ConceptSolutions Earns Washington Technology 2009 Fast 50 Ranking
Reston Firm Ranks as 19th Fastest Growing Small Business in the Government Market
Reston, VA – September 2008 – RESTON, VA – September 2009 – ConceptSolutions (www.Concept-Solutions.com), an information management and technology consulting company serving government, military and commercial organizations, announced today that it has earned a ranking of 19th in Washington Technology magazine’s 2009 Fast 50.
Fueled by major contract wins and follow-on business from a number of federal agencies, including the Federal Aviation Administration (FAA) and Department of Homeland Security (DHS), ConceptSolutions achieved more than 114 percent compound annual growth from 2004 through 2008. Washington Technology’s Fast 50 is an annual listing of the 50 fastest growing small businesses serving the government marketplace based on revenue growth over the past five years.
“Once again, our employees’ technical talent, problem solving expertise and unwavering commitment to quality have earned ConceptSolutions a ranking among the most successful businesses serving the federal government,” said Phong Mai, President and CEO of ConceptSolutions. “We’re especially proud to have attained this Washington Technology Fast 50 award through organic growth driven by innovation, such as our expanding Enterprise Web 2.0 solutions and capabilities.”
In September 2008, ConceptSolutions garnered its second consecutive ranking in Deloitte & Touche’s prestigious Technology Fast 50, placing 28th in Virginia. In November 2008, the company also earned a spot in Deloitte’s Technology Fast 500 program for the second straight year with a ranking of 287. 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.
Deloitte’s annual Fast 50/500 programs rank the fastest growing technology, media, telecommunications and life sciences companies locally and across North America based on percentage of revenue growth over a five-year period. In addition to other revenue requirements, to qualify for Deloitte’s Technology Fast 50/500, companies must own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues or devote a significant portion of revenues to the research and development of technology.