| Somerset, New Jersey (November 17, 2008) - NJBIZ, New Jersey’s leading statewide business newspaper, announced and honored the top fifty businesses that have made significant contributions to the growth, strength and success of New Jersey during the New Jersey’s Fifty Fastest Growing Companies award ceremony held at The Palace in Somerset Park on Monday, November 17, 2008. Vedicsoft is proud to announce its rank of number 36 on this year’s list.
In order to be eligible for nomination, companies needed to show revenue of at least $500,000 in each of the fiscal years ending 2005, 2006, and 2007 and show revenue growth in 2007, as compared to 2005 (a three year period). Eligible companies were to be for-profit entities headquartered in New Jersey.
Presenting sponsor, Rothstein Kass, calculated the nominations and then ranked the companies according to revenue growth over the three-year period of 2005-2007. Both dollar and percentage increases were taken into consideration. This ranking formula led to recognition of the 2008 New Jersey’s Fifty Fastest Growing Companies consisting of both large and small companies.
In addition to the awards ceremony on November 17, 2008 the Top Fifty Fastest Growing Companies are profiled in a special supplement to the November 24, 2008 issue of NJBIZ. The complete list of honorees is published in ranked order, along with information on each company’s financial growth.
The New Jersey’s Finest Fifty Fastest Growing Companies event is a program of NJBIZ and was presented by Rothstein Kass. Major sponsors of this event were Lowenstein Sandler PC, Oracle and The PNC Financial Services Group. The supporting sponsor was Wendt Partners and the registration table sponsor was Robert Half International Inc.
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