EDISON, N.J., Aug. 12 /PRNewswire/ -- Marlabs, a global full-service provider of application development, managed and consulting services, today announced that the company has again been named to Deloitte’s prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation’s leading professional services firms. Marlabs’ increase in revenues resulted in a 36th ranking in the Technology Fast 50 for New Jersey. Rankings are based on the percentage of revenue growth over five years from 2000 to 2004.
Marlabs’ CEO Siby Vadakekkara credits an unrelenting focus on customer needs coupled with investments in research and development, and training with the company’s 179 percent revenue growth from 2000 to 2004. Marlabs has developed a unique niche serving industries and organizations that are late adopters of technology. The company has implemented more than 1,000 software development projects for over 500 clients, including the creation of customized solutions and products for some of the world’s leading organizations.
“It is an honor to be recognized in the highly competitive New Jersey region by Deloitte for the fourth year in a row,” said Vadakekkara. “Thanks to the hard work and dedication of our employees, Marlabs has been profitable every year since inception, seeing an annual growth rate of more than 100 percent. Our team’s deep industry knowledge and technology delivery excellence, combined with the Marlabs proprietary application development methodology, has led to the development of innovative technology solutions that solve our customers’ business problems.”
“Marlabs has proven to be one of the fast-growth success stories in New Jersey,” said Paul Mlynarski, a partner at Deloitte Tax LLP and chairperson of Deloitte’s New Jersey Technology Fast 50 program. “Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Marlabs for making the commitment to technology and delivering on the promise of market longevity. We are proud to once again honor Marlabs as a Deloitte Technology Fast 50 winner.”
Marlabs is a full-service provider of IT services specializing in application development and systems integration, business intelligence and knowledge management frameworks, managed services such as application hosting and management, and professional services. Marlabs has three regional offices and two development centers with more than 400 employees worldwide.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, must be public or private companies headquartered in North America, and be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.
Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte’s Technology Fast 50 or Fast 500 programs, visit http://www.fast500.com.
About Deloitte
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Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Marlabs, Inc.
Headquartered in Edison, New Jersey, Marlabs is a global full-service provider of application development, managed and consulting services with dedicated vertical industry practices in the healthcare, pharmaceutical and life sciences industries. The company maintains U.S. development centers in Allentown, Pa., Austin, Texas, and Cheyenne, Wyo., and an Asia Pacific development center in India.
Marlabs’ technology alliances include such market leaders as Microsoft, IBM and Oracle. Marlabs is ranked number one in the application development category in CRN magazine’s 2005 Fast Growth 100 and ranked 13th overall. The company was also recognized in 2005 as one of the “50 Best Places to Work in New Jersey” by NJBIZ and as a VARBusiness 500 company by VARBusiness. Marlabs is an Inc. 500 company and has been repeatedly recognized by Deloitte & Touche in its Fast 50 and Fast 500 programs. For more information, please visit http://www.marlabs.com.
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Marlabs, Inc.
CONTACT: Adrienne Turner of The Devon Group, +1-732-542-2000, ext. 18,adrienne@devonpr.com, for Marlabs
