ActioNet, Inc. today announced that it ranked #87 on the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1998-2002. ActioNet grew 4406 percent during this period.
ActioNet’s CEO, Ashley Chen, credits our strong focus on customer service and constantly exceeding expectations with the company’s 4406% revenue growth over the past five years. Chen said, “As a small business, we go the extra mile to get the job done. Our foundation is the quality of our people and the commitment they bring to our organization and to our customers.”
“Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector,” said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “We congratulate ActioNet on becoming one of the 500 fastest growing technology companies in North America.”
In addition to ranking on the Deloitte Technology Fast 500, ActioNet ranked #5 on the Virginia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Virginia.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.
About ActioNet, Inc.
ActioNet, Inc., headquartered in Vienna, Virginia, is a CMMI-DEV Level 4 and CMMI-SVC Level 4, ISO 20000, ISO 27001, ISO 9001, HDI-certified, woman-owned IT Solutions Provider with strong qualifications and expertise in Cloud-based Solutions, Cyber Security and Agile Software Engineering. As a Mission-Focused, Client-Centric and Results Driven organization, ActioNet also follows the Project Management Institute (PMI) methodology as well as Information Technology Infrastructure Library (ITIL) standards. ActioNet has outstanding financial performance, as evidenced by our “Exceeds Customer Expectations” and the highest 5A1 Financial Rating from Dun & Bradstreet, a 92 out of 100 rating from Open Ratings, the 2014 National Capital Corporate Growth Award by the Association for Corporate Growth (ACG), and Washington Technology Top 100 2012-2019. ActioNet’s human capital leadership is recognized by being designated one of the Best Workplaces for Commuters by the Fairfax County Department of Transportation (FCDOT) 2013-2017 and Washington Post Top Workplaces 2014- 2020. For more information, please visit our web site at www.actionet.com.
Ashley W. Chen, ActioNet, Inc., 703-204-0090 Ext. 108, [email protected].
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