Friday September 19 6:01 AM EDT
Company Press Release
Silicon Valley Technology Fast 50 Award Honors
Fastest Growing Companies
Winner Boasts Growth Rate of 23,605 Percent
14 Companies Receive New Gold Circle Award for Sustained
Record Growth
Talented Employees Cited as Top Success Factor
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 19, 1997--Deloitte & Touche LLP and
Joint Venture: Silicon Valley Network announced the winners of the Silicon Valley
Technology Fast 50 at a gala awards ceremony last night.
Given to the fastest growing companies as ranked by revenue, the Fast 50 recognizes the
tremendous growth and achievements of those companies leading the booming
technology market - and the economy in Silicon Valley.
In addition to the Fast 50, a new award, the Gold Circle, pays tribute to the 14 companies
who have recorded incredible revenue growth and placed in the Fast 50 for three
consecutive years -- no small feat in the competitive high technology industry.
``Nowhere else in the country produces the results we have here in Silicon Valley,'' says
Roy Avondet, who leads Deloitte & Touche's Northern California High Technology
Group. ``Our Fast 50 companies demonstrate the Valley's vitality and its continuing
ability to grow leading technology companies.''
Continues Becky Morgan, President and CEO of Joint Venture: Silicon Valley Network,
``This unprecedented growth is the result of the creativity and entrepreneurial spirit which
symbolizes Silicon Valley -- leading to the production of the world's most versatile
technologies and products.''
That statement becomes a theme as you look at the winning companies. Silicon Valley's
Fast 50 list is very unusual compared to the 15 other Fast 50 programs across the nation:
it boasts a majority of public companies, seven companies in the billion-dollar circle,
including Fortune 500 companies as well. The expansive growth in high technology is
further exemplified by software companies now competing head-to-head with growth
numbers recently produced by the semiconductor industry.
The number one spot goes to a company with an amazing growth rate of 23,605%:
International Network Services. The company provides services for complex enterprise
networks. Says Donald McKinney, Chairman and CEO of INS, ``INS is pleased to
receive this prestigious award because it brings greater attention to our unique Silicon
Valley success story.''
Continues McKinney, ``As a services-only company, we chose Silicon Valley for our
headquarters because it is the premier location for building high-growth
technology-oriented companies, like INS, that rely on venture capital, leading edge
products, and great people to deliver quality solutions to their clients.''
McKinney is not alone in acknowledging the highly talented pool of people who live and
work in Silicon Valley as a major success factor. Many companies were asked how they
were able to achieve -- and for Gold Circle winners, sustain -- such high levels of growth.
Mark Leslie, CEO of VERITAS Software Corporation, sums it up, ``Our talented,
dedicated employees.'' Most of the companies, including all of the top five, agreed.
``In 1997, our Fast 50 winners again reinforce what we have heard from prior winners:
those companies that can hire and retain the best employees win,'' says Mark Evans,
National Managing Director of Deloitte & Touche's High Technology Group.
The Silicon Valley Technology Fast 50 winners are eligible for inclusion on the
Technology Fast 500 list, which ranks the 500 fastest growing technology companies
across the United States. The Fast 500 uses data from the Fast 50 programs throughout
the nation.
The Silicon Valley Technology Fast 50 and the Gold Circle winners are below.
The Silicon Valley Technology Fast 50
Rank % Growth Company City
1 23605% International Network Services Sunnyvale
2 13227% Silicon Storage Technology Inc. Sunnyvale
3 8853% Documentum Inc. Pleasanton
4 8605% Pericom Semiconductor Corporation San Jose
5 6931% Inhale Therapeutic Systems Belmont
6 6732% InnerDyne Inc. Sunnyvale
7 6560% Mattson Technology Inc. Fremont
8 5539% Alliance Semiconductor Corporation San Jose
9 4485% SEQUUS Pharmaceuticals Inc. Menlo Park
10 3844% Clarify Inc. San Jose
11 3804% WESTT Inc. Menlo Park
12 3286% ArrayComm Inc. San Jose
13 3066% Remedy Corporation Mountain View
14 2549% Polycom Inc. San Jose
15 2456% Incyte Pharmaceuticals Inc. Palo Alto
16 2316% Bay Networks Inc. Santa Clara
17 2031% Red Brick Systems Inc. Los Gatos
18 1990% NetManage Inc. Cupertino
19 1961% Edify Corporation Santa Clara
20 1638% Harmonic Lightwaves Inc. Sunnyvale
21 1621% OnTrak Systems Inc. San Jose
22 1616% On Command Corporation San Jose
23 1420% S3 Incorporated Santa Clara
24 1414% Worldtalk Corporation Santa Clara
25 1326% PeopleSoft Inc. Pleasanton
26 1270% CIDCO Incorporated Morgan Hill
27 1224% McAfee Associates Inc. Santa Clara
28 1159% Mercury Interactive Corporation Sunnyvale
29 938% Identix Incorporated Sunnyvale
30 891% Microbar Incorporated Sunnyvale
31 850% Qualix Group Inc. San Mateo
32 844% Legato Systems Inc. Palo Alto
33 767% Aurum Software Inc. Santa Clara
34 747% CKS Group Inc. Cupertino
35 690% ISD San Jose
36 653% ReSound Corporation Redwood City
37 652% Asyst Technologies Inc. Fremont
38 638% Bell Microproducts Inc. San Jose
39 592% Solectron Corporation Milpitas
40 501% Zoran Corporation Santa Clara
41 470% 3Com Corporation Santa Clara
42 461% Synopsys Inc. Mountain View
43 455% Electronics for Imaging Inc. San Mateo
44 452% Applied Materials Inc. Santa Clara
45 442% UniSil Corporation Mountain View
46 390% Altera Corporation San Jose
47 385% Maxim Integrated Products Inc. Sunnyvale
48 374% Tencor Instruments Milpitas
49 353% Integrated Silicon Solution Inc. Santa Clara
50 348% SangStat Medical Corporation Menlo Park
The Gold Circle
% Growth Company City
3161% Insync Systems Inc. Milpitas
2412% SMART Modular Technologies Inc. Fremont
2246% C-Cube Microsystems Inc. Milpitas
1693% QuickLogic Corporation Sunnyvale
1525% EPIC Design Technology Inc. Sunnyvale
1106% Cisco Systems Inc. San Jose
979% Chip Express Corporation Santa Clara
703% Diamond Multimedia Systems Inc. San Jose
666% Atmel Corporation San Jose
569% Cirrus Logic Inc. Fremont
546% Logistix Fremont
501% VERITAS Software Corporation Mountain View
460% Spectrian Corporation Sunnyvale
370% Conductus Inc. Sunnyvale
About Deloitte & Touche LLP
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides
accounting and auditing, tax and management consulting services through 20,000 people
in offices in more than 100 U.S. cities. Deloitte & Touche LLP is part of Deloitte Touche
Tohmatsu International, a global leader in professional services with over 63,000 people
in 126 countries.
About Joint Venture: Silicon Valley Network
Joint Venture is a dynamic new model for regional rejuvenation. Its vision is to build a
community collaborating to compete globally. It brings people in business, government,
education and the community together to take action on regional issues affecting the
economic vitality and quality of life in Silicon Valley. The business climate initiative is
composed of representatives from the above mentioned groups from Silicon Valley. |
