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 T
|SOURCE CBaySystems and Services, Inc.|
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