CNSI Ranked 484th Fastest Growing Technology Company in North America on the 2004 Deloitte Technology Fast 500
November 1, 2004
Categories: Press Releases
ROCKVILLE, MD — CNSI, a fast growing, innovative provider of IT business solutions for government and commercial enterprises, today announced that it ranked number 484 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. CNSI grew 338 percent during this period.CNSI’s President, Mr. B.
ROCKVILLE, MD — CNSI, a fast growing, innovative provider of IT business solutions for government and commercial enterprises, today announced that it ranked number 484 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. CNSI grew 338 percent during this period.CNSI’s President, Mr. B. Chatterjee, credits its strong management and technical teams and its relationship with its customers with the company’s 338% revenue growth over the past five years. He said, “”Making the Deloitte Technology Fast 500 is a testament to our staff’s commitment to our customers and our technology. We are very proud of this accomplishment.””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, ” said Mark Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “CNSI has shown the right stuff for growth.”CNSI previously ranked 414 and 445 on the 2001 and 2003, respectively.In addition to ranking on the Deloitte Technology Fast 500, CNSI ranked 22nd on the Maryland Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the State of Maryland.
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.Fast 500 Selection and QualificationsThe Fast 500 list is compiled from Deloitte’s 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50, 000 USD and $75, 000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD. Entrants must also be public or private companies headquartered in North America and must be a “technology company, ” defined as a company that owns proprietary technology 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 in a unique way does not qualify.
Founded in April 1994, CNSI is an employee owned, 8(a) certified company that offers IT business solutions to meet customer requirements worldwide. CNSI is committed to excellence, with total customer satisfaction the primary motivator for its day-to-day operations. CNSI serves a diverse range of government and commercial clients, and offers the technology and resource expertise to reduce costs and improve the productivity of client IT systems. CNSI’s corporate mission is to be a premier provider of the highest quality networking and system solutions, and to address and support the technological business concerns of its customers. For more information, visit http://www.cns-inc.com.
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