Market Technologies Ranks 25th in the Tampa Bay Technology Fast 50
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Market Technologies Ranks 25th in Tampa Bay Technology Fast 50 Competition
Wesley Chapel, FL, September 19, 2000 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-owned investment software firm, was honored this evening for the third year in a row at the prestigious annual Tampa Bay Technology Fast 50 awards banquet held at the Tampa Bay Convention Center. A large turnout – well in excess of 660 – attended the awards banquet, which caps the search to recognize outstanding companies that are helping Tampa Bay gain an identity as a homebase for technology businesses.
Annual Fast 50 competitions, sponsored by the Big Five accounting firm of Deloitte & Touche LLP, are held in the United States, England, and Canada. This year Market Technologies ranked 25th in the Tampa Bay competition. Other companies among the 2000 Tampa Bay Technology Fast 50 winners include: Intermedia Communications, Jabil Circuit, Inc., Sykes Enterprises, Inc., and Tech Data Corp. The Tampa Bay Technology Fast 50 is a ranking of the region’s 50 fastest growing technology companies, both public and private, out of more than 3,000 technology-related firms in the region, based on percentage growth in revenue over a five-year period. The Tampa Bay region comprises seven counties, including the metropolitan cities of Tampa, St. Petersburg and Clearwater, Florida. Collectively, the 2000 Fast 50 winners represent $17 billion in revenues and an average growth rate of 596 percent.
According to Roger Nanney, Managing Partner, Deloitte & Touche, Tampa “Today, there are more than 22,000 high technology companies in the United States, many of whom are competing for the same markets here in the states and worldwide. The Fast 50 winners for the Tampa Bay area have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend Market Technologies for having the vision and determination to become one of the fastest growing technology companies in the Tampa Bay area.”
As a winner of the Tampa Bay Fast 50 competition, Market Technology has been nominated by Deloitte & Touche for consideration in its 2000 National Technology Fast 500 Technology competition which ranks the 500 fastest growing technology companies in the United States.
Market Technologies is a world pioneer in technical analysis software. Headquartered in Tampa Bay since it was founded in 1979 by Mr. Mendelsohn, with customers in more than thirty countries worldwide, Market Technologies develops proprietary trend forecasting and market timing technologies that utilizes intermarket analysis to predict various financial markets, including interest rates, stock indices, currencies, and the energy complex.