OCTAGON RESESARCH SOLUTIONS NAMED TO DELOITTE TECHNOLOGY FAST 500
KING OF PRUSSIA, PA - October 22, 2004 - Octagon Research Solutions, the leader in the electronic transformation of clinical R&D, today announced it ranked number 57 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1999-2003. Octagon grew 4,372 percent during this period.
"This is an extremely exciting time at Octagon," said James C.Walker, President and CEO. "All the hard work and effort that our team puts in on a daily basis is being recognized on a national level. It is a tribute to their persistent dedication and commitment as we continue to develop cost-effective solutions for the pharmaceutical and biotechnology sector."
In addition to ranking on the Deloitte Technology Fast 500, Octagon ranked Number3 onthe DelawareValleyTechnologyFast 50, which is a ranking of the 50 fastest growing technology firms in that region.
Octagon Research Solutions provides regulatory, clinical information management, process and information technology solutions to the life sciences industry, helping pharmaceutical and biotechnology companies streamline the clinical R&D process. The Company offers a seamless, fully integrated approach to managing the submission process from the beginning of a clinical trial to the submission of data to health authorities.
"Growing the top line enough to make the Deloitte TechnologyFast500 isespeciallymeaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Octagon Research Solutions on becoming one of the 500 fastest growing technology companies in North America."
Overall, companies that ranked on the 2004 TechnologyFast500 had growthrates ranging from 329 to 437,115 percent over five years, with an average growth rate of 4,109 percent.
About Octagon Research Solutions, Inc.
Octagon is a leading process-centric solutions provider that offers a suite of regulatory, clinical, process and IT solutions to the life sciences industry. Octagon synchronizes processes and increases automation to reduce island-to-island inefficiencies within the clinical research and development process. We leverage the power of electronic submissions through cross-functional eSub expertise, a holistic process approach, deep domain knowledge and creative use of technology. Octagon is headquartered in King of Prussia, PA, with an office in Boston, MA. For more information please visit www.octagonresearch.com.
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