Six Industry Category Winners Announced for 2011 Marcum Tech Top 40
HARTFORD, Conn. (September 27, 2011) – Six winners representing key areas of technology were announced as the fastest growing technology companies in Connecticut at the 2011 Marcum Tech Top 40 awards ceremony on September 27 at the Oakdale Theater in Wallingford. Marcum LLP, one of the nation’s leading accounting and advisory firms, and The Connecticut Technology Council recognized the 40 fastest growing technology companies in Connecticut based on revenue growth over the past four years.
To see the full list of companies named to the Tech Top 40, see below or click here To learn more about the Marcum Tech Top 40 program, click here
The overall winner of this year’s Marcum Tech Top 40 is Tolland-based OpenSky Corporation. The IT Services company has achieved revenue growth of 18,221 percent over the past four years. The company provides professional services in IT consulting, infrastructure, risk management, security and virtualization.
Five other category winners include:
RSL Fiber Systems, LLC, East Hartford (Advanced Manufacturing)
STR Holdings Incorporated, Enfield (Energy/Environmental Technologies)
Alexion Pharmaceuticals, Cheshire (Life Sciences)
HealthPlanOne, LLC, Shelton (New Media/Internet/Telecom)
Higher One Holdings, Inc., New Haven (Software)
"Category winners of this year’s Marcum Tech Top 40 stand at the top because of aggressive, persistent innovation and the dedicated talent that drives it," said Alex Discepolo, partner in the tax practice at Marcum LLP. "These two qualities are essential to fostering economic growth in the state.”
"We are proud to have such an array of strong technology companies in this year’s Marcum Tech Top 40,” 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 technology companies.”
RSL Fiber Systems is a repeat category winner in Advanced Manufacturing. The company manufactures advanced lighting solutions and integrated illumination for coal mining, refineries, offshore rigs, first responders and other applications.
STR Holdings, which won in Energy/Environmental Technologies, is a leader in solar panel encapsulation.
Life Sciences winner Alexion Pharmaceuticals’ Soliris drug catapulted the company to the top of the Tech Top 40 the last two years. Alexion is now expanding its reach into additional treatment areas.
HealthPlanOne, LLC, led New Media/Internet/Telecom technology and is also a repeat category winner. The company is a web-based health insurance brokerage focused on marketing individual/family and small business health insurance.
Software winner, Higher One Holdings, Inc., went public last year. The company provides electronic payment and disbursement services for colleges and universities and their students.
Marcum Tech Top 40 companies are 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. 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, Dsign Digital LLP, Robert Half Technology, TriNet HR Corporation and Wellstone Insurance.
2011 Marcum Tech Top 40
APS Technology, Inc., Wallingford
EDAC Technologies Corporation, Farmington
Foster Corporation, Putnam
RSL Fiber Systems, LLC, East Hartford
TransAct Technologies Inc., Wallingford
FuelCell Energy, Inc., Danbury
Precision Combustion, Inc., North Haven
Proton Onsite, Wallingford
STR Holdings, Inc, Enfield
Cervalis LLC, Shelton
Fandotech, LLC, Manchester
Information Services Group, Stamford
OpenSky Corporation, Tolland
Perimeter E-Security, Inc., Milford
Alexion Pharmaceuticals, Inc., Cheshire
Bio-Med Devices, Inc., Guilford
Defibtech, LLC, Guilford
Metrum Research Group LLC, Tariffville
Protein Sciences Corporation, Meriden
Frontier Communications Corporation, Stamford
Health Plan One, LLC, Shelton
JobTarget, LLC, New London
Logo’d Softwear Inc., Cheshire
M2 Media Group, Stamford
PeriShip, LLC, Branford
Priceline.com, Inc., Norwalk
TranSwitch Corporation, Shelton
Adeptra, Inc., Norwalk
Evolution1, Inc., Avon
FactSet Research Systems, Inc., Norwalk
Higher One Holdings, Inc., New Haven
IMedX Inc., Shelton
PASSUR Aerospace, Inc., Stamford
Prometheus Research, LLC, New Haven
Tangoe, Inc., Orange
Terra Technology, LLC, Norwalk
TicketNetwork Inc., South Windsor
Triple Point Technology, Inc., Westport
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 over 2,000 companies that employ some 200,000 residents, CTC provides a strong, urgent voice in support of creating 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 within the top 15 firms by Inside Public Accounting and Accounting Today, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 23 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman, China and Hong Kong. The Firm's presence runs deep with full service offices strategically located in major business markets. 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; MarcumStonefield, a division of Marcum LLP; Marcum Technology LLC ; MarcumBuchanan Associates LLC; Marcum Search LLC; Marcum Financial Services LLC; Marcum Cronus Partners LLC; and Marcum Bernstein and Pinchuk LLP.
Connecticut Technology Council
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