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Texas ties with Massachusetts in high-tech ranking
AUSTIN BUSINESS JOURNAL
October 19, 2005
Texas is home to some of the top-performing technology companies in the United States, according to Deloitte & Touche USA LLP.
Texas tied with Massachusetts for having the second-highest number of tech companies listed on Deloitte's Technology Fast 500, released Wednesday.
Both Texas and Massachusetts have 41 high-tech companies on the Fast 500 list. California's Silicon Valley leads the nation with 54 high-growth companies.
Of the 41 companies in Texas, 20 are in the Dallas-Fort Worth area, 10 are in Austin, seven in Houston, two are in San Antonio and one each is in San Angelo and San Marcos.
Deloitte & Touche ranked 500 of the fastest-growing technology companies based on the percentage of revenue growth over the past five years. The number of Texas companies on the Technology Fast 500 has risen each year since 2002, while Silicon Valley has declined.
"Texas is clearly coming into its own as a technology center," says Skip Moore, regional managing partner, Technology, Media & Telecommunications, Deloitte & Touche LLP. "I am encouraged not only by the number of companies and higher rankings as compared to previous years, but also by the variety of industry sectors and representation of companies across the state."
Ten Austin companies have been named to Deloitte's Technology Fast 500.
The Austin companies were: NetQoS Inc.; SiteStuff Inc.; Infoglide Software Corp.; Valence Technology; Encore Medical Corp.; Silicon Laboratories; Luminex Corp.; SigmaTel Inc.; Multimedia Games Inc.; and Motive Software.
San Marcos-based Grande Communications Holdings Inc. also ranked at No. 375. NetQoS and SiteStuff were ranked in the top 100, with NetQoS ranking No. 31 and SiteStuff ranking No. 43.
2005 American City Business Journals Inc.
