Publications & News

New England Technology Fast 50

October 24, 2001

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%