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Engineering and Computer Simulations (ECS) is Ranked Number 114 on Deloitte’s 2009 Technology Fast 500 List of Fastest Growing Companies in North America
October 20, 2009. Orlando, Fla. For the second consecutive year ECS announces that it is on the prestigious Technology Fast 500 Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. With a 2009 ranking as 114th, ECS ranked second highest in the state of Florida. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008. ECS grew 1485% percent during this period.
Waymon Armstrong, President of ECS stated, “This is quite an honor for us to have been selected for the Fast 500. As a Fast 500 company, the talented ECS workforce and leadership team continues its standard of innovation and customer support. I am extremely proud of the entire ECS team.”
Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate ECS on this accomplishment.”
“With its impressive five-year growth, ECS has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor ECS for its achievement.”
Overall, Technology Fast 500 award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
Technology Fast 500 Selection and Qualifying Criteria
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
Deloitte’s 2009 Technology Fast 500TM Media Guidance 4
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues. Technology Fast 500 award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Engineering & Computer Simulations, Inc. is a software development and solutions company located in Orlando, Florida. The core mission of the organization is to provide advanced learning technology solutions to clients within the Commercial and Government sector. The company’s exponential growth is a direct reflection of the superior training and simulation products that are being delivered to ECS customers.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.”
PR Contact: Terri Bernhardt, 407-758-5576