BEDMINSTER, NJ, August 17, 2005 -- GAIN Capital Group, a leading provider of foreign exchange trading and asset management services for institutional and self-directed investors, has been named the number one, fastest-growing technology firm by Deloitte & Touche LLP's prestigious Technology Fast 50 Program for New Jersey. This program ranks the 50 fastest growing technology companies in the state as identified by Deloitte, one of the nation's leading professional services firms. Rankings are based on the percentage revenue growth over five years, from 2000 2004.
GAIN Capital's increase in revenues of 23,313 percent from 2000 to 2004 resulted in the number one ranking in the Technology Fast 50 for New Jersey. GAIN's growth outpaced the second ranked company by 400 percent, which increased revenues 4684 percent over the same period. Overall, the median increase in revenues among companies who made this year's Fast 50 was 359 percent.
GAIN Capital's CEO, Mark Galant credits the company's success to date to a superior technology offering and the hard work and dedication of the GAIN staff. "It is such an honor to be recognized by Deloitte as the fastest growing technology company in New Jersey," commented Mr. Galant. "Everyone at GAIN has worked extremely hard to build this business over the past five years, and I am proud of them and of our achievements."
"GAIN's business strategy truly reflects the essence of the Fast 50 program," continued Mr. Galant, "which is to use technology to create a competitive advantage. A superior technology offering has enabled us to achieve a leadership position in the online forex industry, and there is no doubt that technology will always be a core driver of our business."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, must be public or private companies headquartered in North America, and 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.
"Since the inception of the Deloitte Fast 50 program in 1996, in only one other year has the top ranked company in New Jersey's competition exceeded GAIN's growth record," said Paul Mlynarski, a partner at Deloitte Tax LLP and chairperson of Deloitte's New Jersey Technology Fast 50 program. "We are proud to honor GAIN Capital Group as a Deloitte Technology Fast 50 winner and know they will represent New Jersey well at the national Technology Fast 500 competition."