Market Technologies Ranks 25th in the Tampa Bay Fast Fifty
Company News and Press Releases
Market Technologies Ranks 25th in Tampa Bay Fast Fifty Competition
Wesley Chapel, FL, July 27, 2007 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-owned, Inc. 500, trading software firm, was honored this afternoon at the prestigious annual Tampa Bay Business Journal Fast Fifty awards luncheon held in Tampa, Florida. The Fast Fifty is a ranking of the region’s 50 fastest growing privately-owned companies, based on percentage growth in revenue over a three-year period. The Tampa Bay region comprises seven counties, including the metropolitan cities of Tampa, St. Petersburg and Clearwater, Florida.
A large turnout of more than 400 attended the luncheon along with Mr. Mendelsohn and his wife, Illyce. This year’s competition gave recognition to the most outstanding private companies in Tampa Bay based on their revenue growth from 2004 to 2006. The presenting sponsors of this year’s competition included Kirkland, Russ, Murphy & Tapp, Certified Public Accountants, and Shumaker, Loop & Kendrick, LLP, Attorneys at law. During the awards ceremony following the luncheon it was announced that Market Technologies ranked 25 in the competition with a three-year growth in revenue of more than 75%.
Alexis Muellner, Editor of the Tampa Bay Business Journal, offered his personal congratulations to Mr. Mendelsohn after Market Technologies’ ranking was announced. According to Mr. Muellner “It takes a special chemistry in business to foster consistent performance, where success becomes expected, where goals keep getting met, and then ratcheted higher and met again. For those businesses on the fast track, it’s likely because the right managers are on the job, strategic planning is well-executed, employees understand their mission and their duties and deliver, and the market obliges”.
“The history of Market Technologies is an incredible success-story, starting in the late 1970s when Mr. Mendelsohn pioneered personal computer trading software for the financial markets”, said Bill Lauby, Market Technologies’ Chief Financial Officer. “Now, nearly thirty years later, Market Technologies continue to stay at the forefront of trading software development and maintain its leadership position in the application of intermarket analysis to global market trend forecasting”.
“Winning the Tampa Bay Fast Fifty award, as with so many of the other accolades that the company continues to receive, is a testament to Mr. Mendelsohn’s vision to make Market Technologies a truly ‘World Class company’. Market Technologies has a unique position as a Fast Fifty winner in Tampa Bay in that nearly all of its revenue comes from outside of the Bay area, including a considerable percentage coming from outside the United States. This makes Market Technologies a tremendous asset to the Bay area’s and particularly to Pasco County’s economy.”
About Market Technologies Headquartered in Tampa Bay since its founding in 1979 by Louis B. Mendelsohn, with trading software customers worldwide, Market Technologies is an Inc. 500 company and recognized world leader in the application of personal computers to the financial markets. Market Technologies licenses its trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket data. Its flagship product, VantagePoint Intermarket Analysis Software, forecasts more than 200 global markets, including stocks, stock indexes, ETFs, energies, interest rates, currencies, metals, grains, meats, softs and Forex.