Timbercon, Inc. Ranked #487 Fastest Growing Technology Company in North America on the 2005 Deloitte Technology Fast 500
Timbercon, Inc. today announced that it ranked #487 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2000-2004. Timbercon grew 248% during this period.
Timbercon’s President, Eric Meslow, credits new product development and target market diversification with the company’s 248% revenue growth over the past five years. He said, “We have dedicated a substantial amount of resources towards new and innovative products that solve fundamental challenges within our industry. These new products have enabled Timbercon to focus on additional markets, ensuring a great opportunity for future growth.”
“Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry,” said Tony Kern, deputy national managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. “We congratulate Timbercon on being one of the 500 fastest growing technology companies in North America.”
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte’s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.
Entrants must be headquartered in North America and must 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.
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