News

Netkey named one of Connecticut's fastest-growing tech companies

October 12, 2006

BRANFORD, Conn. -- Netkey Inc. has been named to Deloitte & Touche's Technology Fast 50 Program for the Connecticut region, a ranking by Deloitte & Touche USA LLP of the 50 fastest-growing technology companies in the area. Rankings are based on the percentage revenue growth over five years from 2001–2005.

"We're pleased to be recognized by Deloitte for the third year," said V. Miller Newton, chief executive of Netkey. "This honor validates Netkey's mission of providing businesses worldwide with the software and services they need to deliver successful kiosk and digital-merchandising initiatives. We attribute our success to the hard work of our employees and the support of our customers, investors and partners."

The average revenue increase among companies that made the Connecticut list was 51 percent.

To qualify companies must have had operating revenue of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Connecticut, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenue. Companies also may devote significant proportions of their revenue to technology research and development.

"We applaud the successes of Netkey and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years," ," said Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50.

Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are eligible to be entered into the Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology, media, telecommunications and life sciences.