Internet Commerce Corporation Tops Deloitte & Touche USA LLPs New York Technology Fast 50 Ranking

Friday 29 October 2004 10:26 CET | News

Internet Commerce, a New York City-based company that provides Internet-based e-commerce solutions for the business-to-business marketplace, is the fastest-growing technology company in New York City, Rockland and Westchester Counties with a 11,408 percent growth in revenue over five years, according to Deloitte & Touche USA LLPs sixth annual New York Technology Fast 50 rankings.

Internet Commerce Corporation, which last appeared on the New York Technology Fast 50 rankings in 2001, leads a 2004 field comprised of both public and private technology companies in the area; median revenue growth for the winners was 250 percent in fiscal year revenues from 1999 to 2003. The rankings were announced last Wednesday night (October 20) at the Ritz-Carlton New York, with Wall Street veteran Stephen Waite -- now co-founder and chief investment officer of global investment management firm Hedge Capital Partners LLC -- delivering a keynote speech. Waite is also the author of the book Quantum Investing. Almost half (44 percent, or 22 companies) of the winners come from the software industry, while the life sciences industry was able to garner 10 companies on the Fast 50 list. Additionally, 8 came from the Internet sector.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce