Technology Fast 50 | New England

Technology Fast 50

Click Tactics Tops Deloitte’s New England Technology Fast 50 Ranking of Fastest-Growing Technology Companies, with 7,584% Growth over Five Years

Technology Fast 50 Winners Experience Average Revenue Growth of 1,069 Percent

Published: 9/23/05

WALTHAM, Mass. – Click Tactics, a provider of Internet-based services and software for direct marketing programs, was named the fastest-growing technology company in New England with more than 7,500 percent revenue growth over five years, according to the ninth annual New England Technology Fast 50 program.

Sponsored by Deloitte & Touche LLP and Wilmer Cutler Pickering Hale and Dorr LLP, the New England Technology Fast 50 ranks the region’s technology companies by revenue growth over five years, from 2000 to 2004. The 50 companies that comprise this year’s list were honored at an award event held last night at the Deloitte Tech-Venture Center in Waltham, Mass.

Click Tactics is one of nine companies that call Waltham home, which had the largest geographic concentration among all of the towns and cities on the list— including 5 of the top 10 companies. All told, this year's winners contributed almost $5.5 billion in revenues to the region's economy in 2004 and experienced average revenue growth of 1,069 percent.

“As the Fast 50 shows, New England is still a worldwide hub of Internet technology and life sciences innovation and economic influence,” said Steve DiPietro, a partner at Deloitte & Touche LLP and chairman of Deloitte’s New England Technology Fast 50 program. “While the past five years have been a rollercoaster ride for technology companies, the Fast 50 companies continue to demonstrate that there truly are no limits to growth and achievement when entrepreneurs apply their passion for success.”

The Technology Fast 50 companies are as follows:

Rank Company Name City, State 5-Year Growth %
1 Click Tactics, Inc. Waltham, MA 7,584%
2 Salary.com Needham, MA 3,733%
3 MBI Benefits, Inc. (Metavante Corporation) Waltham, MA 3,117%
4 VoiceSignal Technologies, Inc. Woburn, MA 2,751%
5 Capital Fulfillment Group Hingham, MA 2,455%
6 WorldWinner Newton, MA 2,386%
7 VistaPrint Lexington, MA 1,989%
8 Oasis Semiconductor, Inc. Waltham, MA 1,820%
9 NeuroMetrix, Inc. Waltham, MA 1,730%
10 athenahealth Waltham, MA 1,409%
11 Cardiotech International, Inc. Wilmington, MA 1,356%
12 Biogen Idec Inc. Cambridge, MA 1,330%
13 Cubist Pharmaceuticals Lexington, MA 1,203%
14 Netspoke (Premiere Global Services) Woburn, MA 1,185%
15 OpenAir, Inc. Boston, MA 1,185%
16 S4, Inc. Burlington, MA 1,083%
17 Evergreen Solar, Inc. Marlboro, MA 984%
18 Transkaryotic Therapies, Inc. Cambridge, MA 978%
19 LocatePLUS Holdings Corporation Beverly, MA 963%
20 PACE Medical, Inc. Waltham, MA 963%
21 Outcome Sciences, Inc. Cambridge, MA 857%
22 BuyerZone.com Watertown, MA 850%
23 Ecora Software Corporation Portsmouth, NH 830%
24 AVANT Immunotherapeutics, Inc. Needham, MA 799%
25 Picis Wakefield, MA 741%
26 Inverness Medical Innovations, Inc. Waltham, MA 658%
27 Phase Forward Incorporated Waltham, MA 612%
28 Intranets.com Burlington, MA 529%
29 Matritech Inc. Newton, MA 501%
30 Unica Corporation Waltham, MA 474%
31 IntelliReach Corporation Dedham, MA 429%
32 eCopy, Inc. Nashua, NH 384%
33 Curis, Inc. Cambridge, MA 384%
34 Datafarm, Inc. Marlboro, MA 372%
35 Sepracor Inc. Marlborough, MA 347%
36 e-tractions Bedford, MA 336%
37 Caliper Life Sciences, Inc. Hopkinton, MA 332%
38 iBasis, Inc. Burlington, MA 331%
39 Skyworks Solutions, Inc. Woburn, MA 324%
40 Elcom International, Inc. Norwood, MA 319%
41 Palomar Medical Technologies Burlington, MA 313%
42 PaperThin, Inc. Quincy, MA 304%
43 Bentley Pharmaceuticals, Inc. Exeter, NH 294%
44 LeMaitre Vascular, Inc. Burlington, MA 290%
45 CrunchTime! Information Systems, Inc. Boston, MA 281%
46 IntelliCare South Portland, ME 276%
47 Softscape, Inc. Wayland, MA 273%
48 Bruker BioSciences Corporation Billerica, MA 271%
49 ScanSoft, Inc. Peabody, MA 271%
50 Clinical Data Newton, MA 270%

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 New England; 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.

This year’s New England Fast 50 list includes:

The software industry leading all industry sectors with 19 companies making the list. The life sciences industry (which includes companies focusing on the life sciences and biotechnology) is also well represented, with 10 companies.
Twenty-seven privately owned companies.
Twenty-seven first-time winners.
A six-time winner, Unica Corporation, which marks a new record for the New England Fast 50 program.
“These 2005 New England Fast 50 companies compete with technology and life sciences companies across the nation and even across the globe. They are among the elite and we congratulate them for their accomplishments and continued growth,” said William F. Lee, co-managing partner of Wilmer Cutler Pickering Hale and Dorr.

Also honored were the three companies recognized in the “Rising Stars” category, the fastest growing technology companies based on revenue growth over three years (2002–2004). In this special category were: Arbor Networks (Lexington, MA), with 417 percent over 3 years; Sionex Corporation (Bedford, Mass.), with 401 percent; and Aglitron Inc. (Woburn, Mass.), with 266 percent.

The Technology Fast 50 program is presented by Deloitte & Touche LLP and Wilmer Cutler Pickering Hale and Dorr LLP, in association with the American Stock Exchange, William Gallagher Associates and Mass High Tech.

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About Wilmer Cutler Pickering Hale and Dorr LLP
Wilmer Cutler Pickering Hale and Dorr is nationally and internationally recognized for its premier practices in 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. Wilmer Cutler Pickering Hale and Dorr 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, D.C. For more information, visit http://www.wilmerhale.com/.


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Last Updated: October 31, 2005
Source: Deloitte & Touche USA LLP - United States (English)