Eight CT Companies Among the Fastest Growing Tech Companies in North America
/The Technology Fast 500 is a closely watched annual listing of the fast-growing tech companies, businesses that are releasing new, emerging technologies from the U.S. and Canada worldwide. The latest ranking includes eight Connecticut companies, including one, operating in Stamford, that reached the top 100.
Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies—large and small, public and private—are located in cities all across North America and are “disrupting the technology industry,” according to consulting firm Deloitte, which has compiled the annual list for two decades.
Fast 500 award winners on the current list were selected based on percentage fiscal year revenue growth during the period from 2011 to 2014. Companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues in order to be considered for inclusion on the list, according to Deloitte.
The lone Connecticut company to crack the top 100 was Milford medical device manufacturer SurgiQuest, which was number 100. The company’s growth was pegged at 877 percent. It was incorporated in 2006, with a focus on laproscopy technology.
Not far behind, at number 119, was Revolution Lighting Technologies, a manufacturer based in Stamford. The analysis placed the company’s growth at 755 percent. Revolution Lighting Technologies Inc. engages in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions in the United States, Canada, and internationally. The company’s customers include the U.S. military.

Madison-based Clarity Software Solutions, Inc., with 298 percent growth, placed at number 247 on the top 500 fastest growing technology companies in North America. Clarity Software Solutions, Inc. helps health insurance clients optimize customer relationships-and save time and money-by enhancing flexibility and control over document management and communications delivery, according to the company’s website.
Also making the list were Evariant of Farmington, a software developer, at number 272, and HP One, a software company in Trumbull at number 307. Biopharmaceutical company Alexion, in the midst of moving its headquarters from Cheshire to New Haven, was ranked at number 349, and etouches, a Norwalk software company ranked at number 357. Rounding out the Connecticut companies on the list is Wallingford oil extraction technology company APS Tecnhology, at number 466.
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement th
rough technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and US technology, media, and telecommunications leader.
“It is inspiring to witness the innovative ways companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on the Fast 500 and look forward to seeing their continued growth into 2016.”
Revolution Lighting Technologies ranked eighth among energy tech companies, and SurgiQuest Inc. ranked sixth among medical device companies.
Overall, 283 of the 500 companies were in the software sector, and 67 percent of the 500 companies have received venture capital funding at some point in their company’s history. Topping the list was StartApp, with a growth rate of 21,984 percent from 2011 to 2014. Based in New York and founded in 2010, StartApp provides a free monetization and distribution platform that integrates with applications on mobile devices.
Two-thirds of the companies are private, and 33 percent are public. The average growth rate of the top 500 companies was 850 percent, with individual company growth on the list ranging from 21,984 percent to 109 percent. Broken down by region, 20 percent of the companies are based in the San Francisco Bay Area, 14 percent in the New York Metro Area, 7 percent in New England, and 6 percent in Los Angeles and Washington, D.C.







The first TAP pathway—Biology—was approved by the Board of Regents last month, “after careful review by TAP's Framework Implementation and Review Committee (FIRC) and curriculum committees on all 17 CSCU campuses.” Additional pathways are slated to be determined beginning next month, with a total of 11 initially to be selected. Possible subject areas include history, chemistry, communication, criminology, English, math, political science, psychology, social work and sociology, according to the state Board of Regents 
The study also found that “the student demographics at community colleges appear to matter less than how the colleges serve students aiming to transfer. Regardless of whether they are rural or urban, or serving mostly lower or higher income students, community colleges can boost the transfer success of their students by looking to better performing schools to inform their practices.”




Since entering the Connecticut market in the summer of 2014, the company has been aggressively growing its customer base in a competitive market while working diligently to grow and expand its network of doctors. Harvard Pilgrim Health Care announced recently that its Connecticut membership has grown to more than 24,000, exceeding expectations for 2015. It now serves more than 800 Connecticut businesses. Twenty-nine of the state’s 30 hospitals are now in-network.
With more than 500 business leaders in attendance at an annual Economic Summit & Outlook last week, brought together by the Connecticut Business and Industry Association and MetroHartford Alliance, Schmitt spent some time touting a new model launched in the state of New Hampshire that he believes may be a glimpse into the direction the industry is moving. Harvard Pilgrim Health Care’s footprint in New England now covers “where 90 percent of New Englanders live,” in Massachusetts, Connecticut, Maine and New Hampshire. 
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nd compliance efforts, earned 3 points out of 4 for its combined heat and power policies and programs, 5.5 out of 7 points for state-led energy efficiency initiatives, and 1 point out of 2 for appliance standards.
olar power in Connecticut has grown 221 percent per Capita since 2012, ranking the state 13th in the nation, the report points out. The top solar growth states in the nation, like Connecticut, have adopted renewable energy requirements, strong laws allowing solar customers to sell their excess power to the electric grid, and other policies encouraging growth of the industry, the report indicates. The industry is also adding jobs much faster than the overall economy, employing 1,600 people in Connecticut last year, according to
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Diane Brown is branch manager of the New Haven Free Public Library’s Stetson Branch. Known as the “urban librarian” to her patrons, Brown develops valuable programs and services to meet the needs of the underserved residents in a community with high rates of poverty, crime and low literacy levels. Under Brown’s leadership, the library has been transformed into a true community center. She brings residents together by hosting cultural and educational events such as an international “pop up” festival, art exhibits, lectures and health fairs, according to officials. She has been praised for facilitating an afterschool tutoring program for K-8 students and providing opportunities for children and their families to spend time together by establishing history and game nights.
Elizabeth G. Rumery, library director for the Avery Point Campus Library at the University of Connecticut in Groton, has “transformed the library into a welcoming and dynamic place for students by modernizing the facility to meet the needs of 21st century learners.” Officials indicate that she worked with contractors and school administrators on renovating the library, with improvements including new media rooms and collaborative study spaces for students and faculty.
The librarians join “an esteemed group of award recipients who are recognized as being catalysts for powerful individual and community change.” Only 80 librarians have received the national award since its inception in 2008, including six from Connecticut. In 2012, the recipients were Rachel Hyland, Tunxis Community College Library in Farmington, and Rae Anne Locke, Saugatuck Elementary "Secret Garden" Library in Westport. The 2011 winners included Jennifer O. Keohane, The Simsbury Public Library and Michelle Luhtala, New Canaan High School Library.
The news came just weeks after it was announced that Laurencin is the recipient of the 2016 Founders Award, the highest honor of The Society For Biomaterials. He will be honored at the 2016 World Biomaterials Congress in Montreal, Canada on May 18, 2016.