Abraxis BioScience Inc. is the fastest growing technology company in the Los Angeles area and the fourth fastest nationwide, according to Deloitte’s annual Technology Fast 500.
The list, which includes 26 other Los Angeles-area companies, is a ranking of technology, media, telecommunications and life sciences companies, based on fiscal-year revenue percentage growth between 2003 and 2007. This is the first year Abraxis which saw sales of its biotech cancer drug Abraxane pick up sharply in 2007 has made the list. Its revenues grew 77,682 percent to nearly $334 million over that five-year period.
“We congratulate Abraxis BioScience for not only securing a place on this year’s Technology Fast 500 ranking, but for making its debut among the top five winners, which is a tremendous accomplishment,” Tony Buzzelli, Deloitte vice chairman, said in a statement. Companies on the list have been in business for at least five years with current operating revenues of at least $5 million.
Of the 27 Los Angeles-area companies on the list, 44 percent are repeat winners. In second place was Beverly Hills-based online advertising network Hydra LLC, which ranked 31st with 9,746 percent growth.
Los Angeles-area companies on the list:
Rank Company Name 5-Year Growth% City
4 Abraxis BioScience Inc. 7,7682 Los Angeles
31 Hydra LLC 9,746 Beverly Hills
39 InTouch Health 8,042 Goleta
69 Vantage Media LLC 3,610 El Segundo
107 Ignify Inc. 1,983 Cerritos
110 Oversee.net 1,898 Los Angeles
188 Reunion.com Inc. 971 Los Angeles
207 LoanToolbox 882 Westlake Village
216 Occam Networks Inc. 842 Santa Barbara
233 The Design People Inc. 783 Marina del Rey
252 Kelton Research LLC 690 Culver City
266 Capstone Turbine Corp. 656 Chatsworth
279 eHarmony.com 613 Pasadena
282 ValueClick Inc. 598 Westlake Village
310 Submit Express Inc. 486 Burbank
314 Exaktime Inc. 472 Calabasas
342 U.S. Auto Parts Network Inc. 408 Carson
370 PeopleSupport Inc. 369 Los Angeles
373 Preludesys 366 Diamond Bar
379 CaseStack Inc. 361 Santa Monica
380 Awareness Technologies Inc. 361 Los Angeles
395 Guidance Software Inc. 346 Pasadena
427 DataDirect Networks Inc. 308 Chatsworth
431 Cornerstone OnDemand Inc. 304 Santa Monica
452 LiveOffice Corp. 284 Torrance
456 AeroVironment Inc. 279 Monrovia
483 Topaz Systems Inc 253 Simi Valley
