Nerac's President Kevin Bouley credits his determined staff and growing client base with the company's revenue growth of greater than 56 percent from 1998-2002. He said, "We are really excited to once again make Connecticut's Fast 50 program. With a 37-year history and steady revenue growth, Nerac's success is the result of the technology industry's essential need for reliable information. We are fortunate to achieve our success by helping foster the research and development activities of over 5,100 companies."
Increase in revenues of 56+ percent from 1998 to 2002 assisted in Nerac's repeat appearance in the Connecticut Fast 50. This year's winners averaged 172 percent growth, representing a total of $3.1 billion in revenues, over the five-year period 1998 to 2002, to the Connecticut economy.
"In today's economy, double-digit percentage revenue growth is an exceptional accomplishment. We commend Nerac for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Nerac as a Deloitte Connecticut Technology Fast 50 winner."
To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company," defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com.
About Nerac
For nearly four decades, Nerac has been delivering customized technical information to companies that conduct research and development in all industries. With a powerful search engine and access to nearly every journal article and conference paper published in the last 37 years, Nerac's Information Specialists bring human intelligence to the search process and work one-on-one with clients to retrieve information from international engineering, scientific, patent and business resources. Based in Tolland, Connecticut, Nerac provides information services globally via the web at http://www.nerac.com. Nerac Contact: Suzi Craig-Edwards, 860-872-7000
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, 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 name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at http://www.deloitte.com/us.
About the CT TECHNOLOGY Council
As the leading technology organization in the state, the CT TECHNOLOGY Council welcomes companies of all sizes and technologies into its membership. Leveraging the collective strength, influence and expertise of their members, the Tech Council's mission is to see that Connecticut successfully takes its place as one of the top technology regions in the country and that their exciting, high-growth, high-value companies get the recognition that is their due. The Tech Council provides a wide array of opportunities for peer networking, program and educational seminars in addition to strategic workforce and policy initiatives to support its member companies. The Council also serves its members as the official organization representing Connecticut's Software Cluster. The Cluster's mission is to drive the expansion of Connecticut's software industry by promoting innovation, entrepreneurship, collaboration and awareness.