America's Fastest-Growing High Technology Companies Are Announced by Deloitte & Touche LLP
Business Wire via Dow Jones
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 8, 1998--
Integrated Process Equipment Corp. and Cascade Communications
Corp. Lead 500 Companies Identified Across the United States by
National Study
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).
Phoenix-based Integrated Process Equipment Corp. (IPEC) won first place with an astounding revenue growth increase of 71,136 percent, while second-place winner Cascade Communications Corp. (Ascend) of Westford, Mass., also experienced hypergrowth with a 41,686 percent five-year growth rate increase. Growth rates ranged from 71,136 to 485 percent, with the average growth rate at 2,495 percent.
Roger McDaniel, president and chief executive officer of first-place winner IPEC commented on his company's phenomenal growth by saying, "There was an early recognition of the need for machines to perform wafer planarization to enable the production of faster, more complex semiconductor devices. With a lot of hard work and close customer relations, IPEC has been able to lead the market in each of these."
Second-place award winner Cascade Communications Corp. (Ascend) was also very proud of its success and recognition in 1997. "We're helping to create a world where every computer has a simple and direct access to every other computer -- a world where data tone is as easy to access as dial tone," said Dan Smith, chief executive officer for Cascade.
The list of winning companies shows that Northern California once again leads the country as a high technology hub, serving as a base for 16 percent of the Fast 500 companies. Massachusetts closely follows Northern California with 12 percent, followed by Southern California with 10 percent, and Virginia with 9 percent. The list also shows that technology companies are spreading beyond their usual locations.
"We are seeing new technology clusters emerging in states all across the country, states not traditionally known for having high technology industries. For instance, Missouri and Kansas are beginning to develop a technology core," said Mark Evans, national managing director for Deloitte & Touche's High Technology Group.
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.
A CEO survey was conducted as part of the Technology Fast 500 awards. Among the respondents, Deloitte & Touche found that 68 percent of Fast 500 CEOs who founded the company are still at the helm. Eighty-nine percent stated that high-quality employees were the number one factor contributing to their success, while 88 percent agreed that their biggest current challenge was finding, hiring, and retaining qualified technical employees.
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 %
1 Integrated Process Equipment Corp. 71,136 Phoenix AZ
2 Cascade Communications Corp. (Ascend) 41,686 Westford MA
3 McLeodUSA, Inc. 32,429 Cedar Rapids IA
4 Optiva Corporation 31,943 Bellevue WA
5 International Network Services 23,605 Sunnyvale CA
6 InteliData 21,962 Herndon VA
7 IDT Corp. 21,268 Hackensack NJ
8 Pacific Gateway Exchange, Inc. 20,203 Burlingame CA
9 Computer Concepts Corp. 19,519 Bohemia NY
10 MELE Associates, Inc. 18,353 Rockville MD
11 Technology Applications, Inc. 17,934 Chesterfield MO
12 RS Information Systems, Inc. 15,628 McLean VA
13 CBC Distribution & Marketing, Inc. 14,517 St. Louis MO
14 Storage Computer Corp. 13,683 Nashua NH
15 Silicon Storage Technology 13,227 Sunnyvale CA
16 Premisys Communications, Inc. 12,844 Fremont CA
17 Raptor Systems, Inc. 12,532 Waltham MA
18 Fore Systems, Inc. 11,808 Warrendale PA
19 Base Technologies, Inc. 11,172 McLean VA
20 RF MicroDevices, Inc. 11,151 Greensboro NC
21 IBAH Inc. 11,140 Blue Bell PA
22 Intelligroup Inc. 9,711 Iselin NJ
23 Documentum, Inc. 8,853 Pleasanton CA
24 Pericom Semiconductor Corporation 8,605 San Jose CA
25 Universal Systems & Technology, Inc. 8,591 Fairfax VA
26 Video Server, Inc. 8,149 Burlington MA
27 Ascend Communications, Inc. 7,491 Alameda CA
28 OAO International 7,448 Greenbelt MD
29 Sensitech Inc. 7,200 Beverly MA
30 Indelible Blue, Inc. 7,001 Raleigh NC
31 Telecom Solutions, Inc. 7,000 Lake Forest CA
32 Inhale Therapeutic Systems 6,931 Palo Alto CA
33 The Counsell Group 6,900 Boston MA
34 InnerDyne, Inc. 6,732 Sunnyvale CA
35 Mattson Technology, Inc. 6,560 Fremont CA
36 3-G International, Inc. 6,472 Springfield VA
37 Alkermes, Inc. 6,278 Cambridge MA
38 Edgewater Technology, Inc. 6,274 Wakefield MA
39 ARIAD Pharmaceuticals, Inc. 6,107 Cambridge MA
40 E*Trade Group, Inc. 5,984 Palo Alto CA
41 Hoveround Corporation 5,567 Sarasota FL
42 Alliance Semiconductor Corp. 5,539 San Jose CA
43 Network Intensive, Inc. 5,512 Irvine CA
44 Excel Communications Inc. 5,492 Dallas TX
45 INDUS Corporation 5,440 Vienna VA
46 Amylin Pharmaceuticals Inc. 5,268 San Diego CA
47 UNIFI Communications, Inc. 5,204 Lowell MA
48 PowerCerv 5,125 Tampa FL
49 AN-CON Genetics, Inc. 4,958 Melville NY
50 SA Telecommunications, Inc. 4,766 Richardson TX
51 Database Technologies 4,690 Newton MA
52 Eltron International, Inc. 4,687 Simi Valley CA
53 Coretech Consulting Group Inc. 4,639 King of Prussia PA
54 Art Technology Group 4,606 Boston MA
55 Sapient Corporation 4,578 Cambridge MA
56 SEQUUS Pharmaceuticals, Inc. 4,485 Menlo Park CA
57 PixelVision 4,476 Acton MA
58 Glasgal Communications, Inc. 4,441 Peguannock NJ
59 GammaGraphX, Inc. 4,407 Waltham MA
60 Arrowhead Space & Telecommunications, 4,273 Fairfax VA
Inc.
61 VIS Development Corp. 4,239 Waltham MA
62 Antex Biologics Inc. 4,032 Gaithersburg MD
63 America Online Inc. 4,014 Dulles VA
64 Pure Atria Corp. 3,997 Sunnyvale CA
65 i2 Technologies, Inc. 3,870 Irving TX
66 TranTech, Inc. 3,864 Alexandria VA
67 Clarify Inc. 3,844 San Jose CA
68 Compunnel Software Group, Inc. 3,814 Iselin NJ
69 Westt, Inc. 3,804 Menlo Park CA
70 Vixel Corporation 3,794 Bothell WA
71 WinEstimator, Inc. 3,733 Kent WA
72 I-STAT Corp. 3,541 Princeton NJ
73 Trex Medical Corp. 3,538 Danbury CT
74 Intrex, Inc. 3,500 Durham NC
75 The Automatic Answer 3,447 San Juan CA
Capistrano
76 DSP Communications Inc. 3,281 Cupertino CA
77 Applied Cellular Technology Inc. 3,247 Nixa MO
78 ArrayComm, Inc. 3,196 San Jose CA
79 Lasersight Inc. 3,168 St. Louis MO
80 Insync Systems, Inc. 3,161 Milpitas CA
81 Reptron Electronics 3,124 Tampa FL
82 Technical Resource Connection, Inc. 3,122 Tampa FL
83 Houston Associates, Inc. 3,078 Silver Spring MD |
