Deloitte & Touche ranked Intelligent Software Solutions third on its Fast-50 – the 50 fastest-growing technology companies in Colorado – list.
The rankings are based on the percentage of revenue growth between 2000 and 2004. Fast-50 companies must have had operating revenue of at least $50,000 in 2000 and $1 million in 2004. Those who qualify are headquartered in North America, and “own proprietary technology 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,” according to an Intelligent news release.
Intelligent’s revenue grew 1,623 percent over the past five years. President and CEO Jay Jesse credits the company’s growth to the booming defense industry.
ISS provides data analysis solutions to the Department of Defense and national intelligence organizations.
Ramtron International claimed the 23rd spot on the Fast-50 list with revenues increasing by 122 percent.
Ramtron develops and supplies nonvolatile ferroelectric random access memory.
“In 2004, we exceeded our corporate goals and achieved the company’s first profitable fiscal year since its inception.” said Lee Brown, vice president of corporate of communications. “We are pleased that our operating performance in 2004 has once again resulted in being recognized as one of the fastest growing companies in Colorado.”
NAVSYS came in at No. 24 with revenue growth of 116 percent. A couple weeks ago, Celebrate Technology named NAVSYS CEO Alison Brown the Entrepreneur of the Year.
Nancy Roecker, the program manager and manager of software development for NAVSYS said the company is in a good position because of “incredible scientists and engineers” who have developed software and hardware systems that improve the accuracy of applications for their first-responder and medical track tags clients and the Department of Defense.
Spectranetics revenue increased 29 percent from 2000 to 2004, which allowed it inclusion on the Fast-50 list – No. 45. In 2004, revenue was up by $7.8 million to $34.7 million from the $26.9 million recorded in 2000.
Simtek Corp. sneaked in at No. 49 with revenues increasing by 23 percent from 2000 to 2004.
Simtek is a fables semiconductor company providing nonvolatile memory, application-specific integrated circuits and data communications.
Simtek also just hired Steven Hayes, formerly of AMI Semiconductor, as the company’s vice-president of worldwide sales.
Longmont-based Applied Films Corp. grew 3,103 percent during 2000 and 2004, earning the top spot on the Fast-50 list. Applied Films provides technologically advanced thin film deposition equipment and service.
New Web portal for manufacturers
The Colorado Association for Manufacturing and Technology is the newly formed state-level nonprofit association providing a common platform for all Colorado manufacturers.
CAMT has created a network to disseminate information to manufacturers.
LEAN and Quality/ISO programs are examples of information that will be provided through the network, which also encourages direct interaction among manufacturers.
The requirements to build a centralized Web portal tool were gathered from manufacturing business owners, executives and community leaders across Colorado, including the Colorado Springs Manufacturing Task Force. CAMT is partnering with Innovation Economics and MARLABs to develop a web portal demo for the manufacturing community to review.
The system will include a statewide manufacturing directory detailing company profiles, including capabilities and certifications; an interactive on-line forum to share information; the ability to post B2B opportunities to Colorado manufacturers; job openings and much more.
The system will be demonstrated from 4 p.m. to 6 p.m. Nov. 10 at the Greater Colorado Springs Chamber of Commerce at 2 N. Cascade St. Registration is required by Nov. 4.
Marylou Doehrman covers technology for the Colorado Springs Business Journal.