Thursday January 8, 9:02 am Eastern Time
Company Press Release
America's Fastest-Growing High Technology Companies Are Announced by Deloitte & Touche LLP
Integrated Process Equipment Corp. and Cascade Communications Corp. Lead 500 Companies Identified Across the United States by National Study
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 8, 1998-- Deloitte & Touche LLP announces the fastest-growing technology companies in the United States for 1997 as determined by its national Technology Fast 500 awards (the full list of 500 companies follows this release).
Software companies dominate the Technology Fast 500, totaling 24 percent of the entire list. Software companies are experiencing especially strong growth in part due to the Internet boom and current demand for Internet-related products. These companies are taking advantage of rapidly growing market demand by producing Web- and intranet-specific products, such as site-authoring and maintenance tools, electronic commerce software, webcasting services and various Web and intranet utility products.
The Technology Fast 500 is a unique awards program that exclusively recognizes fast-growing technology companies. The companies are ranked by percentage growth in revenue over a five-year period. To qualify for the Fast 500 recognition, companies must have been in business for five years, with 1992 revenues of at least $50,000, and must be a U.S. company developing and/or providing technology products or services.
Deloitte & Touche LLP is one of the nation's leading professional services firms, providing accounting and auditing, tax, and management consulting services through 23,000 professionals in more that 100 U.S. cities. Deloitte & Touche LLP is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 72,000 people in 128 countries. The 1997 Deloitte & Touche Technology Fast 500
Rank Company 5-Year City State Growth %
332 Medtox Scientific, Inc. 794 Burlington NC |