| Press Releases & CTE in the
Media |
Cambridge Technology Enterprises ranks among
fastest-growing technology companies in New England
Company
Receives Award Two Years in a Row |
CAMBRIDGE, Mass. - October 15, 2001
– Cambridge Technology Enterprises (CTE) Inc., has been recognized as part
of the elite "New England Technology Fast 50" for 2001, a repeat
performance from year 2000. The Fast 50 is a ranking of the 50 fastest-growing
technology companies in the area, based on five-year revenue growth (1996-2000).
The program is presented by Deloitte & Touche and Hale and Dorr LLP,
and sponsored by Mazonson, Nasdaq, and Trinity Communications in association
with Mass High Tech, The Journal of New England Technology.
CTE's CFO Krish Nangegadda credits his team’s dedication and hard
work for the company's consistent revenue growth that has won the award
two years in a row. He said, “Making the list in successive years
is a reaffirmation of CTE’s maturity and stability as a technology
company, especially in these times of extreme volatility in the technology
marketplace.”
CTE's revenue growth over the five-year period of 1996 to 2000 resulted
in a ranking of Thirty-One overall in the Fast 50 for New England this year.
CTE ranked at number eighteen in last year’s Fast 50 list.
“Achieving the level of revenue growth it takes
to make the Fast 50 list is an impressive benchmark of success,”
said Steve DiPietro, co-chair of the Fast 50 program and partner in the
Technology and Communications practice at Deloitte & Touche. He added,
"We at Deloitte & Touche commend CTE and its leadership
on this accomplishment."
Now in its fifth year, the New England Technology Fast 50 program has honored
hundreds of local fast-growing technology companies who have made a significant
impact on New England's innovation economy.
To qualify for the 2001 New England Technology Fast 50, a company must have
had revenues of at least $50,000 in 1996; may be public or private; and
must be headquartered in the region. To be considered for an award, the
company must produce technology, manufacture a technology product, be technologically
intensive, use technology in problem-solving, or devote a high percentage
of effort to the research and development of technology.
All nominees of the 22 regional Fast 50 programs in the United States are
automatically entered in the Deloitte & Touche Technology Fast 500 program,
which ranks the top 500 fastest-growing technology companies in North America.
For more information on the Deloitte & Touche Fast 50 or Fast 500 programs,
visit www.fast50.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms,
provides assurance and advisory, tax, and management consulting services
through 30,000 people in more than 100 U.S. cities. The New England Deloitte
& Touche Technology & Communications provides strategic, financial, operational,
and information technology assistance to the region’s technology companies
at every stage of development, from early-stage startups to multi-national
corporations. For further information, visit Deloitte & Touche's website
at www.us.deloitte.com.
About Hale and Dorr LLP
Hale and Dorr LLP is a nationally preeminent high-technology law firm, with
over 460 attorneys and offices in Boston, New York, Princeton, Washington,
D.C., Reston, Va., and Waltham. The firm has a strong reputation for advising
and guiding emerging growth companies, especially those in the software,
telecommunications and biotechnology industries. For further information,
visit Hale and Dorr’s website at www.haledorr.com.
About Mazonson Inc.
Mazonson is a regional insurance brokerage and risk management firm specializing
in developing and implementing risk management and benefits Programs for
high growth companies.
About Nasdaq
The Nasdaq Stock Market lists over 4,300 companies and trades more shares
per day than any other U.S. market. For more information about Nasdaq, visit
the Nasdaq Web site at www.nasdaq.com
or Nasdaq Newsroom at www.nasdaqnews.com.
About Mass High Tech
Mass High Tech, The Journal of New England Technology is a weekly technology
journal serving the executives and management-level engineers of New England’s
innovation and technology industries.
About Trinity Communications
Headquartered in Boston, Trinity Communications (www.trinitynet.com)
provides creative integrated marketing communications services to clients
in the financial, professional services, technology, health care, and community
sectors. Capabilities include collateral systems, advertising, corporate
identity, brand strategy, interactive, public relations, community affairs,
and sales promotion .
About Cambridge Technology Enterprises
Inc.
Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation business
lifecycle solutions provider, has a focus on building and integrating business
applications. CTE’s core competency lies in its collaborative delivery
model, a solution delivery approach that aligns business, technical, and
user stakeholders; includes partner technologies and services as necessary;
and delivers end-to-end solutions on a fixed price and fixed time frame
basis.
CTE’s business model is based on a global delivery model foundation,
which stays close to the customer and yet optimizes the value of the solution
offered.
For more information, please visit www.ctepl.com,
or e-mail us at info@ctepl.com.
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