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TECHNOLOGY INDUSTRY NEWS
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16 O.C. firms make Technology Fast 500 list

Deloitte's annual program ranks companies based on five-year revenue growth.

By Kristen SchottPublished: October 21, 2010 09:58 AM

Sixteen Orange County firms were named among Deloitte's Technology Fast 500, up from 12 in the prior year's program.

Tustin-based Radient Pharmaceuticals, which landed at No. 12, led the local companies with 12,669 percent revenue growth between 2005-2009.

Deloitte's annual program ranks companies in the technology, media, telecommunications, life-sciences and clean-tech industries across North America based on revenue growth over a five-year period.

This year, the biotechnology and pharmaceutical sector dominated the local ranking, with five O.C. companies on the list. For the larger program, software firms held strong for the 13th consecutive year.

Additionally, two local companies placed in the top 50 – Radient and Irvine-based Spectrum Pharmaceuticals, which came in at No. 23. The company reported revenue growth of 6,490 percent.

The fastest-growing firm in North America is Maryland-based Hughes Communications Inc. The communications and networking firm achieved 164,079 percent growth between 2005 and 2009.

"We congratulate the 2010 Deloitte Technology Fast 500 on this impressive achievement," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media & telecommunications leader. "Established sectors like software once again have a major presence in the ranking. However, nascent sectors like clean tech and media/entertainment should not be ignored, and we expect to see their numbers continue to grow on future Fast 500 rankings."

Here's a breakdown of the local companies:

Tustin-based Radient Pharmaceuticals Corp.
2010 rank: 12
2009 rank: 19 (Radient's AMDL Diagnostics subsidiary)
Five-year growth: 12,669 percent

Irvine-based Spectrum Pharmaceuticals Inc.
2010 rank: 23
2009 rank: 22
Five-year growth: 6,490 percent

Irvine-based Composite Technology Corp.
2010 rank: 69
2009 rank: Not listed
Five-year growth: 1,843 percent

Irvine-based Vizio
2010 rank: 77
2009 rank: Not listed
Five-year growth: 1,640 percent

Irvine-based ISTA Pharmaceuticals Inc.
2010 rank: 114
2009 rank: 47
Five-year growth: 938 percent

Aliso Viejo-based Telogis
2010 rank: 116
2009 rank: 163
Five-year growth: 922 percent

Aliso Viejo-based Clarient Inc.
2010 rank: 145
2009 rank: 59
Five-year growth: 701 percent

Irvine-based Endologix Inc.
2010 rank: 162
2009 rank: 169
Five-year growth: 635 percent

Aliso Viejo-based Smith Micro Software Inc.
2010 rank: 223
2009 rank: 210
Five-year growth: 430 percent

Irvine-based WebVisible
2010 rank: 233
2009 rank: Not listed
Five-year growth: 412 percent

Tustin-based Peregrine Pharmaceuticals Inc.
2010 rank: 341
2009 rank: Not listed
Five-year growth: 266 percent

Irvine-based Masimo
2010 rank: 383
2009 rank: 358
Five-year growth: 224 percent

Irvine-based Local.com Corp.
2010 rank: 406
2009 rank: Not listed
Five-year growth: 210 percent

Costa Mesa-based MegaPath
2010 rank: 412
2009 rank: 364
Five-year growth: 209 percent

Irvine-based SenoRX Inc.
2010 rank: 435
2009 rank: 460
Five-year growth: 189 percent

Santa Ana-based STEC Inc.
2010 rank: 446
2009 rank: Not listed
Five-year growth: 176 percent

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