|
VGLN.com General
News >> Article
Mythic Entertainment ranked 112 by Deloitte
by Jolex Del Pilar
Thursday, October 16, 2003
Dark Age of Camelot developer one of the fastest growing tech companies in U.S.
Mythic Entertainment today announced that it ranked Number 112 on the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1998-2002. Mythic Entertainment grew 3,198 percent during this period.
Mythic's CEO, Mark Jacobs, credits the ongoing success of "Dark Age of Camelot" with the company's 3,198 percent revenue growth over the past five years. He said, "This Fast 500 ranking follows on the heels of our placement in the Inc. 500, and we owe our success to the growing number of 'Dark Age of Camelot' subscribers. 'Dark Age of Camelot' turns two years old this month, and the upcoming release of its expansion pack, 'Trials of Atlantis,' demonstrates our ongoing commitment to the community and to superior gameplay."
"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media and Telecommunications Group. "We congratulate Mythic Entertainment on becoming one of the fastest growing technology companies in North America."
In addition to ranking on the Deloitte Technology Fast 500 for the second year in a row, Mythic ranked six on the Virginia Regional Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Virginia.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues.
Entrants also must be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
--- Jolex Del Pilar |
