CBaySystems named to Deloitte's Technology Fast 50 List for Maryland for a
fourth straight year, ranking 18th of the fastest-growing technology
ANNAPOLIS, Md., Oct. 8 /PRNewswire/ -- CBaySystems and Services, Inc. has been named for a fourth straight year to Deloitte's prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in Maryland, by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. This year's Maryland Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ, and SmartCEO.
CBaySystems President Christopher Foley credits the company's 328% revenue growth to "our dedication to providing efficiencies, savings and total customer value." Foley adds, "We're constantly looking for new ways to deliver a Worldclass Advantage with our services and we're proud that our commitment has been rewarding -- both for us, and our customers."
CBaySystems' increase in revenues of 328% from 2002 to 2006 resulted in an 18th place ranking in the Technology Fast 50 for Maryland.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Maryland, and either own proprietary technology or intellectual property that contributes to a significant portion of the company's operating revenues, or devote a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, please visit http://www.fast500.com.
CBaySystems is a leading provider of medical transcription and healthcare technologies to large hospitals, healthcare networks, and physician practices throughout the United States, and is a leader in patient financial services to hospitals and hospital-based physician practices in the United States. The company utilizes secure Internet technologies combined with its global-based delivery model to deliver its service and product offerings to healthcare providers.
Since inception in 1998, CBaySystems has been acknowledged by some of the industry's leading publications and ratings institutions, including Forbes.com -- Ten to Watch, Healthcare Informatics 100, Deloitte Technology Fast 500, and Inc. Magazine -- One of the Fastest Growing Privately Held Companies in America.
CBay is headquartered in Annapolis, MD, and Atlanta, GA. CBaySystems Holdings, Ltd. joined the AIM market of the London Stock Exchange on June 18, 2007 and trades under the ticker symbol CBAY. For more information, please visit http://www.cbaysystems.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
For additional information, please contact:
Director of Marketing
410.940.6900 x 3195
|SOURCE CBaySystems and Services, Inc.|
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