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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Get Your Enterprise Ready for 5G
Mary E. Shacklett, Mary E. Shacklett,  1/14/2020
Commentary
Modern App Dev: An Enterprise Guide
Cathleen Gagne, Managing Editor, InformationWeek,  1/5/2020
Slideshows
9 Ways to Improve IT and Operational Efficiencies in 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/2/2020
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
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