Announces Category Winners and Names Ticket Software LLC as State's Fastest Growing Technology Company
HARTFORD, Conn., Nov. 6 /PRNewswire/ -- The Connecticut Technology Council and the accounting firm UHY LLP feted the 40 fastest growing technology companies in Connecticut last night at the Chevrolet Theater in Wallingford. The list of winning companies, which had been released last month and included such well known brands as Priceline.com and Jupitermedia, also included companies gaining prominence in their technology markets such as FuelCell Energy and Defibtech.
The evening's biggest announcement came at the end of the awards program when Ticket Software LLC was named Connecticut's fastest growing technology company in 2008. It grew at the impressive rate of 4828% over the last four years. The Vernon company, Connecticut's answer to StubHub, has been adding staff and growing revenue at a rapid pace.
The Council also announced the six companies whose revenue put them at the top in their technology category:
In Advanced Manufacturing, Pelham Sloane, which makes sleek, thin computers primarily for the healthcare, hospitality and retail industries, emerged as the winner. Stamford's Clean Diesel Technologies, the 'green company' winner, captured the prize in the Energy/Environmental Technologies category. In Life Sciences the winner was Cheshire's Alexion Pharmaceuticals, which brought its successful first drug candidate, Soliris, to both the American and European markets in 2007. In the New Media/Internet/Telecom technology category it was New London's JobTarget LLC capturing the prize for fastest revenue growth. JobTarget builds custom-built, private-label 'Career Centers' or online job sites for trade associations, government and other organizations. MTM Technologies, Inc. of Stamford was the winner in the IT Services category, while the aforementioned Ticket Software won in the Software technology vertical.
The list of winning companies was compiled on the basis of revenue growth over the last four years. Companies considered for this recognition were required to have at least $50,000 in revenue in the first year and $3 Million in revenue in the fourth year, with some of the public companies winning this year exceeding $1 Billion in revenue. The list is made up primarily of privately held companies, but does include eleven public companies.
The winning companies are grouped into six technology verticals: Software, IT Services, Life Sciences, Advanced Manufacturing, New Media/Internet/Telecom and Energy Environmental Technologies. Geographically the companies are fairly evenly distributed across the state.
Connecticut's Medal of Technology was also presented on Thursday night. This year's honoree is Yale Professor Tso-Ping Ma. The Medal of Technology is Connecticut's highest honor for technological achievement.
Over 350 attendees were at the Wallingford event. The ceremonies were also webcast using a VBrick video appliance. VBrick Systems is one of the 2008 winners.
2008 Tech Top 40 Companies
Advanced Manufacturing Companies:
Axsys Technologies, Inc., Rocky Hill
Bolt Technology Corp., Norwalk
M Cubed Technologies, Inc., Trumbull
On Site Gas Systems, Inc., Newington
Pelham Sloane, Inc., Fairfield- Category Winner
Presstek, Inc., Greenwich
Energy/Environmental Technologies Companies
APS Technology, Inc., Wallingford
Basement Systems, Inc., Seymour
Clean Diesel Technologies, Inc., Stamford-Category Winner
FuelCell Energy, Inc., Danbury
INNCOM International, Inc., Niantic
Sensor Switch, Inc., Wallingford
IT Services Companies
Cervalis LLC, Shelton
Fuss & O'Neill Technologies, Manchester
MTM Technologies, Inc., Stamford-Category Winner
Perimeter eSecurity, Milford
The TNS Group, Stamford
VIRTERA, Shelton
Life Sciences Companies
Alexion Pharmaceuticals Inc., Cheshire-Category Winner
CAS Medical Systems, Inc., Branford
Defibtech, LLC, Guilford
IMS Health Inc., Norwalk
Z-Medica Corporation, Wallingford
New Media/Internet/Telecom Companies
JobTarget, LLC, New London-Category Winner
Jupitermedia Corporation, Darien
Priceline.com, Norwalk
Tangoe, Inc., Orange
VBrick Systems, Inc., Wallingford
Webloyalty.com, Norwalk
Software Companies
Adeptra, Inc., Norwalk
Evolution Benefits, Inc., Avon
Higher One, New Haven
L-1 Identity Solutions, Inc., Stamford
Open Solutions Inc., Glastonbury
Premise Corporation, Farmington
Protegrity Corporation, Stamford
Terra Technology, Inc., Norwalk
Ticket Software LLC, Vernon-Category and Overall Winner
TopCoder, Inc., Glastonbury
Triple Point Technology, Inc., Westport
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, the Connecticut Technology Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms.
UHY LLP, an independent certified public accounting firm, provides attest services through an alternative practice structure with UHY Advisors, Inc., which is the 12th largest professional services firm in the United States with more than 1,400 employees. It is an independent member firm of UHY International (UHYI), one of the leading business advisory, consulting and accounting networks, with teams operating across 198 offices in 66 countries worldwide.
UHY LLP has distinguished itself as a market leader among accounting firms for public companies, middle market and privately-owned businesses. Its middle market focus fills the void created by multinational firms' migration to the Fortune 1000. It makes it a priority to understand each client's business model and strategy in the context of its industry. Such value-added components are built into the fabric of the firm as part of a commitment to attentive service from top-level partners and professionals.
SOURCE The Connecticut Technology Council
