(COMTEX)B: Deloitte & Touche Announces Ranking of Fastest Growing Technology Companies
in Los Angeles Area
LOS ANGELES, Sep 15, 2000 (BUSINESS WIRE) --
Digital Insight Corp. Tops List With Five-Year Revenue Growth
of 19,793 Percent
The fastest growing technology companies in the region were recognized by
Deloitte & Touche LLP at an awards banquet held September 14 at Loews Santa
Monica Beach Hotel. Called the "2000 Los Angeles Technology Fast 50," the annual
awards program ranks technology companies located in Los Angeles, Riverside,
Santa Barbara, San Bernardino, and Ventura counties by revenue growth over a
five-year period.
With an impressive revenue growth of 19,793 percent, Calabasas-based Digital
Insight Corp. leads this year's Fast 50. The company works hand-in-hand with
financial institutions to provide both retail and commercial customers with
Internet-based financial solutions.
"We congratulate all the Fast 50 companies for their commitment to the
technology industry, and for delivering on the promise of market longevity,"
said Gary Dickey, partner, Los Angeles Technology Group, Deloitte & Touche.
"Being named a Fast 50 winner is a testament to each company's leadership, and
its ability to not only have the right solution at the right moment, but also
the vision that contributes to the growth of the business over five years."
To qualify for the Los Angeles Technology Fast 50, companies must be in business
for a minimum of 5 years; must not be a subsidiary or division, unless
separately traded and having some public ownership; must have 1995 operating
revenues of at least $50,000 and 1999 operating revenues of $1 million or more;
must be considered a technology company which is defined as developing
proprietary technology which contributes to a significant portion of the
company's operating revenues, manufacturing a technology-related product, or
devoting a high percentage of effort to research and development of technology;
and must be headquartered in Los Angeles, Riverside, Santa Barbara, San
Bernardino, or Ventura counties.
The 2000 Los Angeles Technology Fast 50 program is presented by Deloitte &
Touche and sponsored by A. G. Edwards; Brobeck Phleger & Harrison LLP; E-Media
Corp.; Imperial Bank; Marsh; and Merrill Corporation, in association with the
California Manufacturing Technology Center.
The 2000 Fast 50 company rankings are as follows:
Company Name City Exchange/Ticker 5-Year
Revenue Growth
1 Digital Insight Corp. Calabasas NASD: DGIN 19,793%
2 EarthLink Network, Inc. Pasadena NASD: ELNK 11,204%
3 Interactive Search Los Angeles PRIVATE 9,697%
4 Miravant Medical
Technologies Santa Barbara NASD: MRVT 2,698%
5 Adexa, Inc. Los Angeles PRIVATE 2,568%
6 Guidance Solutions Marina del Rey PRIVATE 1,414%
7 Launch Media, Inc. Santa Monica NASD:LAUN 1,384%
8 Computer Motion, Inc. Goleta NASD: RBOT 998%
9 Activision, Inc. Santa Monica NASD: ATVI 973%
10 Power-One, Inc. Camarillo NASD: PWER 894%
11 Software.com, Inc. Santa Barbara NASD: SWCM 844%
12 THQ, Inc. Calabasas Hills NASD: THQI 809%
13 Nova Development
Corporation Calabasas PRIVATE 771%
14 MRV Communications, Inc. Chatsworth NASD: MRVC 636%
15 Myricom Inc. Arcadia PRIVATE 635%
16 Franklin
Telecommunications Corp. Westlake AMEX: FCM 618%
Village
17 CIM Vision International,
Corp. Long Beach PRIVATE 615%
18 North American Scientific,
Inc. Chatsworth NASD: NASI 593%
19 Optical Communication
Products, Inc. Chatsworth PRIVATE 557%
20 Vitesse Semiconductor
Corp. Camarillo NASD: VTSS 555%
21 eLabor.com Camarillo PRIVATE 537%
22 Belkin Components Compton PRIVATE 394%
23 Watson Pharmaceuticals,
Inc. Corona NYSE: WPI 374%
24 Intelligent Systems
Technology, Inc. Santa Monica PRIVATE 354%
25 Legal Research Network Los Angeles PRIVATE 326%
26 Software Technologies
Corporation Monrovia NASD: STCS 316%
27 Product Data Integration
Technologies Long Beach PRIVATE 307%
28 Peerless Systems Corp. El Segundo NASD: PRLS 249%
29 Soligen Technologies,
Inc. Northridge OTC: SGTN 246%
30 Biosource International Camarillo NASD: BIOI 240%
31 Semtech Corp. Newbury Park NASD: SMTC 231%
32 Styleclick.com, Inc. Culver City NASD: IBUY 224%
33 Xircom, Inc. Thousand Oaks NASD: XIRC 223%
34 Gemstar International
Group, Ltd. Pasadena NASD: GMST 203%
35 Channell Commercial
Corp. Temecula NASD: CHNL 195%
36 QAD Inc. Carpinteria NASD: QADI 191%
37 InfoGenesis Santa Barbara PRIVATE 177%
38 Tanner Research, Inc. Pasadena PRIVATE 171%
39 International Remote
Imaging Systems, Inc. Chatsworth AMEX: IRI 165%
40 ACT Networks, Inc. Calabasas NASD: ANET 164%
41 Interlink Electronics,
Inc. Camarillo NASD: LINK 162%
42 Motek Beverly Hills PRIVATE 140%
43 Dental Medical
Diagnostic Systems Woodland Hills NASD: DMDS 137%
44 Trillium Digital Systems Los Angeles PRIVATE 109%
45 OSI Systems, Inc. Hawthorne NASD: OSIS 104%
46 QualityLogic, Inc. Moorpark PRIVATE 93%
47 Impco Technologies, Inc. Cerritos NASD: IMCO 92%
48 Micro Pulse Inc. Camarillo PRIVATE 81%
49 Amgen, Inc. Thousand Oaks NASD: AMGN 72%
50 STAAR Surgical Company Monrovia NASD: STAA 71%
Four additional companies were honored in a special "Rising Star" category,
which seeks to recognize selected technology companies that have achieved
outstanding growth, and that meet all eligibility requirements but have been in
business a minimum of three years. Those companies were: 1) Homestore.com, Inc.
(Thousand Oaks; 4,971 percent growth since 1997); 2) Artistdirect, Inc. (Los
Angeles; 444 percent revenue growth since 1997); 3) Genex (Los Angeles, 407
percent revenue growth since 1996); and 4) Digital Lava, Inc. (Marina del Rey;
163 percent revenue growth since 1997).
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. The firm is dedicated to helping our
clients and our people excel. Known as an employer of choice for its innovative
human resources programs, Deloitte & Touche has been recognized as one of the
"100 Best Companies to Work For in America" by Fortune magazine for three
consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of
the world's leading professional services firms, with more than 90,000 people in
over 130 countries. For additional information, please visit our Fast 50 website
at www.fast50.com.
CONTACT: Deloitte & Touche
Suzanne Thompson, 213/688-5264
suthompson@dttus.com
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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: INTERNET
COMPUTERS/ELECTRONICS
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