Charles River Development says it has ranked Number 290 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.
Rankings are based on percentage revenue growth over five years, from 1999-2003. Charles River grew 691 percent during this period and moved up seven spots in the rankings since last year. Charles River previously ranked 297 on the 2003 Deloitte Technology Fast 500.
“Making the Deloitte Technology Fast 500 is a testament to a company’s commitment to technology,” says Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “In addition, attracting enough customers to maintain triple digit growth over five years makes a strong statement about the quality of a company’s product and its leadership. With its 691% growth rate over five years, Charles River has proven that its leadership has the vision and determination to grow in difficult conditions.”
In addition to ranking on the Deloitte Technology Fast 500, Charles River ranked 24th on the 2004 New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New England. Overall, companies that ranked on the 2004 Technology Fast 500 had growth rates ranging from 329 to 437,115 percent over five years, with an average growth rate of 4,109 percent.