OCTAGON RESEARCH SOLUTIONS NAMED ONE OF THE DELAWARE VALLEY'S FASTEST GROWING TECHNOLOGY COMPANIES IN DELOITTE TECHNOLOGY FAST 500 PROGRAM
KING OF PRUSSIA, PA - September 23, 2004 - Octagon Research Solutions, the leader in the electronic transformation of clinical R&D, has been named to Deloitte's prestigious Technology Fast 50 program for the Delaware Valley, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003. PR Newswire is the official media partner for this year's Delaware Valley Technology Fast 50 program.
Octagon Research Solutions' increase in revenues of 4,372% from 1999 to 2003 resulted in a ranking of number 3 in the Fast 50 for the Delaware Valley.
"The Deloitte Delaware Valley Technology Fast 50 companies have shown the strength, vision, and temerity to succeed despite a very challenging technology environment," said Michael J. Purcell of Deloitte's Technology, Media & Telecommunications Practice. "We applaud the successes of Octagon Research Solutions and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years."
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.
"To be named to the Technology Fast 50 for the second consecutive year is truly a great honor," said James C. Walker, president and CEO of Octagon Research Solutions. "This distinction and our continued successes validate our holistic approach to the evolving needs of the pharmaceutical and biotechnology sector."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com.
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.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche had been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us.
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