Technology Fast 500 Award vaults VTC into the national arena of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. companies with outstanding sustained growth. The Technology Fast 50 Award is VTC's fifth such award in the past six years. Technology Fast 500 rankings are based on percentage revenue growth over five years, from 2000-2004. VTC grew at a phenomenal 285 percent during this period. VTC 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. Jack Harrington credits the company's revenue growth of 285 percent to "our commitment to providing real solutions to our customer's most challenging problems, our people's fanatical support to our customers, and a singular dedication to saving lives and saving money for the warfighter." "Making the Deloitte Technology Fast 500 is commendable in today's highly competitive technology industry," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "We congratulate Virtual Technology Corporation for being one of the 500 fastest growing technology companies in North America." Harrington said, "There is increasing recognition in the DoD of the value of distributed enterprise and Command and Control enabling technologies to support emerging warfighter requirements. This has prompted a need, across government and industry sectors, for expert distributed system engineering services and latest generation interoperability products. Our people, the best and brightest in the industry, and our technologies, are at the forefront of this effort." Fast 500 Selection and Qualifications The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating 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. or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD. Entrants must be 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 Virtual Technology Corporation Virtual Technology Corporation (VTC) is dedicated to saving lives and saving money for the warfighter. VTC is a leading provider of distributed simulation and Joint Command and Control (C2) services and products. Since its founding in 1994, VTC has provided critical technical solutions to some of the largest and most complex software and systems engineering programs in government and industry. VTC has played a leading role in the design, development, and application of the latest simulation standards including Distributed Interactive Simulation Distributed Interactive Simulation (DIS) is an open standard for conducting real-time platform-level wargaming across multiple host computers and is used worldwide especially by military organizations but also by other agencies such as those involved in space exploration and (DIS) and High Level Architecture (HLA HLA human leukocyte antigens. HLA abbr. human leukocyte antigen HLA (human leuckocyte antigen) ). Our people and products provide solutions across the Live, Virtual and Constructive (LVC LVC Lebanon Valley College LVC Laser Vision Correction LVC Live Virtual Class (Sun Microsystems) LVC Levi's Vintage Clothing LVC Live Virtual Constructive (simulation space) LVC Low Voltage Cutoff ) and C2 domains. VTC is at the forefront of the C2 fusion effort providing software, and systems engineering support, key enabling tools and technologies and full life-cycle support for operationally fielded systems in use in the Global War On Terror This article is about U.S. actions, and those of other states, after September 11, 2001. For other conflicts, see Terrorism. The War on Terror (also known as the War on Terrorism (GWOT GWOT Global War on Terrorism ). VTC is based in Alexandria, VA with offices in Orlando, FL and employees on site with our customers in Hawaii, Korea, Europe and in the OIF OIF Operation Iraqi Freedom OIF Organisation Internationale de la Francophonie (French: International Organization of Francophonie) OIF Office for Intellectual Freedom (American Library Association) and OEF OEF Operation Enduring Freedom (US government response to September 11, 2001 terrorism attacks) OEF Oxford Economic Forecasting OEF Oregon Entrepreneurs Forum OEF Optimal Extension Fields operational theatres. Visit VTC at www.virtc.com. (C)2005 Virtual Technology Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners. |
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