ECS Selected for Deloitte 2008 Technology Fast 500
11825 High Tech Avenue., Suite 250
Orlando, Florida 32817
407-823-9991
www.ecsorl.com
ECS Selected for Deloitte 2008 Technology Fast 500
Orlando, Fla., November 17, 2008 ” Engineering & Computer Simulations, Inc. announced that it has made the prestigious Technology Fast 500 list from Deloitte. The award is a ranking of the fastest growing technology, media, telecommunications and life sciences companies in North America based on percentage of fiscal year revenue growth over five years (2003-2007).
“Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “We congratulate ECS on this significant accomplishment.”
“Now more than ever, fast growth companies of all sizes are a bright spot not to be overlooked,” added Mark Jensen, national managing partner of Deloitte LLP’s Venture Capital Services. “Historically, it is the fastest growing businesses that spur innovation, job creation and economic growth in general.”
Growth percentages for the 2008 Technology Fast 500 companies ranged from 242 percent to 138,762 percent. The overall average growth of the Fast 500 companies was 3,043 percent, the highest since 2004 when Google topped the list, and up from 1,823 percent in 2007. The top five companies’ average growth rate was 90,540 percent.
“ECS’ growth represents the diversification of our advanced learning technologies”, says ECS President, Waymon Armstrong. “We expect to continue this growth as we add new commercial clients for our virtual world technologies.”
Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500 and public company database research.
Companies are selected based on percentage revenue growth from 2003 to 2007. To be considered, Fast 500 and Fast 50 entrants must have the following criteria:
- Must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues or devotes a significant proportion of revenues to research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.
- Base-year operating revenues must be at least $50,000 USD or CD, and current-year operating revenues must be at least $5 million USD or CD. Companies are required to submit tax returns or audited financial statements with their nominations to complete their eligibility.
- Be in business a minimum of five years.
- Be headquartered in North America. Subsidiaries or divisions are not eligible (unless they have some public ownership and are separately traded).
About Deloitte
As used in this press release, “Deloitte” means Deloitte LLP and Deloitte Services LP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About ECS
Engineering & Computer Simulations, Inc. is an advanced learning technologies company located in Orlando, Florida. The core mission of the organization is to provide Web 2.0-based enterprise 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 delivered to ECS’ customers.
Contacts:
Joe O’Connell, 407-823-9991
Mary Trier, 407-620-3357
