2005 Technology Fast 50 Winner!
Visual Data Systems Named One Of Maryland's Fastest Growing Technology Companies For Two Consecutive Years. It was named Rising Star in Deloitte's Technology Fast 50 Program for Maryland.
Baltimore, MD.,October 10, 2005
Visual Data Systems has been names a Rising Star in Deloitte's Technology Fast 50 program for Maryland. The Rising Star Award is a special designation for fast-growth technology companies that have been in business just three or four years and is part of the Maryland Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in Maryland Rankings are based on percentage revenue growth over three years (2002-2004).
Andrew Harrs, Principal, Deloitte & Touche LLP in McLean, Va., and Southeast Region Telecommunications, Media and Technology Practice Leader.
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"The Deloitte Maryland Technology Fast 50 Rising Star companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said of Deloitte’s Maryland region. "We applaud the successes of Visual Data Systems and acknowledge their place as one of the few to accomplish such a fast growth rate over the past three years."
"We are honored to be recognized by Deloitte, Wilmer, Cutler, Pickering, Hale and Dorr for our strong performance," said Linda Kaczmarek, president of Visual Data Systems.
To qualify for the technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2002 and $1,000,000 in 2004, be headquartered in North America, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
Rising Star winners are automatically entered in Deloitte's Technology Fast 500 Rising Star category. Deloitte's Technology Fast 500 program ranks North America's top 500 fastest growing technology companies based on percentage revenue growth over five years (2000-2004). Its Rising Star ranking is based on percentage revenue growth over three years (2002-2004). For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs,www.fast500.com
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