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Deloitte & Touche announced on August 16, 2001 the 2001 Fast 50, a ranking of the fastest growing technology companies in New Jersey based on five-year percentage revenue growth.
Basic Commerce and Industries, Inc. (BCI) increase in revenues of 250 percent over the five-year period of 1996-2000 resulted in a 46th ranking overall in the Fast 50 for New Jersey. The average increase in revenues among companies who made the Fast 50 for this region was 667 percent.
To qualify for the Fast 50, companies must have operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, must be a public or private technology company headquartered in New Jersey. The Fast 50 defines a "technology company" as a business that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.
Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 Program, which rank's the nation's top 500 fastest growing technology companies.
"Through the Fast 50 program, Deloitte & Touche has been following the growth of New Jersey's technology industry for eight years," said Ray Lewis, Deloitte & Touche Partner, Technology and Communications. "As competition remains tough for these companies, BCI has proven to sustain its business and we are happy to support their efforts by recognizing their achievements and continued growth."
BCI has been named on Deloitte & Touche Fast 50 for New Jersey in 1999, 2000, 2001 and 2003.
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