Orange County Technology Fast 50 Companies Experience Average Revenue Growth of 1629.59 Percent
COSTA MESA, Calif., Oct. 23 /PRNewswire/ -- ISTA Pharmaceuticals, Inc. tops the list of the fastest growing companies in Orange County as recognized by Deloitte LLP at an award event held October 23 at the Center Club. The "Orange County Technology Fast 50," an annual award program, ranks technology, media, telecommunications and life sciences companies located in Orange County by percentage revenue growth over five years.
"Sustaining consistently high revenue growth is an exceptional accomplishment, particularly in today's very competitive technology environment," said Rob Lucenti, managing partner, Orange County practice, Deloitte & Touche LLP. "We are thrilled to recognize the companies ranked on the Orange County Deloitte Technology Fast 50 list, as well as our four Rising Stars, and we wish them continued success."
Companies are selected based on percentage revenue growth over five years from 2003 to 2007. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2003 and at least $5,000,000 in 2007; be headquartered in Orange County; own proprietary technology or proprietary intellectual property that contributes to a significant portion of its operating revenues, or devote a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded.
The Technology Fast 50 company ranking is as follows:
A special category called "Rising Stars" recognizes younger companies. The following companies have earned the distinction of Rising Star in Deloitte's Technology Fast 50 program for Orange County:
The Technology Fast 50 program is presented by Deloitte LLP, in association with CresaPartners, DLD Insurance Brokers, Stradling Yocca Carlson & Rauth, Union Bank of California, Publicease, Oracle and Technology Council of Southern California.
Recognizing 'Category Killers'
At the Technology Fast 50 event, Deloitte leadership gave special recognition to four publicly traded companies. Each of these honorees was the fastest-growing company within one of four revenue categories that encompassed all Technology Fast 50 companies [Note: Because Fast 50 nominations are submitted in early 2008, earnings are calculated through the end of CY 2007.]
These companies are:
Revenue Category: Over $1 Billion
Western Digital Corporation [NYSE: WDC], a data storage pioneer and a leader in the hard drive industry.
Revenue Category: $501 Million to $1 Billion
Powerwave Technologies Inc. [Nasdaq: PWAV], a global supplier of end-to-end wireless solutions for wireless communications networks.
Revenue Category: $101 Million to $500 Million
Newport Corporation [Nasdaq: NEWP], a leading global supplier of advanced-technology products and systems to customers in the scientific research, microelectronics manufacturing, aerospace and defense/security, life and health sciences and precision industrial manufacturing markets.
Revenue Category: $5 Million to $100 Million
AnyDATA, an industry leader in the design and manufacturing of wireless data devices.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Company 5-Year Ranking Name Growth % City 1 ISTA Pharmaceuticals Inc. 21075.18 Irvine 2 Caneum Inc. 15359.74 Newport Beach 3 VIZIO Inc. 10361.36 Irvine 4 Acacia Research Corporation 7500.72 Newport Beach 5 Elephant Talk Communications Inc. 5362.63 Orange (relocated to The Netherlands in 2008) 6 AMDL Inc. 4069.17 Tustin 7 Neudesic 1990.38 Irvine 8 SiliconSystems Inc. 1690.03 Aliso Viejo 9 Crescent Solutions 1266.45 Irvine 10 Smith Micro Software Inc. 916.87 Aliso Viejo 11 DealerSocket Inc. 768.29 San Clemente 12 Telogis Inc. 704.25 Irvine 13 Spectrum Pharmaceuticals Inc. 667.20 Irvine 14 VillageEDOCS Inc. 653.45 Santa Ana 15 Ceradyne Inc. 645.85 Costa Mesa 16 RealtyTrac Inc. 636.97 Irvine 17 West Coast Consulting LLC 631.27 Newport Beach 18 Endologix Inc. 596.02 Irvine 19 MegaPath Inc. 501.28 Costa Mesa 20 Masimo Corporation 448.39 Irvine 21 Nexiant 406.52 Irvine 22 AnyDATA 330.65 Irvine 23 Accurate Background Inc. 318.39 Lake Forest 24 MFLEX Inc. 292.65 Anaheim 25 Newport Corporation 276.10 Irvine 26 TTM Technologies Inc. 271.27 Santa Ana 27 I-Flow Corporation 242.36 Lake Forest 28 SenoRx 240.92 Aliso Viejo 29 HireRight Inc. 229.53 Irvine 30 Powerwave Technologies Inc. 226.48 Santa Ana 31 STEC, Inc. 222.90 Santa Ana 32 Irvine Sensors Corporation 206.77 Costa Mesa 33 Quality Systems Inc. 186.96 Irvine 34 Epicor Software Corporation 178.51 Irvine 35 WebVisible 177.78 Irvine 36 Envision Financial Systems Inc. 165.00 Irvine 37 Kingston Technology 154.60 Fountain Valley 38 SmartReply 143.27 Irvine 39 IDM Pharma Inc. 140.31 Irvine 40 Broadcom Corporation 134.54 Irvine 41 Universal Electronics Inc. 126.35 Cypress 42 Microsemi Corporation 124.07 Irvine 43 Allergan Inc. 121.19 Irvine 44 Zumasys Inc. 117.80 Irvine 45 Quest Software Inc. 107.35 Aliso Viejo 46 SRS Labs Inc. 107.12 Santa Ana 47 Ritz Interactive Inc. 102.02 Irvine 48 Western Digital Corporation 101.14 Lake Forest 49 QLogic Corporation 94.41 Aliso Viejo 50 Mavent 86.84 Irvine
SOURCE Deloitte LLP