Six Winners Announced at 2012 Marcum Tech Top 40 Event

HARTFORD, Conn.--(BUSINESS WIRE)--Six winners representing key areas of technology were announced as the fastest growing technology companies in Connecticut at the 2012 Marcum Tech Top 40 awards ceremony on September 27 at the Oakdale Theater in Wallingford. Marcum LLP, one of the nation’s leading accounting and advisory firms, and The Connecticut Technology Council recognized the 40 fastest growing technology companies in Connecticut based on revenue growth over the past four years.

“This group of companies reasserts that Connecticut is home to a deep and strong base of extraordinary technology excellence.”

The overall winner of this year’s Marcum Tech Top 40 is Middlebury-based iSend LLC in the NewMedia/Internet/Telecom category. The company achieved revenue growth of 58,906 percent over the past four years. iSend has become a leading international electronic payment service for people who support family members in various countries, offering online prepaid mobile top-up, international bill payment, and gift card procurement services in retail outlets in the United States, Canada, and the United Kingdom.

The five other category winners were:

RSL Fiber Systems, LLC, East Hartford (Advanced Manufacturing)
FuelCell Energy, LLC, Danbury (Energy/Environmental Technologies)
Datto Inc., Norwalk (IT Services)
Alexion Pharmaceuticals, Inc., Cheshire (Life Sciences)
eVariant, Inc., Simsbury (Software category)

"Category winners of the Marcum Tech Top 40 represent growth, innovation and perseverance – qualities that we believe are essential to fostering economic growth in Connecticut," said, Anthony P. Scillia, Partner-in-Charge of the New England Practice of Marcum LLP. Marcum, which has Connecticut offices in Hartford and New Haven, has been title sponsor of the Tech Top 40 since 2007.

"We are proud to have such an array of strong technology companies on this year’s Marcum Tech Top 40 list,” said Matthew Nemerson, President and CEO of the Connecticut Technology Council. “This group of companies reasserts that Connecticut is home to a deep and strong base of extraordinary technology excellence.”

RSL Fiber Systems, LLC, won the Advanced Manufacturing category for the third consecutive year. The company builds advanced fiber optic-based solutions for the commercial and military lighting sectors.

FuelCell Energy, LLC, which won in the Energy/Environmental Technologies category, put Connecticut on the fuel cell map with its line of fuel cells for commercial, municipal and utility customers.

Software category winner, eVariant, Inc., offers a two-way communication platform for patients, providers and the organizations that support them on HealthConnect, a CRM / PRM solution that integrates healthcare business data across a broad range of systems.

Datto Inc., winner of the IT Services category, provides hardware-based on- and off-site back-up and disaster recovery solutions.

The Life Sciences category winner, Alexion Pharmaceuticals, won as overall winner in 2009 and 2010. The company will be moving its headquarters to New Haven and into a new building in 2015.

Companies considered for the Marcum Tech Top 40 are required to have at least $50,000 in revenue in the first year and $3 Million in revenue in the fourth year.

The 2012 list is made up primarily of privately held companies, but does include 10 public companies. Geographically, both Hartford and Fairfield Counties have 12 Tech Top 40 companies while New Haven County is home to nine.

This year’s sponsors included Comcast, ConnectiCare, Connecticut Innovations, Dsign Digital LLP, One Beacon Insurance Group, the law firm of Pullman & Comley, First Experience Communications, The HB Group, Inc, Robert Half Technology, TriNet HR Corporation, Webster Bank and Wellstone Insurance.

2012 Marcum Tech Top 40 Companies by Industry Category

Advanced Manufacturing
APS Technology, Inc., Wallingford
Dymax Corporation, Torrington
EDAC Technologies Corp., Farmington
Foster Corporation, Putnam
Reflexite Corporation, Avon
RSL Fiber Systems, LLC, East Hartford

Energy/Environment/Green Technology
FuelCell Energy, Inc., Danbury
Precision Combustion Inc, North Haven
Proton OnSite, Wallingford
STR Holdings, Inc., Enfield

IT Services
Cervalis LLC, Shelton
Datto Inc., Norwalk
OpenSky Corporation, Tolland
PCNet, Inc., Trumbull
Systems Integration Inc., Wethersfield
VLink Inc, Hartford

Life Sciences
Alexion Pharmaceuticals, Inc., Cheshire
Bio-Med Devices, Inc., Guilford
Defibtech, LLC, Guilford
Metrum Research Group, LLC, Tariffville

New Media/Internet/Telecom
EasySeat, LLC, Plainville
HealthPlanOne LLC, Shelton
iSend, LLC, Middlebury
JobTarget, LLC, New London
M2 Media Group, Stamford
Priceline.com, Inc., Norwalk
TicketNetwork, South Windsor
WebMediaBrands, Inc., Norwalk

Software
Adeptra, Inc., Norwalk
Core Informatics, LLC, Branford
ePath Learning, Inc., New London
eVariant, Inc., Simsbury
Evolution1, Inc, Avon
FitLinxx, Inc., Shelton
Higher One, Inc., New Haven
PASSUR Aerospace, Inc., Stamford
Prometheus Research, LLC, New Haven
SS&C Technologies Holdings Inc, Windsor
Tangoe, Inc, Orange
Triple Point Technology, Westport

The Connecticut Technology Council is a statewide association of technology-oriented companies and institutions, providing leadership in policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, CTC provides a strong, urgent voice to support creating a culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability, on-going support and mentoring to high potential firms. For more information, visit www.ct.org.

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked among the top 15 firms by Inside Public Accounting and Accounting Today, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 23 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman, China, Hong Kong and Shanghai. Headquartered in New York City, the Firm's presence runs deep, with full-service offices strategically located in major business markets. Marcum is a member of the Marcum Group (marcumgroup.com), the gateway to a group of organizations that provide a variety of professional services including accounting and advisory, technology solutions, recruiting, and wealth management. These organizations include Marcum LLP; Marcum Technology LLC; MarcumBuchanan Associates LLC; Marcum Search LLC; Marcum Financial Services LLC; Marcum Cronus Partners LLC; and Marcum Bernstein & Pinchuk LLP.