GAIN Capital Group, LLC, a leading provider of foreign exchange (Forex) services, including direct-access trading and asset management for institutional and individual investors, today announced it ranked 116th on the 2006 Deloitte Technology Fast 500, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage fiscal year revenue growth over five years, from 2001â2005. GAIN Capital grew 1,748 percent during this period.
"Being named a Fast 500 company for two consecutive years is a great testament to our employees, our innovative technology and our business strategy," said Mark Galant, CEO of GAIN Capital Group. Even with 70% annual revenue growth for the past five consecutive years, Mr. Galant anticipates accelerated growth in 2006. "GAIN is currently on track to achieve 90% revenue growth this year," continued Mr. Galant.
In August 2006, GAIN Capital Group was ranked the 9th fastest growing firm on the New Jersey Technology Fast 50, a list of the fastest growing technology firms in New Jersey.
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 2001 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2005 operating revenues of at least $5 million USD or CD.
Entrants must be headquartered in North America and must be in businesses a minimum of five years. All firms must be a "technology company," defined as a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant portion of operating revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.