Top 5 Fastest Growing Tech Companies
Interesting read over from Forbes today listing their yearly fastest growing tech companies.
To qualify for the list companies must, “have latest 12-month revenues of $25 million or more, annualized sales gains of at least 10% over the past five years and be profitable over the past 12 months.”
While Google (GOOG) made its normal appearance it surprisingly enough was not #1 on the list. The top 5 fastest growing technology companies from Forbes:
No. 1 Illumina (ILMN)
Illumina provides equipment and software for genetic analysis, such as DNA sequencing and gene expression. Scientists at universities and government agencies as well as in pharmaceutical and biotechnology companies use Illumina’s tools for disease research, drug development and the development of clinical tests.
No. 2 Google (GOOG)
“Googol” is the mathematical term for the number 1 followed by 100 zeros. Google the company traces its roots back to 1995, when founders Larry Page and Sergey Brin developed an online search engine. The company generates revenue by delivering online advertising tied to keyword searches, and now offers a multitude of additional services such as maps, phone-book listings, stock quotes, financial data and news.
No. 3 Salesforce.com (CRM)
Former Oracle exec Marc Benioff founded Salesforce.com in 1999 to provide on-demand customer relationship management software. Delivered over the Internet, Salesforce.com’s 51,000-plus customers can receive and exchange customized, real-time sales and customer information without the overhead associated with the purchase and maintenance of software and information technology (IT) infrastructure. Companies use this software to manage their sales, marketing and customer service and support operations.
No. 4 iRobot Corporation (IRBT)
Automated devices sold by iRobot help consumers and security authorities with mundane as well as dangerous chores. Products offered by the Bedford, Mass., company include Roomba, a robotic household vacuum cleaner; Scooba, a floor washer; and Looj, a rain gutter cleaner. The company’s PackBot Scout is a surveillance robot for the police and military.
No. 5 Techwell (TWLL)
Techwell, a fabless semiconductor firm headquartered in San Jose, Calif., designs integrated circuits for digital video applications used in security surveillance systems. The company’s products are also used by the consumer, personal computer and automotive markets. Applications include in-car LCD displays, advanced TVs and DVD Recorders.
It is great to see a innovative company such as iRobot make the list. Their vacuums (Roomba) we hear work great and the mention of Scooba and Looj were a first for us. I wouldn’t mind a robot scrubbing my floors… (For the full list visit Forbes.com).
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Source:
The Fastest-Growing Technology Companies in America
Paul M. Murdock and John J. Ray
Forbes.com, February 2, 2009
