Marcum LLP and Connecticut Technology Council Announce Marcum Tech Top 40 Winners
Alexion Pharmaceuticals Named Connecticut’s Fastest Growing Technology Company
HARTFORD, Conn. (October 28, 2010) – Marcum LLP, one of the nation’s leading accounting and advisory firms, and The Connecticut Technology Council awarded winners in each of the six categories of the Marcum Tech Top 40 in a ceremony at the Chevrolet Theater in Wallingford, CT. The Marcum Tech Top 40 recognizes the 40 fastest growing technology companies in Connecticut based on revenue growth over the past four years.
The winner of this year’s Marcum Tech Top 40 is Cheshire, CT-based Alexion Pharmaceuticals Inc. in the Life Sciences category. The company has achieved revenue growth of 24,726 percent over the past four years and a significant market presence with Soliris®, a product approved for the treatment of patients with paroxysmal nocturnal hemogolbinuria (PNH)1, a rare, but progressive and life-threatening disease characterized by the excessive destruction of red blood cells.
The other category winners based on revenue growth include:
- RSL Fiber Systems, LLC, based in East Hartford, CT, in the category of Advanced Manufacturing;
- Fuel Cell Energy, LLC, based in Danbury, CT, in the category of Energy/Environmental Technologies;
- HealthPlanOne, LLC, based in Shelton, CT, in the New Media/Internet/Telecom technology category;
- Higher One Holdings, Inc., based in New Haven, CT, in the Software category;
- Cervalis, LLC, based in Shelton, CT, in the IT Services category.
"The category winners of this year’s Marcum Tech Top 40 are an inspiration for other technology companies throughout Connecticut," said Alex Descepolo, partner in the tax practice at Marcum LLP. "They represent growth, innovation and perseverance – qualities that we believe are essential to fostering economic growth in the region.”
"We are proud to have such an array of strong technology companies in this year’s Marcum Tech Top 40 list,” said Matthew Nemerson, President and CEO of the Connecticut Technology Council. “Connecticut has become an incubator for developing technology talent and is a great place to do business for our nation’s tech sector.”
RSL Fiber Systems, LLC, which won in the Advanced Manufacturing category, is a newcomer to the Marcum Tech Top 40 list. Based in East Hartford, CT, the company manufactures advanced lighting solutions and integrated illumination for applications such as coal mining, refineries, offshore rigs, and first responders.
FuelCell Energy, LLC, based in Danbury, CT, captured the prize in the Energy/Environmental Technologies category. The company has put Connecticut on the fuel cell map with its line of fuel cells for commercial, municipal and utility customers.
HealthPlanOne, LLC, based in Shelton, CT, won in the New Media/Internet/Telecom technology category. The company is a web-based health insurance brokerage focused on marketing individual/family and small business health insurance.
New Haven, CT, is home to the Software category winner, Higher One Holdings, Inc. The company, which went public this June, provides electronic payment and disbursement services for colleges and universities and their students.
In the category of IT Services, Cervalis, LLC, was the winner. Based in Shelton, CT, the company provides IT infrastructure solutions for managed business continuity, hosting, security, storage and co-location.
Companies considered for the Marcum Tech Top 40 were required to have at least $50,000 in revenue in the first year and $3 million in revenue in the fourth year. The list is made up primarily of privately-held companies, but does include 13 public companies.
The winning companies are grouped into six technology verticals: Software, IT Services, Life Sciences, Advanced Manufacturing, New Media/Internet/Telecom and Energy/Environmental Technologies. Geographically the companies are fairly evenly distributed across the state.
This year’s sponsors included CNA Insurance, the law firm of Pullman & Comley, Webster Bank, Connecticut Innovations, First Experience Communications, the Pita Group, Robert Half Technology and Wellstone Insurance.
Watch the full length video of the event here:
2010 Tech Top 40 Companies
APS Technology, Inc., Wallingford
Bolt Technology Corporation, Norwalk
EDAC Technologies Corporation, Farmington
RBC Bearings, Inc., Oxford
RSL Fiber Systems, LLC, East Hartford
EMCOR Group, Inc., Norwalk
FuelCell Energy, Inc., Danbury
INNCOM International, Inc., Niantic
Precision Combustion, Inc., North Haven
Cervalis LLC, Shelton
Fuss & O'Neill Technologies, LLC DBA Fandotech, Manchester
MResult Corp, New London
Perimeter E-Security, Milford
Alexion Pharmaceuticals, Inc., Cheshire
Bio-Med Devices, Inc., Guilford
Defibtech, LLC, Guilford
Metrum Research Group LLC, Tariffville
Health Plan One, LLC, Shelton
JobTarget, LLC, New London
M2 Media Group, Stamford
Post-N-Track Corporation, Wethersfield
Priceline.com, Inc, Norwalk
TranSwitch Corporation, Shelton
Andrews Consulting Group, Cheshire
EDGAR ONLINE, Inc., Norwalk
FactSet Research Systems, Inc., Norwalk
Higher One Holdings, Inc., New Haven
PASSUR Aerospace, Inc., Stamford
Qualtech Systems, Inc., East Hartford
SS&C Technologies, Inc., Windsor
Tangoe, Inc., Orange
Terra Technology, LLC, Norwalk
TicketNetwork Inc., Vernon
Triple Point Technology, Inc., Westport
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, the Connecticut Technology Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms. For more information, visit www.ct.org.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked 15th among the "Top 25 Firms" by Inside Public Accounting, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 21 offices throughout New York, New Jersey, Connecticut, Pennsylvania, Florida, Massachusetts, California, Hong Kong and Grand Cayman. Marcum is a member of the Marcum Group, the gateway to a group of organizations that provide a variety of professional services including accounting and advisory, technology solutions, recruiting and wealth management. These organizations include Marcum LLP; MarcumRachlin, a division of Marcum LLP; MarcumStonefield, a division of Marcum LLP; Marcum Technology LLP; MarcumBuchanan Associates LLC; Marcum Search LLC and Marcum Financial Services LLC. For more about Marcum LLP, visit www.marcumllp.com.
Tech Top 40 2010 Sponsors
First Experience Communications
Pullman & Comley, LLC
Supporting & Media Sponsors
Robert Half Technology
Hartford Business Journal
Fairfield County Business Journal
Business New Haven