NEWS & EVENTS
New England’s Fastest-Growing Technology Companies Announced
— Internet-Related Companies Top
the List for the First Time
Continued Growth Hinges
on Hiring Top Talent —
Boston, MA July 31, 2000—Deloitte & Touche and Hale and Dorr LLP, in association with Mass High Tech, have announced the 50 finalists in the 2000 New England Technology Fast 50 program and the 10 finalists in the program’s new Rising Star category. The Fast 50 program ranks New England’s fastest-growing technology companies based on revenue growth. The ranking of the finalists in both categories will be revealed at a gala celebration on September 13th.
New England A Hot Bed of Internet Activity
Illustrating New England’s leadership role in the new digital economy, seven of the top 10 Fast 50 companies and eight of the 10 Rising Star companies provide Internet technology or Internet-related software. “New England Fast 50 companies are playing a starring role in developing the infrastructure for the digital economy, in addition to bringing new biotechnology and medical devices products to market,” said William Lee, Managing Partner of Hale and Dorr LLP and co-chair of the New England Technology Fast 50 program. “We wish to congratulate them and to thank them for the economic contributions they’ve made to our region and beyond.”
Continued Growth = Ability to Hire Talented People
Fast 50 companies continue to identify their ability to sustain impressive growth rates as a function of their success in hiring talented people. As a group, the New England Fast 50 plans to increase their payroll 63% by year end. “The Fast 50 companies have demonstrated winning employee recruiting and retention strategies,” said Steve DiPietro, Deloitte & Touche partner and co-chair of the New England Technology Fast 50 program. “With human capital now even more difficult to attract than monetary capital, they will have to continue to be aggressive in the fight for talent share.”
A Fast 50 survey showed 39% of the companies will use professional recruiters and 19% will use the Internet as their primary recruiting channel. “Recruiting using the Internet is rapidly becoming the primary and most effective way of attracting and selecting all levels of talent, including executives,” says Bill MacKenzie, Deloitte & Touche partner and practice leader of the Human Capital Advisory Services in Boston. “Many leading companies are now using the Web to source and screen candidates and even conduct virtual interviews.”
Program Highlights
The 2000 Fast 50 and Rising Stars will be honored at a gala awards ceremony on September 13th. The companies CEOs and employees are invited to the event to celebrate and witness the countdown that will reveal their ranking on this year’s list. The numerical ranking will be published in a supplement to Mass High Tech and other publications this fall.
All companies that participate in the New England program are also entered into Deloitte & Touche’s national recognition program, the Technology Fast 500. For more information on the national Technology Fast 500 or the regional Technology Fast 50 programs, please visit www.fast500.com.
Fast 50 Program Qualifications
To qualify for the Fast 50, a company must have been in business a minimum of five years, with 1995 operating revenue of at least $50,000 and 1999 operating revenue of at least $1 million. It must be a technology company, strictly defined as one that develops proprietary technology which contributes to a significant portion of the company’s operating revenues; manufactures a technology-related product; devotes a high percentage of effort to research and development of technology or uses proprietary technology to significantly improve the delivery of technology services. To qualify for the New England Technology Fast 50 program, the company must also be headquartered in the state of Massachusetts, Rhode Island, New Hampshire, Vermont or Maine.
Rising Star Qualifications
In recognition of the fact that technology companies are maturing more quickly in the new economy, this year’s Fast 50 program includes the Rising Star category, honoring technology companies that have posted significant revenue gains and have been in business a minimum of three years. Ten companies have been recognized as Rising Stars on their way to becoming a New England Technology Fast 50 company, and will be separately ranked with the Fast 50 on September 13th.
The Technology Fast 50 Program Sponsors
Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 US cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world’s leading professional services firms, with more than 90,000 people in over 130 countries. For more information, please visit Deloitte & Touche’s web site at www.us.deloitte.com.
Hale and Dorr LLP is a nationally preeminent high-technology law firm, with over 400 attorneys and offices in Boston, Washington, D.C., Reston, Va., and New York. The firm has a strong reputation for advising and guiding emerging growth companies, especially those in the software, telecommunications and biotechnology industries. For more information, visit the firm’s web site at www.haledorr.com.
Mass High Tech, The Journal of New England Technology is a weekly technology journal serving the executives and management-level engineers of New England’s innovation and technology industries. The journal’s writers search out innovation and companies working on the “bleeding” edge and then report on their work and its marketplace applications before they make mainstream business news. Most importantly, Mass High Tech profiles and follows the people driving New England’s innovation economy. With weekly readership of over 46,000, Mass High Tech’s penetration into New England’s technology community is unmatched. To read Mass High Tech online, visit the journal’s website at www.masshightech.com.
###
The 2000 New England Technology Fast 50 and Rising Star Lists are Attached
The 2000 New England Technology Fast 50
Listed in Alphabetical Order
The Ranking of the Fast 50 Will Be Revealed at the Awards Ceremony on September 13, 2000
|
COMPANY NAME |
SECTOR |
CEO |
CITY |
STATE |
WEBSITE ADDRESS |
|
Art Technology Group |
Internet |
Jeet Singh |
Cambridge |
MA |
www.atg.com |
|
Articulent, Inc. |
Internet |
Ernie Parsons |
Hopkinton |
MA |
www.articulent.com |
|
Authoria, Inc. |
Software |
Tod Loofbourrow |
Waltham |
MA |
www.authoria.com |
|
Aware, Inc. |
Internet/Infrastructure |
Michael Tzannes |
Bedford |
MA |
www.aware.com |
|
Basis Technology Corporation |
Internet |
Carl Hoffman |
Cambridge |
MA |
www.basistech.com |
|
Boston Biostatistics, Inc. |
Medical/Scientific/Technical |
Philip T. Lavin |
Framingham |
MA |
www.bostonbio.com |
|
Breakaway Solutions |
Internet |
Gordon Brooks |
Boston |
MA |
www.breakaway.com |
|
Cerulean Technology, Inc. |
Software |
Robert Badavas |
Marlborough |
MA |
www.cerulean.com |
|
Concord Communications |
Software |
Jack Blaeser |
Marlboro |
MA |
www.concord.com |
|
DiaLogos |
Internet |
Vernon J. Tirey |
Boston |
MA |
www.dialogos.com |
|
DynaGen, Inc. |
Biotechnology |
C. Robert Cusick |
Waltham |
MA |
www.dynageninc.com |
|
DYS Analytics |
Software |
David Yavin |
Wellesley |
MA |
www.dysanalytics.com |
|
Eze Castle Software |
Software |
Sean McLaughlin |
Boston |
MA |
www.ezecastleSoftware.com |
|
Fibersense Technology Corporation |
Medical/Scientific/Technical |
Joseph Bresman |
Canton |
MA |
www.fibersense.com |
|
Foliage Software Systems |
Software |
Tmothy Bowe |
Burlington |
MA |
www.foliage.com |
|
Framework Technologies |
Software |
Dan Slavin |
Burlington |
MA |
www.frametech.com |
|
Granite Systems |
Software |
John Borden |
Manchester |
NH |
www.granite.com |
|
GT Equipment Technologies, Inc. |
Semiconductor/Equipment |
Kedar P. Gupta |
Nashua |
NH |
www.gtequipment.com |
|
HarvardNet, Inc. |
Internet |
Mark Washburn |
Boston |
MA |
www.harvardnet.com |
|
HCI Systems, Inc. |
Software |
James T. Kavanagh |
Kennebunk |
ME |
www.hcisystems.com |
|
Inforonics |
Software |
Bruce Buckland |
Littleton |
MA |
www.inforonics.com |
|
Infrasoft Corporation |
Software |
Rick Fiery |
Beverly |
MA |
www.infrasoft-civil.com |
|
Intellisense Corporation |
Software |
Fariborz Maseeh |
Wilmington |
MA |
www.intellisense.com |
|
InteQ Corporation |
Internet |
Santhana Krishnan |
Burlington |
MA |
www.inteqnet.com |
|
InterNoded Inc. |
Internet |
Julie Palen |
Cambridge |
MA |
www.internoded.com |
|
Inverness Medical Technology |
Medical/Scientific/Technical |
Ron Zwanziger |
Waltham |
MA |
www.invernessmedical.com |
|
LAN Tamers, Inc. |
Communications/Networking |
Walter E. Craven |
Three Rivers |
MA |
www.lantamers.com |
|
Lighthouse Computer Services, Inc. |
Internet |
Thomas C. Mrva |
Lincoln |
RI |
www.lighthousecs.com |
|
Managed Ops.com, Inc. |
Application Service Provider |
Daniel P. Taylor |
Bedford |
NH |
www.managedops.com |
|
MatrixOne, Inc. |
Software |
Mark F. O’Connell |
Chelmsford |
MA |
www.matrixone.com |
|
MCK Communications |
Communications/Networking |
Woody Benson |
Needham |
MA |
www.mck.com |
|
MicroChem Corp. |
Semiconductor/Equipment |
Donald W. Johnson |
Newton |
MA |
www.microchem.com |
|
NetGenesis |
Software |
Larry Bohn |
Cambridge |
MA |
www.netgen.com |
|
NetScout Systems |
Anil Singhal |
Westford |
MA |
www.netscout.com |
|
|
Network Engines, Inc. |
Communications/Networking |
Larry Genovesi |
Randolph |
MA |
www.networkengines.com |
|
NTP Software |
Software |
Bruce Backa |
Manchester |
NH |
www.ntpSoftware.com |
|
Omtool, Ltd. |
Software |
Adrian Peters |
Salem |
NH |
www.omtool.com |
|
Open Market, Inc. |
Software |
Ronald Matros |
Burlington |
MA |
www.openmarket.com |
|
Percussion Software |
Software |
Barry Reynolds |
Stoneham |
MA |
www.percussion.com |
|
Quality Systems International, Inc. |
Software |
George Potter |
Lexington |
MA |
www.qualitysys.com |
|
RSA Security |
Software |
Arthur Coviello, Jr. |
Bedford |
MA |
www.rsasecurity.com |
|
Sapient Corporation |
Internet |
Jerry A. Greenberg & J. Stuart Moore |
Cambridge |
MA |
www.sapient.com |
|
Shore.Net |
Internet |
Lowell J. Gray |
Lynn |
MA |
www.shore.net |
|
SpeechWorks International, Inc. |
Software |
Stuart Patterson |
Boston |
MA |
www.speechworks.com |
|
Student Advantage |
Internet |
Raymond Sozzi |
Boston |
MA |
www.studentadvantage.com |
|
Technology Strategy Incorporated |
Solutions Provider |
Scott Friend |
Cambridge |
MA |
www.grossprofit.com |
|
tvisions |
Internet |
Ralph J. Folz |
Watertown |
MA |
www.tvisions.com |
|
Unica Corporation |
Software |
Yuchun Lee |
Lincoln |
MA |
www.unicacorp.com |
|
Unique Computing Solutions, Inc. |
Internet |
Krish Nangegadda |
Framingham |
MA |
www.uniquecomputing.com |
|
Xchange, Inc. |
Software |
Andy Frawley |
Boston |
MA |
www.xchange.com |
The 2000 New England Technology Rising Stars
Listed in Alphabetical Order
The Ranking of the 10 Rising Stars Will Be Revealed at the Awards Ceremony on September 13, 2000
|
COMPANY NAME |
SECTOR |
CEO |
CITY |
STATE |
WEBSITE ADDRESS |
|
Allaire Corporation |
Software |
David Gerth |
Cambridge |
MA |
www.allaire.com |
|
BURST! Media, LLC |
Internet/Infrastructure |
Jarvis Coffin |
Burlington |
MA |
www.burstmedia.com |
|
iBasis, Inc. |
Communications/Networking |
Ofer Gneezy |
Burlington |
MA |
www.ibasis.net |
|
Lycos, Inc. |
Internet/Infrastructure |
Robert Davis |
Waltham |
MA |
www.lycos.com |
|
ONEWORLD Software Solutions |
Internet/Infrastructure |
Ennis Rimawi |
Cambridge |
MA |
www.oneworldsoftware.com |
|
Opticom Inc. |
Software |
Edward Flannery |
Andover |
MA |
www.opticominc.com |
|
Silverstream Software, Inc. |
Software |
David A. Litwack |
Billerica |
MA |
www.silverstream.com |
|
SonaMed Corporation |
Medical/Scientific/Technical |
William F. Dolphin |
Waltham |
MA |
www.sonamed.com |
|
Switchboard, Inc. |
Internet/Infrastructure |
Douglas Greenlaw |
Westboro |
MA |
www.switchboard.com |
|
Z Corporation |
Computers/Peripherals |
Marina Hatsopoulos |
Burlington |
MA |
www.zcorp.com |
About Basis Technology
Basis Technology (www.basistech.com) provides software solutions for extracting meaningful intelligence from multilingual text. The company’s Rosette® Platform is a suite of high-performance, highly reliable, interoperable software components designed for applications that analyze and process all the world’s languages.
Top-tier software vendors, content providers, multinational enterprises, and government agencies rely on Basis Technology’s solutions for Unicode compliance, language identification, multilingual search, normalization, transliteration, and entity extraction. Clients include America Online, Convera, Endeca, Google, Hewlett-Packard, InQuira, Inktomi, L.L Bean, Northrop Grumman, PeopleSoft, Siebel Systems, Verity and Yahoo!.
Company headquarters are located in Cambridge, Massachusetts, with branch offices in San Francisco, California; Herndon, Virginia; and Tokyo, Japan. For more information, visit www.basistech.com or call 800-697-2062.