Nerac's President Kevin Bouley credits his determined staff and growing client base with the company's revenue growth of greater than 56 percent from 1998-2002. He said, "We are really excited to once again make Connecticut's Fast 50 program. With a 37-year history and steady revenue growth, Nerac's success is the result of the technology industry's essential need for reliable information. We are fortunate to achieve our success by helping foster the research and development activities of over 5,100 companies."
Increase in revenues of 56+ percent from 1998 to 2002 assisted in Nerac's repeat appearance in the Connecticut Fast 50. This year's winners averaged 172 percent growth, representing a total of $3.1 billion in revenues, over the five-year period 1998 to 2002, to the Connecticut economy.
"In today's economy, double-digit percentage revenue growth is an exceptional accomplishment. We commend Nerac for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Nerac as a Deloitte Connecticut Technology Fast 50 winner."
To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, 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.