CTE Press Releases

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 LLPHale 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 .