Nerac Named One of Connecticut’s Fastest Growing Technology Companies in the Deloitte Fast 50 Program for the Fourth Year

Posted October 7th, 2005 at 11:37 am

Nerac Attributes Award to its 48.4+ Percent Growth Over a Five-Year Period

Tolland, CT — October 7, 2005. For the fourth year in a row, Nerac has been named to Deloitte’s prestigious “Technology Fast 50″ program for Connecticut, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in fiscal year revenues from 2000-2004. The increase in revenues of 48.4+ percent from 2000 to 2004 resulted in Nerac’s repeat appearance in the Fast 50 for Connecticut.

Nerac’s President Kevin Bouley credits the company’s revenue growth to his determined staff and a consistent need in the market for supporting companies focused on technology and scientific research. “We are fortunate to achieve our success by helping foster the research and development activities of more than 5,200 companies in 34 countries. Achieving the rank of one of Connecticut’s fastest growing companies for the fourth year in a row is a great reward for our staff whose efforts are focused on growing client base and revenues. We look forward to the challenge of making it five in a row.”

“Deloitte’s Connecticut Technology Fast 50 companies have shown the strength, vision and creativity to succeed in today’s very competitive technology environment,� said Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50. “We applaud the successes of Nerac and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.�

To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Connecticut, and be a “technology company,â€? 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.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Nerac
Nerac is an independent technology research company that provides critical information and intellectual property data to companies that need to make informed decisions and solve problems. For 40 years, Nerac has been a trusted resource and advisor that Fortune 500 and innovative companies turn to for forward-thinking research solutions. The value of this experience, combined with our deep understanding of technology assessment and the IP landscape, is unrivaled.

Nerac Contact: Suzi Craig-Edwards, 860-872-7000

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), 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 names “Deloitte�, “Deloitte & Touche�, “Deloitte Touche Tohmatsu� or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

As used in this document, “Deloitte� includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP.

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