The 50 fastest growing technology companies in New England were announced on October 15 at an awards ceremony held at Hale and Dorr’s Waltham office. Burlington, MA based Z Corporation topped the list as the fastest growing tech company in the region.
The New England Technology Fast 50 is an annual awards program ranking New England’s 50 fastest growing technology companies based on five year revenue growth. The rising star category honors area technology companies that have posted significant revenue gains and have been in business for a minimum of three years.
Hale and Dorr and Deloitte & Touche have co-sponsored the event for the last 4 years.
The New England Technology 2001 Fast 50 Winners
| Rank | Company Name | Type of Business | City | State | 5 Yr. % Growth |
| 1 | Z Corporation | Computers/Peripherals | Burlington | MA | 20,044% |
| 2 | Video Network Communications | Communications/Networking | Portsmouth | NH | 10,726% |
| 3 | Be Free! Inc. | Internet | Marlborough | MA | 9,943% |
| 4 | Lighthouse Computer Services, Inc. | Software | Lincoln | RI | 7,282% |
| 5 | Praecis Pharmaceuticals, Inc. | Biotechnology | Waltham | MA | 6,885% |
| 6 | BURST! Media, LLC | Internet | Burlington | MA | 6,692% |
| 7 | Terra-Lycos, Inc. | Internet | Waltham | MA | 5,435% |
| 8 | Macromedia | Software | Newton | MA | 4,959% |
| 9 | Advanced Magnetics, Inc. | Medical/Scientific/Technical | Cambridge | MA | 4,627% |
| 10 | BioPure Corporation | Medical/Scientific/Technical | Cambridge | MA | 4,214% |
| 11 | NetGenesis | Software | Cambridge | MA | 4,154% |
| 12 | ATG | Internet | Cambridge | MA | 4,086% |
| 13 | Zaiq Technologies | Semiconductors/Equipment | Woburn | MA | 3,621% |
| 14 | SpeechWorks International, Inc. | Software | Boston | MA | 3,428% |
| 15 | Breakaway Solutions, Inc. | Internet | Maynard | MA | 2,860% |
| 16 | Network Engines, Inc. | Computer/Peripherals | Canton | MA | 2,743% |
| 17 | Student Advantage | Internet | Boston | MA | 2,675% |
| 18 | Framework Technologies Corp. | Software | Burlington | MA | 2,670% |
| 19 | ImmunoGen, Inc. | Biotechnology | Cambridge | MA | 2,588% |
| 20 | Aspect Medical Systems, Inc. | Medical/Scientific/Technical | Newton | MA | 2,494% |
| 21 | Pragmatech Software, Inc. | Software | Amherst | NH | 2,127% |
| 22 | Granite Systems, Inc. | Software | Manchester | NH | 2,103% |
| 23 | TECHMAR | Software | Canton | MA | 1,904% |
| 24 | Unica Corporation | Software | Lincoln | MA | 1,879% |
| 25 | CYTYC Corporation | Medical/Scientific/Technical | Boxborough | MA | 1,633% |
| 26 | Eprise Corporation | Software | Framingham | MA | 1,496% |
| 27 | Molecular, Inc. | Internet | Watertown | MA | 1,493% |
| 28 | ProfitLogic | Software | Cambridge | MA | 1,383% |
| 29 | Authoria, Inc. | Software | Waltham | MA | 1,180% |
| 30 | Strafford Technology, Inc. | Software | Windham | NH | 1,053% |
| 31 | Unique Computing Solutions, Inc. | Internet | Framingham | MA | 1,030% |
| 32 | Sapient Corporation | Software | Cambridge | MA | 1,029% |
| 33 | Basis Technology Corporation | Software | Cambridge | MA | 1,005% |
| 34 | I-many, Inc. | Software | Portland | ME | 988% |
| 35 | eCopy, Inc. | Software | Nashua | NH | 945% |
| 36 | Corechange, Inc. | Software | Boston | MA | 939% |
| 37 | Concord Communications, Inc. | Communications/Networking | Marlborough | MA | 916% |
| 38 | Infrasoft Corporation | Software | Beverly | MA | 901% |
| 39 | Sigma Systems, Inc. | Computer/Peripherals | Shrewsbury | MA | 853% |
| 40 | Inverness Medical Technology | Medical/Scientific/Technical | Waltham | MA | 791% |
| 41 | Ptech, Inc. | Software | Quincy | MA | 787% |
| 42 | HCI Systems, Inc. | Software | Kennebunk | ME | 781% |
| 43 | Foliage Software Systems | Software | Burlington | MA | 770% |
| 44 | ArQule, Inc. | Medical/Scientific/Technical | Woburn | MA | 593% |
| 45 | Perseus Development Corp. | Software | Braintree | MA | 573% |
| 46 | AMICAS, Inc. | Medical/Scientific/Technical | Newton | MA | 528% |
| 47 | Millennium Pharmaceuticals, Inc. | Medical/Scientific/Technical | Cambridge | MA | 518% |
| 48 | ACT Manufacturing | Semiconductors/Equipment | Hudson | MA | 507% |
| 49 | Corex Technologies Corp. | Software | Cambridge | MA | 504% |
| 50 | Physiometrix Inc. | Medical/Scientific/Technical | N. Billerica | MA | 496% |
The New England Technology 2001 Rising Stars
| Rank | Company Name | Type of Business | City | State | 3 Yr. % Growth |
| 1 | iBasis, Inc. | Communications/Networking | Burlington | MA | 2,995% |
| 2 | Ektron, Inc. | Software | Amherst | NH | 2,281% |
| 3 | Passkey.com | Software | Quincy | MA | 1,331% |
| 4 | Color Kinetics Incorporated | Other | Boston | MA | 1,295% |
| 5 | Mapletree Networks | Communications/Networking | Norwood | MA | 714% |
| 6 | Telica, Inc. | Other | Marlborough | MA | 700% |
| 7 | Athenium LLC | Software | Weston | MA | 337% |
| 8 | Intellicare | Medical/Scientific/Technical | S. Portland | ME | 310% |
| 9 | Opticom, Inc. | Software | Andover | MA | 299% |
| 10 | Front End Solutions, Inc. | Other | Beverly | MA | 217% |