Baltimore, MD (PRWEB) October 11, 2007
Barcoding, Inc. today announced that it ranked Number 33 on Deloitte's 2006 Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on percentage revenue growth over five years, from 2002-2006.
Barcoding, Inc.'s CEO, Jay Steinmetz credits a refined and dedicated sales team with the company's 159% revenue growth over the past five years. Steinmetz stated, "Our sales department has become more experienced and efficient, while continuing to provide outstanding customer service. This has resulted in consistent, remarkable growth. We're honored to yet again be named to the Deloitte Fast 50 in Maryland."
To qualify for the Technology Fast 50 in Maryland, companies must have base-year operating revenues of at least $50,000 in 2002, and current year operating revenues of at least $5 million, be headquartered in North America, and own proprietary technology or intellectual property that contributes to a significant portion of the company's operating revenues. Companies can also allocate a significant percentage of revenues to the research and development of technology, but using other companies' technology or intellectual property in a unique way does not qualify.
"Sophisticated technology is becoming the norm and is in almost everything in the 21st century," said Tony Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Barcoding, Inc. has developed technology solutions that deliver in today's highly competitive world, and we applaud their efforts, ingenuity and teamwork in becoming one of the fastest growing technology companies in North America."
Winners of the 16 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, media, telecommunications and life sciences companies. In addition to ranking on Deloitte's Technology Fast 500, Barcoding, Inc. has continuously ranked in the Maryland Technology Fast 50 since 2003.
About Barcoding Inc.:
Barcoding Inc. helps business and government organizations deploy supply chain technology, including bar code scanners, wireless terminals, mobile computers, RFID systems, and related software. Clients include manufacturing, distribution, healthcare and warehousing companies, and many state, local, and federal agencies. Based in Baltimore, Maryland, Barcoding has North American offices in Virginia, Pennsylvania, Georgia, Florida, Massachusetts, North Carolina, Texas, Colorado, Connecticut, Michigan, and Illinois. European sales and customer service are handled through an office in the Netherlands.
Please visit http://www.barcoding.com for additional information or contact Jon Stroz, Director of Marketing, at 888.860.SCAN (7226) x 121
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For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com.