Acsys wins first Fast 50 Award

Acsys, the e-business development company, has been named to the prestigious Deloitte & Touche and Connecticut Technology Council Fast 50 Program for Connecticut, a listing of the 50 fastest growing technology companies in Connecticut. Rankings are based on five-year percentage revenue growth (1996-2000). These companies, which impact a broad spectrum of industries, are defying conventional wisdom by consistently expanding their revenues over a substantial period of time.

Acsys President Stan Valencis credits the company's focus on building e-business applications that cut costs and grow revenues with the company's significant revenue growth over the past five years. "Since we help organizations make and save money in very significant ways, our clients are moving forward with projects despite the current economic climate," Valencis said.

"In an era when technology companies seem to appear and disappear overnight, making the Deloitte & Touche Fast 50 is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years. Acsys has proven to have the qualifications to succeed, and we at Deloitte & Touche salute its accomplishments," said David Carver, partner-in-charge, Deloitte & Touche Technology and Communications Group, Connecticut.

"Through the Fast 50 program, Deloitte & Touche has been honoring the growth of Connecticut's technology industry for five years," said David Carver, partner-in-charge, Deloitte & Touche Technology and Communications Group, Connecticut. "As competition remains tough, Acsys has proven the ability to sustain its business, and we are happy to support their efforts by recognizing their achievements and continued growth."
"The technology sector continues to transform the Connecticut economy, and will be a primary driver in rejuvenating the marketplace as we move forward," said Michael Theodore, President of the Connecticut Technology Council.

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, must be a public or private technology company headquartered in Connecticut. The Fast 50 defines a "technology company" as a business that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.

Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit Fast 500.

Fast 50 Co-Sponsors

The Connecticut Fast 50 co-sponsors are Deutsche Banc Alex.Brown, MARSH, the NASDAQ-Amex Market Group, Pullman & Comley LLC, and Royal & SunAlliance Insurance.

About Deloitte & Touche

Deloitte & Touche LLP, 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 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. For more information, please visit the Deloitte & Touche web site at www.us.deloitte.com.

About the Connecticut Technology Council

The Connecticut Technology Council is a business association of providers and users of technology, committed to stimulating and facilitating the growth and awareness of technology-based business in Connecticut. CTC is the voice of technology companies in Connecticut and the state's leading advocate for issues affecting the technology sector.