Qualtech Named One of Connecticut’s Fastest Growing Technology Companies in Deloitte’s Technology Fast 50 Program

Wethersfield , Conn. (November 9, 2005 ) Qualtech Systems has again been named to Deloitte's prestigious Technology Fast 50 Program for Connecticut , a ranking of the 50 fastest growing technology companies in the state. Rankings are based on the percentage revenue growth over five years from 2000–2004.

 

“Revenue growth is just one indicator of Qualtech's success over the past several years,” said Executive Vice President and Chief Operating Officer at Qualtech Systems, Inc., Chakrapani "Chuck" Vallurupalli. “Expanded applications of our solutions and , of course , new deals with our long-time partners Pratt & Whitney, NASA and others are the result of our constant pursuit to make our customers successful , ” he said.

 

“Deloitte’s Connecticut Technology Fast 50 companies have shown the strength, vision and creativity to succeed in today’s very competitive technology environment,” said Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50 . “We applaud the successes of Qualtech and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

 

To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Connecticut, and be a “technology 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.

 

About Qualtech Systems Inc.

Founded in 1993, QSI’s software solutions enable OEMs and service and maintenance organizations to reduce the design, development, and support costs associated with capital intensive, and critical, equipment and systems. The company's software solutions complement Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solutions by allowing OEMs and service and maintenance organizations to provide the highest quality of service at the lowest cost by significantly reducing troubleshooting time and increasing equipment availability.

Qualtech’s Equipment Health Management and Integrated Diagnostics solutions are proven, mature and deployed worldwide. Some of Qualtech’s customers include Boeing (BA), FEI Company (FEIC), Honeywell (HON), NASA, Orbotech Ltd. (ORBK), and United Technologies (UTX).

Qualtech was also recently selected by Pratt & Whitney (P&W) -- a United Technologies company -- to provide real-time on-board diagnostics for F135 jet engines being developed for the F-35 Joint Strike Fighter (JSF). The JSF venture is the latest in an ongoing partnership with Pratt & Whitney.

For more information visit http://www.teamqsi.com

 

 

 

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