ConceptSolutions Earns Second Deloitte FAST 500 Ranking as One of the Fastest Growing Technology Companies in North America
Firm Ranks #287 for Impressive Five-Year Growth of Over 570%
Reston, VA – November 12, 2008 – ConceptSolutions (www.Concept-Solutions.com), an information management and technology consulting company serving government, military and commercial organizations, announced today that, for the second straight year, it has earned a spot in Deloitte’s prestigious Technology Fast 500 program. Deloitte’s Fast 500 is an annual listing of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America based on percentage revenue growth over the past five years.
ConceptSolutions 572 percent revenue growth between 2003 and 2007 secured a 2008 ranking of 287. In September, the company earned its second consecutive ranking in Deloitte’s Technology Fast 50 by placing 28th in Virginia. Privately funded and always profitable since its founding in 1999, ConceptSolutions’ successful growth (526 percent growth from 2002 to 2006) merited the company 2007 rankings of 19th in Deloitte’s Technology Fast 50 for Virginia and 293rd in the Technology Fast 500 for North America.
To qualify for the Deloitte’s 2008 Technology Fast 50/500, companies must have been in business for at least five years, had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant portion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.