Marcum LLP and Connecticut Technology Council Announce Marcum Tech Top 40 Winners

Alexion Pharmaceuticals Named Connecticut's Fastest Growing Technology Company

Oct 29, 2010, 08:00 ET from Marcum LLP

HARTFORD, Conn., Oct. 29 /PRNewswire/ -- Marcum LLP, one of the nation's leading accounting and advisory firms, and The Connecticut Technology Council awarded winners in each of the six categories of the Marcum Tech Top 40 in a ceremony at the Chevrolet Theater in Wallingford, CT.  The Marcum Tech Top 40 recognizes the 40 fastest growing technology companies in Connecticut based on revenue growth over the past four years.  

The winner of this year's Marcum Tech Top 40 is Cheshire, CT-based Alexion Pharmaceuticals Inc. in the Life Sciences category. The company has achieved revenue growth of 24,726 percent over the past four years and a significant market presence with Soliris®, a product approved for the treatment of patients with paroxysmal nocturnal hemogolbinuria (PNH)1, a rare, but progressive and life-threatening disease characterized by the excessive destruction of red blood cells.

The other category winners based on revenue growth include:

  • RSL Fiber Systems, LLC, based in East Hartford, CT, in the category of Advanced Manufacturing;
  • FuelCell Energy, LLC, based in Danbury, CT, in the category of Energy/Environmental Technologies;
  • HealthPlanOne, LLC, based in Shelton, CT, in the New Media/Internet/Telecom technology category;
  • Higher One Holdings, Inc., based in New Haven, CT, in the Software category;
  • Cervalis, LLC, based in Shelton, CT, in the IT Services category.

"The category winners of this year's Marcum Tech Top 40 are an inspiration for other technology companies throughout Connecticut," said Alex Discepolo, tax partner in the technology practice at Marcum LLP. "They represent growth, innovation and perseverance – qualities that we believe are essential to fostering economic growth in the region."

"We are proud to have such an array of strong technology companies in this year's Marcum Tech Top 40 list," said Matthew Nemerson, President and CEO of the Connecticut Technology Council.  "Connecticut has become an incubator for developing technology talent and is a great place to do business for our nation's tech sector."

RSL Fiber Systems, LLC, which won in the Advanced Manufacturing category, is a newcomer to the Marcum Tech Top 40 list. Based in East Hartford, CT, the company manufactures advanced lighting solutions and integrated illumination for applications such as coal mining, refineries, offshore rigs, and first responders.

FuelCell Energy, LLC, based in Danbury, CT, captured the prize in the Energy/Environmental Technologies category. The company has put Connecticut on the fuel cell map with its line of fuel cells for commercial, municipal and utility customers.

HealthPlanOne, LLC, based in Shelton, CT, won in the New Media/Internet/Telecom technology category. The company is a web-based health insurance brokerage focused on marketing individual/family and small business health insurance.

New Haven, CT, is home to the Software category winner, Higher One Holdings, Inc. The company, which went public this June, provides electronic payment and disbursement services for colleges and universities and their students.

In the category of IT Services, Cervalis, LLC, was the winner. Based in Shelton, CT, the company provides IT infrastructure solutions for managed business continuity, hosting, security, storage and co-location.

Companies considered for the Marcum Tech Top 40 were required to have at least $50,000 in revenue in the first year and $3 million in revenue in the fourth year. The list is made up primarily of privately-held companies, but does include 13 public companies.

The winning companies are grouped into six technology verticals: Software, IT Services, Life Sciences, Advanced Manufacturing, New Media/Internet/Telecom and Energy/Environmental Technologies. Geographically the companies are fairly evenly distributed across the state.

This year's sponsors included CNA Insurance, the law firm of Pullman & Comley, Webster Bank, Connecticut Innovations, First Experience Communications, the Pita Group, Robert Half Technology and Wellstone Insurance.

2010 Tech Top 40 Companies  


Advanced Manufacturing Companies

APS Technology, Inc., Wallingford

Bolt Technology Corporation, Norwalk

EDAC Technologies Corporation, Farmington

PolyMedex Discovery Group (formerly Foster Corp), Putnam

Precision Combustion, Inc., North Haven

RBC Bearings, Inc., Oxford

RSL Fiber Systems, LLC, East Hartford


Energy/Environmental Technologies Companies

EMCOR Group, Inc., Norwalk

FuelCell Energy, Inc., Danbury

INNCOM International, Inc., Niantic


IT Services Companies

Cervalis LLC, Shelton

COCC, Avon

Fuss & O'Neill Technologies, LLC DBA Fandotech, Manchester

MResult Corp, New London

Perimeter E-Security, Milford


Life Sciences

Alexion Pharmaceuticals, Inc., Cheshire

Bio-Med Devices, Inc., Guilford

Defibtech, LLC, Guilford

Metrum Research Group LLC, Tariffville


New Media/Internet/Telecom

HealthPlanOne, LLC, Shelton

Indeed.com, Stamford

JobTarget, LLC, New London

M2 Media Group, Stamford

Post-N-Track Corporation, Wethersfield

Priceline.com, Inc., Norwalk

TranSwitch Corporation, Shelton

Webloyalty.com, Norwalk


Software

Adeptra, Inc., Norwalk

Andrews Consulting Group, Cheshire

EDGAR ONLINE, Inc., Norwalk

Evolution Benefits, Inc., Avon

FactSet Research Systems, Inc., Norwalk

Higher One Holdings, Inc., New Haven

PASSUR Aerospace, Inc., Stamford

Qualtech Systems, Inc., East Hartford

SS&C Technologies, Inc., Windsor

Tangoe, Inc., Orange

Terra Technology, LLC, Norwalk

TicketNetwork Inc., Vernon

Triple Point Technology, Inc., Westport



The Connecticut Technology Council

The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, the Connecticut Technology Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms. For more information, visit www.ct.org.

Marcum LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked 15th among the "Top 25 Firms" by Inside Public Accounting, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 21 offices throughout New York, New Jersey, Connecticut, Pennsylvania, Florida, Massachusetts, California, Hong Kong and Grand Cayman. Marcum is a member of the Marcum Group, the gateway to a group of organizations that provide a variety of professional services including accounting and advisory, technology solutions, recruiting and wealth management. These organizations include Marcum LLP; MarcumRachlin, a division of Marcum LLP; MarcumStonefield, a division of Marcum LLP; Marcum Technology LLP; MarcumBuchanan Associates LLC; Marcum Search LLC and Marcum Financial Services LLC. For more about Marcum LLP, visit www.marcumllp.com.  

SOURCE Marcum LLP



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