"It's an honor to be on the Deloitte Fast 500 list and rank among North America's top technology companies, after just five years in operation," commented Mark Galant, CEO of GAIN Capital Group. Mr. Galant credits GAIN's talented, hard working employees and the firm's early focus on developing innovative trading technology for its customer base of institutional and individual forex traders. "We use technology as a competitive advantage and stay focused on the needs of our customers," commented Mr. Galant. "This strategy has enabled us to achieve our goals to date and positions us well for the future."
"Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company's product and its leadership," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "GAIN Capital has shown the right stuff for growth."
Overall, companies that ranked on the 2005 Deloitte Technology Fast 500 had growth rates ranging from 240 to 73,752 percent over five years, with an average growth rate of 2,408 percent.
In August 2005, GAIN Capital Group was named the #1 fastest growing technology company in New Jersey by the Deloitte Technology Fast 50 program.
Fast 500 Selection and Qualifications:
The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD. Entrants must be 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 portion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.