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1999 NEW JERSEY TECHNOLOGY FAST 50 AWARDS PRESENTED ON AUGUST 18TH
PARSIPPANY, N.J., Aug 18, 1999 /PRNewswire via COMTEX/ -- The fifth
annual 1999 New Jersey Technology Fast 50 Program Awards Breakfast was
held today at the Woodbridge Sheraton in Iselin to recognize the
state's 50 fastest-growing technology- based companies, based on
percentage of growth in revenues from 1994-1998. The program is
sponsored by Deloitte & Touche LLP, First Union National Bank, The
Nasdaq-Amex Market Group, New Jersey Technology Council, Regional
Business Partnership, and University Heights Science Park.
"Today, there are more than 22,000 high technology companies in the
United States, many of whom are competing for the same markets here in
the states and worldwide. The New Jersey Technology Fast 50 winners
have proven thatthey can compete successfully by consistently
delivering technological wonders. We at Deloitte & Touche commend these
companies for having the vision and determination to become one of the
50 fastest-growing technology companies." Said Deloitte & Touche Group
Manufacturing Partner Richard Kabobjian.
Neil Bhaskar, CEO, Novasoft Technology Corporation, the keynote speaker
at the New Jersey Technology Fast 50 Breakfast and head of the number 3
company on the 1999 list attributed NovaSoft's success to a few key
ingredients. "The NovaSoft Business Model is one where the concept of
time is changed. A normal quarter has become a NovaYear. Associating
all the activities of an annual review highlights another key
ingredient which is our dedication to turning employees into "knowledge
workers" to empower our workforce."
William Freeman, Chairman of the Regional Business Partnership and
President and CEO of Bell Atlantic noted, "New Jersey's leadership in
technology is demonstrated by the innovators that we are honoring this
yearas well as those who came before them. Our technology companies
provide a significant boost to the state's economy and they are vital
partners in our success."
Barbara E. Kauffman, Vice President for Economic Development at the
Regional Business Partnership added, "the overwhelming response to this
year's New Jersey Technology Fast 50 Awards Program demonstrates the
growing significance of the technology sector as a vital underpinning
of the New Jersey economy. New Jersey's strength as a corporate
headquarters coupled with exponential growth in new technology make the
state a leader nationally andglobally."
Dr. Saul Fenster, President of the New Jersey Institute of Technology
and Vice Chairman, University Heights Science Park, said that "This
year's Fast 50 companies and those of the recent past have demonstrated
that they are a vibrant part of New Jersey's growth economy. These are
the companies whose success will lead to major employment opportunities
for New Jersey residents and help us sustain our prosperity."
Joseph Allegra, President of Princeton Softech, Inc. and Chairman ofthe
New Jersey Technology Council, said "The New Jersey Technology Fast
50Program is an excellent forum for highlighting the contributions of
many of the emerging growth in our state and deserve to be recognized
for their outstanding achievements."
Maxine Ballen, President of the New Jersey Technology Council added,
"The popularity of programs and the exponential growth of the New
Jersey Technology Council demonstrates the need for programs such as
the Fast 50 toacknowledge and celebrate the achievements of the State's
technology companies."
The 1999 company ranking follows:
1 Software Associates International, Inc.
2 IDT Corporation
3 Novasoft Information Technology Corp.
4 Frontier Systems, Inc.
5 The RE/COM Group, Inc.
6 Melillo Consulting, Inc.
7 Novadigm, Inc.
8 Livingston Consulting Group
9 Intelligroup, Inc.
10 Global Consultants, Inc.
11 PD-LD, Inc.
12 Newton Resource Group, Inc.
13 CommTech Corporation
14 Intell-A-Check Corp.
15 Medarex, Inc.
16 Hexaware Technologies, Inc.
17 IriScan, Inc.
18 C-Tech Associates, Inc.
19 Basic Commerce & Industries Inc. (BCI)
20 Image Solutions, Inc.
21 Cytogen Corporation
22 Brickhouse Data Systems, Inc.
23 SimStar Inc.
24 Birlasoft Inc. (formerly Birla Horizons)
25 Liposome Company, Inc.
26 DSET Corporation
27 V R Systems Inc.
28 MultiModal Applied Systems, Inc.
29 Total-Tel Communications, Inc.
30 Cover-All Technologies, Inc.
31 Net Moves Corp. (Formerly FaxSav)
32 T/MAC Inc.
33 Biomatrix, Inc.
34 EP MedSystems, Inc.
35 Emcore Corporation
36 Bio-Technology General Corp.
37 Logical Design Solutions, Inc.
38 i-STAT Corporation
39 Response USA, Inc.
40 Computer Horizons Corp.
41 DRS Technologies, Inc.
42 Cap Gemini Telecommunications (formerly Beechwood)
43 Programmer's Paradise, Inc.
44 Safetynet, Inc.
45 Dendrite International, Inc.
46 Checkpoint Systems, Inc.
47 Measurement Specialties, Inc.
48 Capital Access International
49 Sensors Unlimited, Inc.
50 Ariel Corporation
To be considered for the New Jersey Technology Fast 50, entrants
mustmeet the following criteria:
* Have had 1994 revenues of at least $50,000
* Have been in business for a minimum of five years
* Be headquartered in New Jersey
* Manufacture a technology-related product, be technologically
intensive, use unique technology in problem-solving, or
devote a
high percentage of effort to research and development of
technology.
The 1999 New Jersey Fast 50 Awards Breakfast is sponsored by Audio
Visual Associates; Dendrite International, Inc.; Julien J. Studley,
Inc.; The New Jersey Economic and Development Authority; and Riker,
Danzig, Hyland, Scherer andPeretti.
Deloitte & Touche, one of the nation's leading professional services
firms, provides assurance and advisory, tax and management consulting
services through 28,000 people in more than 100 U.S. cities. Deloitte &
Touche ispart of Deloitte Touche Tohmatsu, a global leader in
professional services with more than 82,000 people in over 130
countries. Deloitte & Touche refers to Deloitte & Touche LLP, Deloitte
Consulting LLC, and related entities. For additional information,
please visit Deloitte & Touche's website at www.us.deloitte.com.
SOURCE Deloitte & Touche LLP
(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com -0-
CONTACT: Max Dietshe of Deloitte & Touche LLP, 212-436-3885; or
Barbara
E. Kauffman for Regional Business Partnership,
973-242-4219
WEB PAGE: us.deloitte.com
GEOGRAPHY: New Jersey
INDUSTRY CODE: CPR
MLM
SUBJECT CODE: PDT
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