News

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

October 6, 2005

BRANFORD, Conn. - Netkey Inc. has been named to Deloitte's prestigious Technology Fast 50 Program for Connecticut, a ranking of the 50 fastest growing technology companies in the area, according to a news release. Rankings are based on the percentage revenue growth over five years from 2000-2004.

"We're pleased to again be recognized by Deloitte as one of the fastest-growing technology companies in Connecticut," said V. Miller Newton, chief executive officer of Netkey. "We attribute our success to the efforts of our employees, the support of our customers, investors and partners, and the proven returns offered by our self-service kiosk solutions."

"Deloitte's Connecticut Technology Fast 50 companies have shown the strength, vision and creativity to succeed in today's very competitive technology environment," said Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50. "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."

The average increase in revenues among companies who made the Technology Fast 50 for this region was 36 percent.

To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Connecticut, and 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.