| Proteus Technologies LLC Tops Deloitte's Maryland Technology Fast 50 Ranking of Fastest-Growing Technology Companies, With 1,058 Percent Growth Over Five Years
Maryland Technology Fast 50 Winners Experience Average Revenue Growth of 572 Percent |
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WASHINGTON, - October 12, 2005 /PRNewswire/ - Proteus Technologies LLC tops the list of the fastest growing technology companies in Maryland as recognized by Deloitte & Touche LLP and Wilmer Cutler Pickering Hale and Dorr LLP at an award event held October 11th at Sequoia in Georgetown. Called the "Maryland Technology Fast 50," the annual award program ranks technology companies located in Maryland by revenue growth.
"Deloitte's Maryland Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today's very competitive technology environment," said Andrew Harrs, Principal, Deloitte & Touche LLP in McLean, Va., and Southeast Region Telecommunications, Media and Technology Practice Leader. "We applaud the successes of Proteus Technologies and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
"The success and diversity of the Fast 50 companies demonstrates the scope of the Maryland technology marketplace and its ability to nurture the growth of its technology sector. Congratulations to the companies on this list and to the state of Maryland for their success," said William J. Perlstein, co-managing partner of WilmerHale.
Winners are selected based on percentage revenue growth over five years from 2000 to 2004. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2000 and at least $1,000,000 in 2004; be headquartered in Maryland; be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of its operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded.
The Maryland Technology Fast 50 company ranking is as follows:
| 2005 Rank | Company Name | City | 2004 REVENUES (000's) | 5yr% |
| 1 | Proteus Technologies, LLC | Columbia | 4,669 | 3791 % |
| 2 | United Therapeutics Corporation | Silver Spring | 73,590 | 3492 % |
| 3 | IBiquity Digital Corp | Columbia | n/a | 3091 % |
| 4 | NETCONN Solutions | Hagerstown | 20,773 | 2263 % |
| 5 | SP Systems, Inc. | Greenbelt | 7,229 | 2058 % |
| 6 | Martek Biosciences Corp. | Columbia | 184,493 | 1807 % |
| 7 | Orizon, Inc. | Rockville | 20,045 | 1506 % |
| 8 | Catapult Technology, Ltd. | Bethesda | 28,457 | 1140 % |
| 9 | Information Control, LLC | Gaithersburg | 11,863 | 1045 % |
| 10 | Cbay Systems, Ltd. | Annapolis | 25,539 | 779 % |
| 11 | SafeNet, Inc. | Belcamp | 201,600 | 698 % |
| 12 | Avilar Technologies, Inc. | Columbia | 3,589 | 490 % |
| 13 | Barcoding Inc. | Baltimore | 18,876 | 467 % |
| 14 | CSI Engineering | Beltsville | n/a | 455 % |
| 15 | Vocus, Inc. | Lanham | 20,273 | 330 % |
| 16 | Digene Corp | Gaithersburg | 90,161 | 291 % |
| 17 | Breakaway Ltd. | Hunt Valley | 7,086 | 279 % |
| 18 | Cytomedix, Inc. | Rockville | 1,145 | 259 % |
| 19 | Chesapeake Research Review | Columbia | 5,483 | 244 % |
| 20 | Advanced Concepts, Inc. | Columbia | 35,059 | 224 % |
| 21 | Visual Analytics, Inc. | Poolesville | 4,453 | 224 % |
| 22 | Systems Integration & Development, Inc. | Rockville | 5,635 | 222 % |
| 23 | Multimax, Inc. | Largo | 57,986 | 213 % |
| 24 | Welocalize, Inc. | Frederick | 10,862 | 212 % |
| 25 | Stratos Global Corporation | Bethesda | 367,753 | 212 % |
| 26 | CNSI | Rockville | 76,046 | 203 % |
| 27 | QSS Group, Inc. | Lanham | 281,084 | 200 % |
| 28 | OPNET Technologies, Inc. | Bethesda | 56,453 | 195 % |
| 29 | Gene Logic Inc. | Gaithersburg | 75,937 | 182 % |
| 30 | Ingenium Corporation | Upper Marlboro | 26,514 | 168 % |
| 31 | Guilford Pharmaceuticals | Baltimore | 47,911 | 165 % |
| 32 | NMR Consulting | Annapolis | 8,942 | 150 % |
| 33 | TeleCommunication Systems | Annapolis | 142,925 | 146 % |
| 34 | NextLinx | Rockville | n/a | 131 % |
| 35 | Integral Systems, Inc. | Lanham | 90,311 | 123 % |
| 36 | Criticom, Inc. | Lanham | 17,709 | 113 % |
| 37 | GMA Industries, Inc. | Annapolis | 2,409 | 111 % |
| 38 | MedImmune, Inc. | Gaithersburg | 1,141,100 | 111 % |
| 39 | Savantage Solutions | Rockville | 16,902 | 107 % |
| 40 | Metastorm Inc. | Columbia | 18,800 | 98 % |
| 41 | CoStar Group, Inc. | Bethesda | 112,085 | 92 % |
| 42 | Infinite Computer Solutions, Inc. | Germantown | 77,543 | 87 % |
| 43 | Optelecom, Inc. | Germantown | 19,395 | 82 % |
| 44 | Capital Technology Information Services, Inc. | Rockville | 25,633 | 74 % |
| 45 | Visual Data Systems | Columbia | n/a | 72 % |
| 46 | United Industrial Corp. | Hunt Valley | 385,084 | 63 % |
| 47 | Manugistics Group, Inc. | Rockville | 243,045 | 52 % |
| 48 | MICROS Systems, Inc. | Columbia | 487,443 | 32 % |
| 49 | Spherix Incorporated | Beltsville | 22,348 | 31 % |
| 50 | Dataprise, Inc. | Rockville | 7,259 | 23 % |
| 2005 Rank | Company Name | City | 2004 REVENUES (000's) | 3yr% |
| RS-1 | i4Commerce Inc. | Timonium | n/a | 4922 % |
| RS-2 | JackBe Corporation | Bethesda | n/a | 2386 % |
| RS-3 | Digital Management, Inc. | Bethesda | 1,861 | 1743 % |
| RS-4 | DKW Communications, Inc. | Silver Spring | 3,190 | 838 % |
| RS-5 | Sourcefire, Inc. | Columbia | n/a | 796 % |
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About Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale is widely recognized as a leader in advising technology and life sciences companies. More than 70 lawyers hold degrees in scientific or technical fields, including information technology and life sciences. As a result of a longstanding focus on entrepreneurial and technology companies, WilmerHale represents more venture-backed companies in the eastern half of the US than any other law firm. WilmerHale's other premier practices include, antitrust and competition; aviation; bankruptcy; civil and criminal trial and appellate litigation (including white collar defense); communications; corporate (including public offerings, public company counseling, start-up companies, venture capital, mergers and acquisitions, and licensing); defense and national security; financial institutions; intellectual property counseling and litigation; international arbitration; life sciences; securities regulation, enforcement and litigation; tax; and trade. WilmerHale was formed in May 2004 through the merger of two of the nation's leading law firms, Hale and Dorr LLP and Wilmer Cutler Pickering LLP. With a staunch commitment to public service, the firm is renowned as a national leader in pro bono representation. The firm has more than 1,000 lawyers and offices in Baltimore, Beijing, Berlin, Boston, Brussels, London, Munich, New York, Northern Virginia, Oxford, Palo Alto, Waltham and Washington, DC. For more information, please visit http://www.wilmerhale.com/.
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