Continuous Computing Corporation Tops Deloitte & Touche San Diego Technology Fast 50 Ranking of Fastest-Growing Technology Companies, With 28,372 Percent Growth Over Five Years
SAN DIEGO--(BUSINESS WIRE)--Sept. 18, 2003--Continuous Computing Corporation tops the list of the fastest growing technology companies in the San Diego area as recognized by Deloitte & Touche LLP, one of the nation's leading professional services firms, at an awards event held September 17 at the Hyatt Regency La Jolla at Aventine. Called the "San Diego Technology Fast 50," the annual award program ranks by revenue growth technology companies located in the San Diego area.
Continuous Computing Corporation, a San Diego-based provider of high-availability, application-ready platform solutions that enable telecom equipment manufacturers to rapidly develop and deploy voice-over-packet, intelligent network, OAM&P, and wireless infrastructure applications, was the top-ranked Fast 50 company with a five-year revenue growth rate of 28,372 percent.
"To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche Technology Fast 50 winners have done," said Helen Adams, partner, Technology, Media, & Telecommunications (TMT) Group, Deloitte & Touche, San Diego. "We applaud these companies for their tremendous accomplishments during economically challenging times, and for being one of the elite Fast 50 companies in the San Diego area."
Winners are selected based on the percentage of growth in revenues from 1998 to 2002. To be considered, Fast 50 entrants must have met the following criteria: Have revenues of at least $50,000 in 1998 and at least $1,000,000 in 2002. Be public or private companies, headquartered in the San Diego area. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded. Be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
The 2003 San Diego Technology Fast 50 company ranking is as follows:
5 Yr. %
Rank Company Name City Growth Ticker Exchange
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Continuous Computing
1 Corporation San Diego 28372% Private N/A
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2 SEQUENOM, Inc. San Diego 8699% SQNM NASDAQ
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3 MUSICMATCH, Inc. San Diego 2706% Private N/A
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4 Prometheus Laboratories, Inc. San Diego 2499% Private N/A
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5 ComGlobal Systems, Inc. San Diego 2410% Private N/A
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Protein Polymer Technologies,
6 Inc. San Diego 2389% PPTI OTC
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7 Diversa Corporation San Diego 2250% DVSA NASDAQ
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8 Digirad Corporation San Diego 2062% Private N/A
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9 WIDCOMM, Inc. San Diego 1976% Private N/A
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10 Invitrogen Corporation Carlsbad 1965% IVGN NASDAQ
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11 MAXIM Pharmaceuticals San Diego 1090% MAXM NASDAQ
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CardioDynamics International
12 Corporation San Diego 1021% CDIC NASDAQ
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13 Websense, Inc. San Diego 781% WBSN NASDAQ
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14 ProfitLine, Inc. San Diego 660% Private N/A
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Discovery Partners
15 International San Diego 565% DPII NASDAQ
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Information Systems
16 Laboratories, Inc. San Diego 532% Private N/A
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Ligand Pharmaceuticals
17 Incorporated San Diego 447% LGND NASDAQ
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18 Novatel Wireless, Inc. San Diego 437% NVTL NASDAQ
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IDEC Pharmaceuticals
19 Corporation San Diego 365% IDPH NASDAQ
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20 The Titan Corporation San Diego 359% TTN NYSE
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21 ImageWare Systems, Inc. San Diego 331% IW AMEX
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22 SmartDraw.com San Diego 314% Private N/A
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American Technology
23 Corporation San Diego 313% ATCO NASDAQ
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24 SourcingLink.net San Diego 311% SNET N/A
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25 4-D Neuroimaging San Diego 275% FDNX OTC
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26 Wireless Facilities, Inc. San Diego 260% WFII NASDAQ
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Koam Engineering Systems,
27 Inc. San Diego 235% Private N/A
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28 SureBeam Corporation San Diego 230% SUREE NASDAQ
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Terra-Kleen Response Group,
29 Inc. San Diego 220% Private N/A
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30 JNI Corporation San Diego 215% JNIC NASDAQ
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31 ResMed Corporation Poway 207% RMD NYSE
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Applied Molecular Evolution,
32 Inc. San Diego 206% AMEV NASDAQ
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33 ViaSat, Inc. Carlsbad 205% VSAT NASDAQ
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34 Biosite Incorporated San Diego 184% BSTE NASDAQ
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35 Lightspan, Inc. San Diego 158% LSPN NASDAQ
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36 Predicate Logic, Inc. San Diego 139% Private N/A
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37 Nanogen, Inc. San Diego 125% NGEN NASDAQ
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38 e.Digital Corporation San Diego 124% EDIG OTC
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39 SeraCare Life Sciences, Inc. Oceanside 119% SRLS NASDAQ
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40 Overland Storage, Inc. San Diego 117% OVRL NASDAQ
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41 Cardiff Software, Inc. Vista 104.7% Private N/A
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42 ISIS Pharmaceuticals, Inc. Carlsbad 104.6% ISIS NASDAQ
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43 Captiva Software Corporation San Diego 104.5% CPTV NASDAQ
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44 Mitek Systems, Inc. Poway 101% MITK NASDAQ
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Applied Micro Circuits
45 Corporation San Diego 99% AMCC NASDAQ
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46 Innovative Medical Services El Cajon 91.4% PURE NASDAQ
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47 Epimmune Inc. San Diego 91.2% EPMN NASDAQ
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48 DJ Orthopedics, Inc. Vista 76% DJO NYSE
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49 Vista Medical Technologies Carlsbad 69% VMTI NASDAQ
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50 Gen-Probe Incorporated San Diego 62% GPRO NASDAQ
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A special category called "Rising Stars" recognizes three additional fast-growing technology companies based on revenue growth over three years (2000-2002). This year's rising star is Active Motif, based in Carlsbad, with a growth rate of 897%.
The Deloitte & Touche Fast 50 program is sponsored by Cooley Godward LLP, Comerica, Fleishman Hillard, Focus Creative, KPBS, Marsh, RJ Watkins & Company, The T Sector, and in association with AeA, and BIOCOM.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us.
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