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V-Empower, Inc. Tops Deloitte's Maryland Technology Fast 50 Ranking of Fastest-Growing Technology Companies, With 9,268 Percent Growth Over Five Years |
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WASHINGTON, Oct 02, 2007 /PRNewswire via COMTEX/ -- V-Empower, Inc. tops the list of the fastest growing technology companies in Maryland as recognized by Deloitte & Touche LLP at an award event held October 2 at The Sequoia in Georgetown. Called the "Maryland Technology Fast 50," the annual award program ranks technology companies located in Maryland by revenue growth. The awards in Maryland and Virginia are sponsored by Wilmer Cutler Pickering Hale and Dorr LLP, NASDAQ and SmartCEO Magazine. "Deloitte's Maryland Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Mr. Gary H. Tabach, Managing Partner for Deloitte's Greater Washington Practice. "We applaud the successes of V-Empower, Inc. and acknowledge it as one of the very few to accomplish such an impressive growth rate over the past five years." "The 2007 Maryland Fast 50 have experienced remarkable growth while competing with technology and life sciences companies in this global marketplace. Today, we congratulate the winning companies on their noteworthy accomplishments and continued growth," said Mr. William J. Perlstein, Co- Managing Partner of WilmerHale. Winners are selected based on percentage revenue growth over five years from 2002 to 2006. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2002 and at least $5,000,000 in 2006; 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.
Also this year, Deloitte's 2007 Technology Fast 50 Awards program will premiere the Technology Fast 50 Business Diversity Awards. The Deloitte Technology Fast 50 Business Diversity Awards acknowledge the growing importance of an innovative group of local small technology businesses in Maryland and Virginia that are owned and managed by individuals classified by the U.S. Small Business Administration as having one or more of the following small business designations: Minority-Owned, Woman-Owned, Veteran-Owned, Service Disabled Veteran-Owned, Small Disadvantaged Business, and HUBZone.
The Maryland Technology Fast 50 program is hosted by Deloitte & Touche LLP, along with WilmerHale, NASDAQ and SmartCEO magazine. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. About Wilmer Cutler Pickering Hale and Dorr LLP WilmerHale is recognized globally 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. With a longstanding commitment to public service, WilmerHale is renowned as a leader in pro bono representation. The firm has more than 1,000 lawyers, and offices worldwide in Baltimore, Beijing, Berlin, Boston, Brussels, London, Los Angeles, New York, Oxford, Palo Alto, Waltham and Washington. For more information, please visit our website at wilmerhale.com. SOURCE V-Empower, Inc.
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