TeleCommunication Systems Ranks Among N. America's Fastest Growing Companies in Deloitte's 2010 Technology Fast 500(TM)
October 21 2010 - 2:14PM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world
leader in highly reliable and secure mobile communication
technology, announced it ranked 431 on the Technology Fast 500™,
Deloitte's ranking of 500 of the fastest growing technology, media,
telecommunications, life sciences and clean technology companies in
North America.
The rankings announced today by Deloitte are based on percentage
of fiscal year revenue growth during the period from 2005-2009. TCS
grew 194 percent during this period.
TeleCommunication Systems' chairman, president and CEO, Maurice
B. Tosé, credits the strong revenue growth to the company's
leadership in highly reliable and secure mobile communication
technology.
"Growing aggressively as a technology company with proprietary
intellectual property has been a goal since the company's founding
in 1987," said Tosé. "It is gratifying to be recognized in this way
as we enter our second decade as a public company, approaching a
$400 million revenue run rate while in a very challenging business
environment."
"TeleCommunication Systems and the other 2010 Technology Fast
500™ winners forged ahead in a challenging economic environment to
realize exceptional growth," said Phil Asmundson, vice chairman and
Deloitte's U.S. technology, media and telecommunications leader.
"Deloitte commends TCS for this impressive accomplishment."
"TeleCommunication Systems has proved itself to be one of the
fastest growing tech companies in North America, and we are proud
to honor them as one of the 2010 Technology Fast 500™," said Mark
Jensen, managing partner, venture capital services, Deloitte &
Touche LLP.
For additional detail on the Technology Fast 500™, including
selection and qualifying criteria, visit www.fast500.com.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) is a world
leader in highly reliable and secure mobile communication
technology. TCS infrastructure forms the foundation for market
leading solutions in E9-1-1, text messaging, commercial location
and deployable wireless communications. TCS is at the forefront of
new mobile cloud computing services providing wireless applications
for navigation, hyper-local search, asset tracking, social
applications and telematics. Millions of consumers around the world
use TCS wireless apps as a fundamental part of their daily lives.
Government agencies utilize TCS' cyber security expertise and
professional services. Headquartered in Annapolis, MD, TCS
maintains technical, service and sales offices around the world. To
learn more about emerging and innovative wireless technologies,
visit www.telecomsys.com.
As used in this document, "Deloitte" means Deloitte LLP. Please
see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries.
Company Contacts: Tom Brandt Senior Vice President and
CFO TeleCommunication Systems, Inc. Tel 410-280-1001 Email Contact
Scott Liolios or Matt Glover Investor Relations Liolios Group, Inc.
Tel 949-574-3860 Email Contact
Telecommunication Systems (NASDAQ:TSYS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Telecommunication Systems (NASDAQ:TSYS)
Historical Stock Chart
From Jul 2023 to Jul 2024