Marcum LLP and Connecticut Technology Council Announce 2019 Marcum Tech Top 40 Winners; Norwalk’s Potoo Solutions Named Connecticut’s Fastest Growing Technology Company
HARTFORD,CT (November 20,2019) – The Connecticut Technology Council (CTC) and Marcum LLP announce the winners of the 2019 Marcum Tech Top 40, the 12th annual awards program from CTC and Marcum recognizing the fastest growing technology companies in Connecticut.
This year’s overall Marcum Tech Top 40 winner is Potoo Solutions.
Potoo outperformed other finalist companies with a growth rate of 2813% over the past four years. Founded in 2014, Potoo Solutions provides services to help manage online retail businesses.
Winners were also named in each of the six entry categories, based on the greatest percentage growth by sector. The 2019 category winners are:
- Device42, Inc., West Haven (Software)
- Eastern Co, Naugatuck (Advanced Manufacturing)
- KUBTEC, Stratford(Life Sciences)
- Kyber Security, Fairfield (IT Services)
- Potoo Solutions, Norwalk (New Media, Internet, and Telecommunications)
- Precision Combustion, North Haven (Energy, Environmental, and Green Technologies)
In addition, two companies share distinction as winners of the annual Accelerator Award, which recognizes companies that successfully scaled to $3 million in revenue in fewer than 3 years. This year’s Accelerator honorees successfully achieved a growth rate of more than 80% in one year. Arvinas, Inc. (New Haven), a biopharmaceutical company focused on developing therapeutics for cancers and other difficult-to-treat diseases, achieved 80% growth and WealthConductor, LLC (Hartford), a Fintech company focused on retirement income planning, achieved a growth rate of 182%.
About the Marcum Tech Top 40
The Marcum Tech Top 40 recognizes technology companies with at least $3 million in annual revenue and a four-year record of growth, in six industry sectors. Both privately held and publicly traded companies are eligible.
“Marcum Tech Top 40 companies and winners are exemplars of overcoming any number of obstacles in business, including capital-raising, complex revenue reporting, intellectual property management, international expansion and other challenges. The 12th anniversary class of Marcum Tech Top 40 companies are best-in-class by all of these measures and more,” said Michael K. Brooder, CPA, managing partner of Marcum’s Hartford, Connecticut, office.
Severine Zygmont, CTC’s Board Chair, said, “The Marcum Tech Top 40 is an opportunity for us each year to highlight that technology companies are thriving in Connecticut. We are pleased to support these companies and the others that are in a growth mode for Connecticut to achieve the job creation and economic growth we are all striving for. The Connecticut Technology Council will continue to be an advocate for the public policies and best practices that support the state’s technology sector.”
A series of videos featuring senior executives from selected Marcum Tech Top 40 companies is available below. The videos speak about the secrets to their success along with thoughts and advice on the role that tech companies play in Connecticut’s economy.
2019 Marcum Tech Top 40 Companies by Company Name
(Company Name, Category, City, County)
Software, Shelton, Fairfield
ADNET Technologies, IT Services, Farmington, Hartford
Amphenol Corp. /DE/, Advanced Manufacturing, Wallingford, New Haven
Arccos Golf LLC, Software, Software, Stamford, Fairfield
ARVINAS, INC., Accelerator, New Haven, New Haven
aventri, Software, Norwalk, Fairfield
BARNES GROUP INC, Advanced Manufacturing, Bristol, Hartford
Cara Therapeutics, Inc., Life Sciences, Stamford, Fairfield
CAS MEDICAL SYSTEMS INC, Life Sciences, Branford, New Haven
CHARTER COMMUNICATIONS, INC. /MO/, New Media/ Internet/ Telecom, Stamford, Fairfield
Clarity Software Solutions, Inc., Software, Madison, New Haven
COCC, IT Services, Southington, Hartford
Continuity, Software, New Haven, New Haven
CRANE CO /DE/, Advanced Manufacturing, Stamford, Fairfield
Device42, Inc., Software, West Haven, New Haven
Eastern Co, Advanced Manufacturing, Naugatuck, New Haven
Exago Inc., Software, Shelton, Fairfield
FACTSET Research Systems Inc., Software, Norwalk, Fairfield
Foster Corporation, Advanced Manufacturing, Putnam, Windham
Frontier Communications Corp., New Media/ Internet/ Telecom, New Haven, New Haven
Hexcel Corporation, Advanced Manufacturing, Stamford, Fairfield
HUBBELL INC, IT Services, Shelton, Fairfield
IT Direct, IT Services, West Hartford, Hartford
KAMAN Corp, Advanced Manufacturing, Bloomfield, Hartford
KUBTEC, Life Sciences, Stratford, Fairfield
Kyber Security, IT Services, Fairfield, Fairfield
LYDALL INC /DE/, Advanced Manufacturing, Manchester, Hartford
MediaCrossing Inc., New Media / Internet / Telecom, Stamford, Fairfield
Metrum Research Group, Life Sciences, Tariffville, Hartford
MResult Corp., IT Services, Mystic, New London
Photronics, Inc., Advanced Manufacturing, Brookfield, Fairfield
Potoo Solutions, New Media / Internet / Telecom, Norwalk, Fairfield
Precision Combustion, Inc., Energy, Environment, or Green Technology, North Haven, New Haven
RBC Bearings Inc., Advanced Manufacturing, Oxford, New Haven
Reality Interactive, New Media, Internet, or Telecommunications, Middletown, Middlesex
Saisystems International, IT Services, Shelton, Fairfield
SILGAN HOLDINGS INC, Advanced Manufacturing, Stamford, Fairfield
SS&C Technologies Holdings Inc, Software, Windsor, Hartford
STANLEY BLACK & DECKER, INC., Advanced Manufacturing, New Britain, Hartford
Tronox Holdings plc, Advanced Manufacturing, Stamford, Fairfield
UNITED TECHNOLOGIES CORP /DE/, Advanced Manufacturing, Farmington, Hartford
WealthConductor LLC, Accelerator, Hartford, Hartford
About the Connecticut Technology Council
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 2,500 companies that employ some 200,000 residents, the mission of the Connecticut Technology Council is to spark innovation, cultivate tech talent, foster business growth, advocate for industry-beneficial law and policy, expand the scope of industry networking and professional development, and celebrate industry achievements in the state. The CTC seeks to serve Connecticut’s technology ecosystem by providing leadership, support, mentoring, and advocacy to companies across every industry and at every stage of growth. For more information, visit http://www.ct.org
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.