KING OF PRUSSIA, PA—November 6, 2008—Maxwell Systems, Inc. has been named to Deloitte’s prestigious Fast 50 Program for Greater Philadelphia, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003–2007.
Maxwell Systems President & CEO
Jim Flynn credits product development and customer commitmentwith the company’s 229 percent revenue growth from 2003–2007. Flynn said,
“Our suite of technology solutions has been in continual development for more than 30 years and is the foundation of our company. Remaining focused on developing solutions that specifically meet the business management needs of the construction industry has enabled us to build solid products and grow our base of customers. We attribute our strong commitment to helping contractors leverage technology to streamline their processes and improve their profitability to our own success.”
“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Maxwell Systemsfor making the commitment to technology and delivering on the promise of market longevity. We are proud to name Maxwell Systemsto Deloitte’s Fast 50,” said Michael J. Purcell, Greater Philadelphia Marketplace Technology, Media, and Telecommunications Leader, Deloitte & Touche LLP.
The Greater Philadelphia Fast 50 program is presented by Deloitte and sponsored by Fragomen, Del Rey, Bernsen & Loewy, LLP, The Judge Group, and UK Trade & Investment.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
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