Press Release
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Deloitte & Touche Reveals Fastest Growing Technology Companies in Texas
Winners Experienced Average Revenue Growth of 1,124 Percent
DALLAS, Sept. 8, 2004 - The fastest growing technology companies in Texas were announced today by Deloitte & Touche USA LLP. The Texas Crescent Technology Fast 50 is the only awards program that ranks technology companies located throughout Texas by revenue growth over a five-year period. The Fast 50 program is presented by Deloitte & Touche, in association with Haynes and Boone, NASDAQ and Comerica Bank.
"While the current economy is taking its toll on technology companies across all industries, there are companies in Texas that have shown strong signs of stability and growth," said Skip Moore, Regional Managing Partner for the Technology, Media & Telecommunications Group at Deloitte. "We salute these companies for their resiliency in the face of tough times, as well as their ability to adapt to the changing marketplace."
Topping the list is NetQoS, Inc. of Austin with a revenue growth rate of 9,400 percent over five years. NetQoS is a provider of network performance products and services. Founded in 1999, the company analyzes and optimizes the performance of applications running over wide-area networks.
Second on the Texas Crescent Technology Fast 50 is Handango, Inc. of Hurst, with a growth rate of 6,343 percent over five years. Handango is a leading publisher and platform for mobile software reaching more than five million mobile users each month.
Third on the list is ZixCorp of Dallas with a growth rate of 5,799 percent over five years. ZixCorp provides solutions worldwide that protect, manage, and deliver sensitive electronic information. Postfuture of Richardson ranked fourth with a growth rate of 3,932 percent over five years. Postfuture is an email service provider offering a suite of tools for developing and strengthening online customer relationships.
Rounding out the top five is Rackspace Managed Hosting of San Antonio with a growth rate of 3,581 percent over five years. Rackspace offers a wide range of managed services for enterprise hosting platforms. The Texas Crescent Technology Fast 50 winners are as follows:
2004 Rank |
Company Name |
City |
5-Yr Growth % |
1 |
NetQoS, Inc. |
Austin |
9,400 |
2 |
Handango, Inc. |
Hurst |
6,343 |
3 |
Zix Corporation |
Dallas |
5,799 |
4 |
Postfuture |
Richardson |
3,932 |
5 |
Rackspace Managed Hosting |
San Antonio |
3,581 |
6 |
ChaseCom Limited Partnership |
Houston |
2,704 |
7 |
DataCert, Inc. |
Houston |
1,750 |
8 |
C I Host |
Bedford |
1,455 |
9 |
Infoglide Software Corporation |
Austin |
1,345 |
10 |
TECSys Development, Inc. |
Plano |
1,315 |
11 |
Tanox, Inc. |
Houston |
1,216 |
12 |
The Planet Internet Services |
Dallas |
1,168 |
13 |
Preferred Voice, Inc. |
Dallas |
1,081 |
14 |
Perficient, Inc. |
Austin |
1,040 |
15 |
GHN-Online |
Dallas |
975 |
16 |
Motive, Inc. |
Austin |
908 |
17 |
Innovative Managed Care Systems, Ltd. |
Dallas |
903 |
18 |
Lexicon Genetics Inc. |
The Woodlands |
804 |
19 |
Luminex Corporation |
Austin |
745 |
20 |
NewMarket Technology Inc. |
Dallas |
631 |
21 |
FundsXpress Financial Network, Inc. |
Austin |
627 |
22 |
Silicon Laboratories |
Austin |
593 |
23 |
Resulte Universal, LLC |
Dallas |
577 |
24 |
The viaLink Company |
Dallas |
571 |
25 |
WorldLink, Inc. |
Richardson |
529 |
26 |
Retractable Technologies, Inc. |
Little Elm |
465 |
27 |
Encysive Pharmaceuticals, Inc. |
Bellaire |
455 |
28 |
Eagle Broadband, Inc. |
League City |
423 |
29 |
Data Management, Inc. |
San Angelo |
416 |
30 |
Pegasus Solutions Inc. |
Dallas |
346 |
31 |
Digital Generation Systems, Inc. |
Irving |
341 |
32 |
Plexon Inc. |
Dallas |
341 |
33 |
GTESS Corporation |
Richardson |
332 |
34 |
Multimedia Games, Inc. |
Austin |
315 |
35 |
Encore Medical Corporation |
Austin |
314 |
36 |
Software Professionals, Inc. |
Irving |
313 |
37 |
Merrick Systems, Inc. |
Houston |
257 |
38 |
Efore (USA), Inc. |
Irving |
255 |
39 |
Positive Software Systems, Inc. |
Dallas |
250 |
40 |
Cyberonics, Inc. |
Houston |
249 |
41 |
SigmaTel, Inc. |
Austin |
249 |
42 |
Optimal Solutions Integration, Inc. |
Irving |
246 |
43 |
I-Sector Corporation |
Houston |
246 |
44 |
Positron Corporation |
Houston |
231 |
45 |
InfoVision Consultants, Inc. |
Richardson |
216 |
46 |
Innova Electronics LP |
Houston |
212 |
47 |
Advanced Neuromodulation Systems, Inc. |
Plano |
209 |
48 |
Accudata Technologies |
Allen |
186 |
49 |
ViewCast Corporation |
Dallas |
178 |
50 |
True Automation Inc. |
Plano |
176 |
Winners are selected based on the percentage of growth in fiscal year revenues from 1999 to 2003. To be considered, Fast 50 entrants must have met the following criteria: Have revenues of at least $50,000 in 1999 and at least $1,000,000 in 2003; be public or private companies headquartered in Texas (subsidiaries and divisions are not eligible unless they have some public ownership and are separately traded); be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify) and/or devoting a significant proportion of revenues to research and development of technology.
"Rising Stars"
A special category called "Rising Stars" recognizes the fastest growing technology companies based on revenue growth over three years (2001-2003). Eight were selected this year.
Number one ranked "Rising Star" SyChip, Inc. designs, develops and markets radio frequency integrated circuits and chip scale modules for the wireless mobile market. The company focuses on developing RF modules that are differentiated due to proprietary integration, modular architectures, and low loss silicon technologies.
Company Name |
3-Yr Growth % |
City |
SyChip, Inc |
1,385 |
Plano |
OnFiber Communications |
1,239 |
Austin |
Hispanic Teleservices Corporation |
648 |
Houston |
BizNet Software, Inc. |
285 |
Irving |
Goodman Networks Inc. |
153 |
Carrollton |
Site Stuff |
142 |
Austin |
PHNS |
116 |
Addison |
Terion, Inc. |
36 |
Plano |
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and
affiliates. As a Swiss Verein (association), neither Deloitte Touche
Tohmatsu nor any of its member firms has any liability for each
other's acts or omissions. Each of the member firms is a separate
and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte
Touche Tohmatsu," or other related names. Services are provided
by the member firms or their subsidiaries or affiliates and not
by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Haynes and Boone
Haynes and Boone, LLP is an international law firm with nine offices
throughout Texas, Washington, D.C., Mexico City and New York, providing
a full spectrum of legal services to clients around the world.
With more than 450 attorneys, Haynes and Boone is ranked among
the largest law firms in the nation by National Law Journal. The
firm has also been recognized as one of the "20 Best Law Firms
to Work For" (Vault.com, 2004), one of the "Best Corporate
Law Firms in America" (Corporate Board Member Magazine, 2001-2004)
and recipient of the Minority Corporate Counsel Association's 2002
Thomas L. Sager Award for commitment to diversity.
About The NASDAQ Stock Market
NASDAQ is the largest U.S. electronic stock market. With approximately
3,300 companies, it lists more companies and, on average, trades
more shares per day than any other U.S. market. It is home to category-defining
companies that are leaders across all areas of business including
technology, retail, communications, financial services, transportation,
media and biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. Approximately 48% of NASDAQ-listed shares
traded are reported to NASDAQ systems. For more information about
NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ
Newsroom www.nasdaqnews.com .
About Comerica Bank's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's
leading technology banking practices, offering a wide range of
financial services tailored to corporate customers, entrepreneurs
and professionals. Veteran bankers provide credit and financial
services and products to young, growing, professionally backed
technology and life sciences companies, as well as their more mature
counterparts in the computer products, Internet services, telecommunications,
life sciences and e-commerce industries. From 19 offices located
across the U.S., Comerica's Technology and Life Sciences Division
serves all major technology centers. Comerica is the 17th largest
banking company in the nation, with $50 billion in assets. For
more information, visit www.comerica.com.
About Infoglide Software Corporation
Infoglide Software Corporation (www.infoglidesoftware.com)
is the leader in the emerging transactional business intelligence
market. Infoglide Software provides a new generation of enterprise
software that enables organizations to apply business intelligence
in an operational environment by integrating real-time transactional
data with remote and disparate historical data to achieve true enterprise
intelligence. The company's enterprise software, Bladeworks™,
enables more accurate and informed decisions; streamlines operational
processes; increases efficiencies and reduces operational costs;
transforms data in real-time into useful and useable information;
improves customer service and customer interaction; and drives more
profitable relationships with customers. Bladeworks is used in business-critical
applications including enterprise risk management, automated fraud
detection, enterprise identity management, transactional CRM, compliance,
enhanced data connectivity, and enhanced data mining. Current markets
include financial services, information services, transportation,
retail, e-business, insurance, government, and CRM. Incorporated
in 1996, Infoglide Software is a privately held company headquartered
in Austin, Texas.
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Infoglide®, Infoglide Software™, Infoglide Software logo, and Bladeworks™ are trademarks of Infoglide Software Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.
