Connecticut's Top 40 Technology Companies Earn Recognition for Growth

Connecticut's fastest growing technology company didn't exist a decade ago. The overall 2015 winner in the annual tech competition is New Haven-based Continuity, a software provider that delivers technology solutions that automate compliance management for financial institutions. Continuity led this year's companies with revenue growth of 1,142 percent since 2011. The relatively young company was founded in 2007 and is led by Andrew Greenawalt, its CEO and co-founder. The winners of the 2015 Marcum Tech Top 40, an annual awards program recognizing the fastest growing technology companies in Connecticut, were announced this month by Marcum LLP and the Connecticut Technology Council. Other 2015 category winners are: ContinuityLogo

Revolution Lighting Technologies Inc., Stamford (Advanced Manufacturing)
FuelCell Energy, Inc., Danbury (Energy/Environmental Technologies)
Alexion Pharmaceuticals, Inc., Cheshire (Life Sciences)
iSend, LLC, Middlebury (New Media/Internet/Telecom)
Datto, Inc., Norwalk (IT Services)

state-tech The Marcum Tech Top 40, now in its 8^th year, recognizes technology companies with at least $3 million in annual revenue and a four-year record of growth, in six industry sectors. Both privately held and publicly traded companies are eligible. This year, 14 were publicly traded; 26 were privately held.

Some of the companies named are familiar to state residents or the state's business community, others are less widely known. Many are within just a handful of years from launch, others are longstanding industry leaders. For top-ranked Continuity, it is Greenawalt's second go-around with a Tech Top 40 company, having been a founder of 2008-2011 finalist Perimeter eSecurity (now SilverSky).

"The annual Marcum Tech Top 40 is a highlight of the year for our national High Technology Services Group and our New England region, in particular," said Anthony P. Scillia, partner-in-charge, Marcum New England. "As always, the technology companies being honored this year are true innovators that provide a model of business success in an increasingly complex market environment. Marcum is extremely proud to partner with the Connecticut Technology Council on this outstanding program and enthusiastically congratulates all the finalists and category winners." connecticut-technology-council

"Technology companies are challenged by a shared set of obstacles ranging from capital-raising and complex revenue reporting to intellectual property management and international expansion. The 2015 Marcum Tech Top 40 finalists and winners are best-in-class by all of these measures," said Michael Brooder, partner-in-charge of Marcum's Hartford office.

New Haven and Fairfield counties appear to be the state's center-of-the-tech universe, as each county had 14 winners; Hartford County had eight and Litchfield, Middlesex and New London counties had one each. (One company withdrew during the selection process.)

Bruce Carlson, CTC's President & CEO, said, "Each year, at the Marcum Tech Top 40 event we are reminded that technology companies are thriving in Connecticut. We need to support these companies and the others that are in the growth pipeline in order for Connecticut to achieve the job creation and economic growth we are all striving for. The CTC will continue to advocate for policies and programs that will help our technology community."

2015 Marcum Tech Top 40 Companies by Industry Category (Company Name, Category, City)