Announces Category Winners and Names Alexion Pharmaceuticals as the State`s
Fastest Growing Technology Company
HARTFORD, Conn.--(Business Wire)--
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 included well known brands
and public companies as Priceline.com and Amphenol Corporation, also included
companies gaining global 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
Alexion Pharmaceuticals was named Connecticut`s fastest growing technology
company in 2009. Its revenue grew at the impressive rate of 17,371 percent over
the last four years. The Cheshire company has achieved a significant market
presence with its Soliris, a product approved for the treatment of patients with
paroxysmal nocturnal hemogolbinuria (PNH)1, a rare, but progressive and
life-threatening disease characterized by the excessive destruction of red blood
cells.
The Council also announced the six companies whose revenue put them at the top
in their technology category:
In Advanced Manufacturing, Bolt Technology was the winning company. It makes
equipment used in offshore seismic exploration for oil and gas. Stamford`s Clean
Diesel Technologies, the "green company" winner, captured the prize in the
Energy/Environmental Technologies category. In Life Sciences the winner was the
aforementioned Alexion Pharmaceuticals. In the New Media/Internet/Telecom
technology category it was another Stamford company, M2 Media Group. The
Stamford-based company designs and operates innovative magazine marketing and
loyalty programs in partnership with top consumer brands and the world`s largest
magazine publishers. Stamford is also home to the software category winner, L-1
Identity Solutions, Inc. The company, which only arrived in Stamford in 2006,
has become the premier global identity management provider. In the final
category of IT Services, Fandotech, was the winner. Based in Manchester,
Fandotech provides data center facilities and managed network services.
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 $3M in revenue in the
fourth year, with some of the public companies winning this year exceeding
$1Billion in revenue. The list is made up primarily of privately held companies,
but does include twelve 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.
Over 350 attendees attended the Wallingford event. The event was also webcast
using a VBrick video appliance. VBrick Systems is one of the 2009 winners.
This year`s sponsors include CNA Insurance, the law firm of Pullman & Comley,
Oracle Corporation, Webster Bank, Connecticut Innovations, McLaughlin,
DelVecchio & Casey, Robert Half Technology and Wellstone Insurance.
2009 Tech Top 40 Companies
Advanced Manufacturing Companies:
Amphenol Corporation, Wallingford
APS Technology, Inc, Wallingford
Bolt Technology Corp., Norwalk
ON SITE Gas Systems, Inc., Newington
Thermodynetics Inc., Windsor
Energy/Environmental Technologies Companies
Clean Diesel Technologies, Inc., Stamford
FuelCell Energy, Inc., Danbury
INNCOM International Inc., Niantic
Proton Energy Systems, Inc, Wallingford
TRC Companies, Inc., Windsor
IT Services Companies
Cervalis LLC, Shelton
COCC, Avon
Fandotech, Manchester
MResult Corporation, New London
Perimeter eSecurity, Milford
SAI Systems International, Shelton
Life Sciences Companies
Alexion Pharmaceuticals, Inc., Cheshire
Bio-Med Devices, Inc., Guilford
CAS Medical Systems, Inc., Branford
Defibtech, LLC, Guilford
Penwest Pharmaceuticals Co, Danbury
New Media/Internet/Telecom Companies
JobTarget, LLC, New London
M2 Media Group, Stamford
Post-N-Track Corporation, Wethersfield
Priceline.com, Inc., Norwalk
Tangoe, Inc., Orange
VBrick Systems, Inc., Wallingford
Webloyalty.com, Norwalk
Software Companies
Adeptra, Inc., Norwalk
eNR Services, Inc, Norwalk
Evolution Benefits, Inc., Avon
Higher One, New Haven
L-1 Identity Solutions, Inc., Stamford
Open Solutions Inc., Glastonbury
PASSUR Aerospace, Inc., Greenwich
Protegrity USA, Inc, Stamford
Terra Technology, Inc., Norwalk
TicketNetwork, Vernon
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 is a licensed independent CPA firm that performs audit and attest
services in an alternative practice structure with UHY Advisors, Inc. UHY LLP
and UHY Advisors, Inc. are independent U.S. members of UHY International
Limited.
UHY LLP has distinguished itself as a market leader among accounting firms for
public companies, middle-market, and privately owned businesses for the past
thirty years. The firm is supported by highly motivated partners and staff
focused on serving your audit and financial reporting needs with the utmost
integrity.
Connecticut Technology Council
Michael Scricca, 860-289-0878 ext. 334
mscricca@ct.org
or
UHY, LLP
Bruce Ditman, 203-508-1027
Marketing Director
bditman@uhy-us.com
Copyright Business Wire 2009
