/javascript" src="../static/js/analytics.js"> CalTrade Report - Four Aces: California Firms Score High on Tech List - Four Aces: California Firms Score High on Tech List - The Number One company on the list saw revenue growth of 73,752% last year CalTrade Report Asia Quake Victims NEW YORK – 11/02/05 – California-based companies rank First, Second, Third, and Fourth on Deloitte & Touche’s 2005 Technology ''Fast 500'' list of the fastest growing high-technology companies in North America; the state is home to more fast growing, high-tech companies than any other state with 21%, 105 companies, down from 26%, 130 companies, in 2004. - NEW YORK – 11/02/05 – California-based companies rank First, Second, Third, and Fourth on Deloitte & Touche’s 2005 Technology ''Fast 500'' list of the fastest growing high-technology companies in North America; the state is home to more fast growing, high-tech companies than any other state with 21%, 105 companies, down from 26%, 130 companies, in 2004. - Four Aces: California Firms Score High on Tech List  - Four Aces: California Firms Score High on Tech List

 

Tuesday, June 13, 2006

 

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Four Aces: California Firms Score High on Tech List

The Number One company on the list saw revenue growth of 73,752% last year

NEW YORK - 11/02/05 - Four California high technology companies lead the list of the fastest growing technology companies in North America, according to the latest Deloitte & Touche 2005 Technology "Fast 500" ranking.

The list measures maturity, innovation, and sustained growth based on percentage revenue growth over five years - fiscal year revenues 2000-2004 - as measured by Deloitte & Touche USA LLP. 

Leading the list is San Diego-based NuVasive Inc., a medical equipment company that develops minimally invasive back surgery products. 

NuVasive's revenue growth was a staggering 73,752%, skyrocketing from revenues of a mere $52,000 in 2000 to more than $38.4 million last year. 

The company's ranking is its first appearance on the Fast 500 ranking.

Coming in at Number 2 on the list was NetSuite Inc., a San Mateo-headquartered privately-held software company, that develops on-demand applications for NetSuite.

The company reported revenues of more than $41 million in 2004, a leap of 43,327 percent from 2000 revenues of $95,000.

Ranked third on the "Fast 500" list is the Acacia Research Corp., a technology licensing company that develops, acquires, and licenses patented technologies.

Based in Newport Beach, Acacia Research posted more than $23.9 million in revenues in 2004, an astounding 41,874% higher than its 2000 revenues of $57,000.

Acacia Research ranked Number 497 on the D&T "Fast 500" list in 2004.

Number Four on the list is CaseStack Inc., a privately held software company that provides logistics outsourcing services to mid-sized consumer packaged goods companies.

The Santa Monica-headquartered firm reported revenues of $25.4 in 2004, jumping 39,071% from 2000 revenues of $65,000. 

The western US claims the greatest number of companies on the ranking with 28%, or 139 firms on the list.

California is home to more "Fast 500" companies than any other state with 21%, 105 companies, down from 26% (130 companies) last year. Northern California is home to 54 companies, while Southern California claims 51 companies.

According to D&T, software industry companies once again account for the largest group of the Fast 500, with 37% - 186 companies.

Other significant industry groups include biotechnology and pharmaceutical companies with 16%, 82 firms, and communications and networking companies with 14% or 70 companies.

Semiconductors represented the "Fast 500" list's fastest growing industry segment with 4,302% average revenue growth.

Runners-up include the Internet sector with 3,983% average growth; medical equipment companies, averaging 3,129% growth; software companies with an average of 2,400%.

Communications and networking listees averaged 2,242% average growth last year, said D&T.

For a complete list of the Deloitte Technology Fast 500 winners for 2005 and past years, visit www.fast500.com

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