Deloitte 500 Spotlights Fast-Growing Tech Firms - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Deloitte 500 Spotlights Fast-Growing Tech Firms

Although the growth rate for top performers is still high, the trend line since 2002 continues to fall, according to a Deloitte analyst.

Occam Networks Inc., a Santa Barbara, Calif.-based company that sells broadband access products, topped the 2006 Deloitte Technology Fast 500

Occam Networks' products enable telecom service providers to offer bundled voice, video, and data over copper and fiber optic networks. The company demonstrated revenue growth over five years of 48,948 percent, moving from revenues of $80,000 in 2001 to $39.2 million in 2005, Deloitte said Thursday.

"Although the growth rate for top performers is extremely high, the trend line since 2002 continues to fall," said Tony Kern, U.S. deputy managing principal of Deloitte's technology, media and telecommunications (TMT) industry practice. "Factors contributing to this decline include maturation and consolidation in telecommunications, as well as computer, peripherals and software."

For the first time in years, about five of the top 10 companies are based in Canada, up from one last year.

The ranking by Deloitte & Touche USA LLP of the fastest growing technology, media, telecommunications, and life sciences companies in North America is based on percentage revenue growth over five years, fiscal year revenues 2001"2005.

Westport Innovations Inc., a Vancouver, British Columbia, Canada, public company and supplier of alternative fuel power technologies, came in at No. 2. Litle & Co., a Lowell, Mass., private company that provides payment processing and management services to direct commerce merchants ranked No. 3.

Litle & Co. CEO Tom Litle believes the company's success stems from the technology platform and architecture designed and built after the banking industry went through a major shift focused on protecting consumers' identity and privacy. "The changes in technology requirements those issues drove on banking systems were immense," he said.

Airborne Entertainment Inc., a Montreal, Canada, private communications/networking company that develops and packages mobile content, ranked No. 4.

Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
Why 2021 May Turn Out to be a Great Year for Tech Startups
John Edwards, Technology Journalist & Author,  2/24/2021
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll