WASHINGTON, Oct. 12 /PRNewswire/ -- Proteus Technologies LLC tops the list of the fastest growing technology companies in Maryland as recognized by Deloitte & Touche LLP and Wilmer Cutler Pickering Hale and Dorr LLP at an award event held October 11th at Sequoia in Georgetown. Called the “Maryland Technology Fast 50,” the annual award program ranks technology companies located in Maryland by revenue growth.
“Deloitte’s Maryland Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today’s very competitive technology environment,” said Andrew Harrs, Principal, Deloitte & Touche LLP in McLean, Va., and Southeast Region Telecommunications, Media and Technology Practice Leader. “We applaud the successes of Proteus Technologies and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
“The success and diversity of the Fast 50 companies demonstrates the scope of the Maryland technology marketplace and its ability to nurture the growth of its technology sector. Congratulations to the companies on this list and to the state of Maryland for their success,” said William J. Perlstein, co- managing partner of WilmerHale.
Winners are selected based on percentage revenue growth over five years from 2000 to 2004. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2000 and at least $1,000,000 in 2004; be headquartered in Maryland; be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of its 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. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded.
The Maryland Technology Fast 50 company ranking is as follows: 2004 2005 REVENUES Rank Company Name City (000’s) 5yr% 1 Proteus Technologies, LLC Columbia 4,669 3791 % 2 United Therapeutics Corporation Silver Spring 73,590 3492 % 3 IBiquity Digital Corp Columbia n/a 3091 % 4 NETCONN Solutions Hagerstown 20,773 2263 % 5 SP Systems, Inc. Greenbelt 7,229 2058 % 6 Martek Biosciences Corp. Columbia 184,493 1807 % 7 Orizon, Inc. Rockville 20,045 1506 % 8 Catapult Technology, Ltd. Bethesda 28,457 1140 % 9 Information Control, LLC Gaithersburg 11,863 1045 % 10 Cbay Systems, Ltd. Annapolis 25,539 779 % 11 SafeNet, Inc. Belcamp 201,600 698 % 12 Avilar Technologies, Inc. Columbia 3,589 490 % 13 Barcoding Inc. Baltimore 18,876 467 % 14 CSI Engineering Beltsville n/a 455 % 15 Vocus, Inc. Lanham 20,273 330 % 16 Digene Corp Gaithersburg 90,161 291 % 17 Breakaway Ltd. Hunt Valley 7,086 279 % 18 Cytomedix, Inc. Rockville 1,145 259 % 19 Chesapeake Research Review Columbia 5,483 244 % 20 Advanced Concepts, Inc. Columbia 35,059 224 % 21 Visual Analytics, Inc. Poolesville 4,453 224 % 22 Systems Integration & Development, Inc. Rockville 5,635 222 % 23 Multimax, Inc. Largo 57,986 213 % 24 Welocalize, Inc. Frederick 10,862 212 % 25 Stratos Global Corporation Bethesda 367,753 212 % 26 CNSI Rockville 76,046 203 % 27 QSS Group, Inc. Lanham 281,084 200 % 28 OPNET Technologies, Inc. Bethesda 56,453 195 % 29 Gene Logic Inc. Gaithersburg 75,937 182 % 30 Ingenium Corporation Upper Marlboro 26,514 168 % 31 Guilford Pharmaceuticals Baltimore 47,911 165 % 32 NMR Consulting Annapolis 8,942 150 % 33 TeleCommunication Systems Annapolis 142,925 146 % 34 NextLinx Rockville n/a 131 % 35 Integral Systems, Inc. Lanham 90,311 123 % 36 Criticom, Inc. Lanham 17,709 113 % 37 GMA Industries, Inc. Annapolis 2,409 111 % 38 MedImmune, Inc. Gaithersburg 1,141,100 111 % 39 Savantage Solutions Rockville 16,902 107 % 40 Metastorm Inc. Columbia 18,800 98 % 41 CoStar Group, Inc. Bethesda 112,085 92 % 42 Infinite Computer Solutions, Inc. Germantown 77,543 87 % 43 Optelecom, Inc. Germantown 19,395 82 % 44 Capital Technology Information Services, Inc. Rockville 25,633 74 % 45 Visual Data Systems Columbia n/a 72 % 46 United Industrial Corp. Hunt Valley 385,084 63 % 47 Manugistics Group, Inc. Rockville 243,045 52 % 48 MICROS Systems, Inc. Columbia 487,443 32 % 49 Spherix Incorporated Beltsville 22,348 31 % 50 Dataprise, Inc. Rockville 7,259 23 % A special category called “Rising Stars” recognizes the five fastest- growing technology companies based on revenue growth over three years (2002- 2004). 2004 2005 REVENUES Rank Company Name City (000’s) 3yr% RS-1 i4Commerce Inc. Timonium n/a 4922 % RS-2 JackBe Corporation Bethesda n/a 2386 % RS-3 Digital Management, Inc. Bethesda 1,861 1743 % RS-4 DKW Communications, Inc. Silver Spring 3,190 838 % RS-5 Sourcefire, Inc. Columbia n/a 796 %
The Maryland Technology Fast 50 program is hosted by Deloitte & Touche LLP, along with WilmerHale and media sponsors, PR Newswire and WTOP-AM.
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About Wilmer Cutler Pickering Hale and Dorr LLP
WilmerHale is widely recognized as a leader in advising technology and life sciences companies. More than 70 lawyers hold degrees in scientific or technical fields, including information technology and life sciences. As a result of a longstanding focus on entrepreneurial and technology companies, WilmerHale represents more venture-backed companies in the eastern half of the US than any other law firm. WilmerHale’s other premier practices include, antitrust and competition; aviation; bankruptcy; civil and criminal trial and appellate litigation (including white collar defense); communications; corporate (including public offerings, public company counseling, start-up companies, venture capital, mergers and acquisitions, and licensing); defense and national security; financial institutions; intellectual property counseling and litigation; international arbitration; life sciences; securities regulation, enforcement and litigation; tax; and trade. WilmerHale was formed in May 2004 through the merger of two of the nation’s leading law firms, Hale and Dorr LLP and Wilmer Cutler Pickering LLP. With a staunch commitment to public service, the firm is renowned as a national leader in pro bono representation. The firm has more than 1,000 lawyers and offices in Baltimore, Beijing, Berlin, Boston, Brussels, London, Munich, New York, Northern Virginia, Oxford, Palo Alto, Waltham and Washington, DC. For more information, please visit http://www.wilmerhale.com/.
CONTACT: Carlos DellaMaddalena, Public Relations Manager of Deloitte & Touche LLP, +1-404-460-3323, or Cdellamaddalena@deloitte.com, and Kristin Brown, Public Relations Coordinator of WilmerHale, +1-202-247-3715, or Kristin.brown@wilmerhale.com.
Deloitte
CONTACT: Carlos DellaMaddalena, Public Relations Manager of Deloitte &Touche LLP, +1-404-460-3323, or Cdellamaddalena@deloitte.com, and KristinBrown, Public Relations Coordinator of WilmerHale, +1-202-247-3715, orKristin.brown@wilmerhale.com
