In Pictures: Top 10 Fastest-Growing Tech Companies
America's Fastest-Growing Tech Companies
Every year Forbes ranks the fastest-growing technology companies. We use the following criteria to rank our list: Companies need to have minimum sales of $25 million and a sales growth of at least 10% over the latest 12 months. Also, median three- to five-year earnings-per-share growth estimates needed to be in double-digit territory. Finally, companies were ranked on their five-year annualized sales growth, which can be no less than 10%. Here are the top 10 companies in the Forbes Fast Tech 25 list.
No. 1: First Solar
Founded in 1999, First Solar has been a leading manufacturer of the thin film solar panels used to convert sunlight into electricity. The company was the first to bring manufacturing costs below $1 per watt, which puts the price of solar energy in line with conventionally produced power.
No. 2: Neutral Tandem
Chicago-based Neutral Tandem is a telecommunications company that offers voice, data and video services. Tandem switches allow wireless, wired, cable and broadband providers to exchange traffic among their networks. The company works with most major wireless, cable and broadband carriers in the U.S.
No. 3: Riverbed Technology
The company's motto, "Think fast," succinctly describes its role in the computer communications business. Through its Steelhead-branded appliances and embedded Riverbed Optimization System (RiOS) software, the company is able to improve the speed with which business customers can access data and applications across wide area networks (WANs). Not anchored by wires, Riverbed also offers customers cloud computing for commercial enterprise and the government.
No. 4: Illumina
Illumina develops and makes equipment and software for genetic analysis, such as DNA sequencing and gene expression. Scientists at universities, government agencies and pharmaceutical and biotechnology companies use Illumina's equipment for disease research, drug development and the development of clinical tests.
No. 5: Cavium Networks
Cavium Networks supplies integrated semiconductor products for use with intelligent networking, communications, storage, video and security applications. Its products are found in a variety of networking equipment, such as routers, switches, 3G access and aggregation devices and servers
No. 6: ViroPharma
ViroPharma is a pharmaceutical company that develops drugs for diseases which have few treatment options for patients. The company currently offers two products; Vanocin, an antibiotic used when other antibiotics have failed, and Cinryze, a treatment for the autosomal disease Hereditary Angioedema.
No. 7: Rackspace Hosting
Rackspace Hosting offers Web-hosting services to businesses of all sizes around the world. In addition to hosting, the company has divisions devoted to cloud computing and e-mail & apps.
No. 8: Salesforce.com
Salesforce.com is an enterprise cloud computing company focused on business software. Headquartered in San Francisco, the company is known for its customer relationship management (known as CRM) products. These help businesses manage and organize their relationships with customers and clients
No. 9: Celgene
Celgene is a biopharmaceutical company that engages in the discovery and development of therapies for cancer and immunological diseases. One notable product is Thalomid (Thalidomide), a drug that was linked decades ago to birth defects, but which is now used for the treatment of an inflammatory complication of leprosy. Thalomid received Food and Drug Administration approval in May 2006 for use in the treatment of newly diagnosed multiple myeloma.
No. 10: Solar Winds
Solar Winds has nothing to do with the growing alternate energy industry. Instead, the company concerns itself with network, applications and storage management software. Customers can download software that will help maintain and monitor their IT networks.
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