The Connecticut 100

 

Over the 18-year run of The Connecticut 100, several generations of company trends have come and gone. There was the disturbing migration of firms out of Connecticut to warmer (and cheaper) climes. That seems to have abated. There was the widespread failure or acquisition of state-based banks. That has quieted down as well. Now a third trend has become evident-one that should bode well for the state's economic future.

What is happening is that a number of Connecticut's hotshot technology companies-ones that started up within the past decade or so-have now grown and matured to the point that they are appearing on the list of the state's largest. This has always been an exciting group to watch, but there has been a boom-or-bust aspect that's made it just a bit unpredictable. After all, great ideas are not always paired with the sharpest business sense. Good business minds are not necessarily attuned to what tomorrow will bring.

At this point, however, some of the success stories are easy to spot. Norwalk's priceline.com has taken an admittedly winding road to become a billion-dollar company. Gartner Inc. in Stamford has ridden its expertise in computer research and analysis to cross the billion-dollar line as well. Open Solutions Inc. of Glastonbury has grown out of the ranks of fast-growers to reach No. 82 in The Connecticut 100, with annual sales of over $190 million. Also making the list this time are webloyalty.com of Norwalk, Jupitermedia Corp. of Darien and Greenfield Online Inc. of Wilton. Whether these companies are here to stay remains to be seen, but for now they are putting down roots in Connecticut and creating jobs.

Indeed, perhaps the best economic news to emerge in 2007 came from the ranking of Connecticut's fastest-growing technology companies, compiled by Deloitte & Touche. According to the Connecticut Technology Council, 41 of the 50 companies listed-which as a group have achieved an average three-digit revenue growth over the past five years-were on last year's list as well, "reflecting a measure of sustained growth critical to long-term success." Increasing stability in the high-tech sector-that's something any economy would welcome.

Of course, impressive growth through technology isn't limited to the newcomers. General Electric couldn't have increased its sales by $14 billion unless it stayed true to its innovative origins. United Technologies grew by more than $5 billion by staying ahead of the technology curve in a variety of fields. Xerox and Pitney Bowes succeeded by fulfilling basic technological needs; their survival depends upon more of the same. Do we have another GE or Xerox in our midst? There's no telling at this point, but the growth feels pretty good. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
Rank Company
Town
Sales
(in Millions)
Product or Service
1 General Electric Co. Inc.
Fairfield
$163,391 diversified manufacturing and technology
2 United Technologies Corp.
Hartford
$47,829 aerospace, defense, building products
3 The Hartford
Hartford
$26,500 insurance, financial services
4 Aetna Inc.
Hartford
$25,146 managed health care
5 Xerox Corp.
Stamford
$15,895 copier, office products and systems
6 Praxair Inc.
Danbury
$8,324 industrial gases
7 Terex Corp.
Westport
$7,648 heavy construction equipment
8 Northeast Utilities
Berlin
$6,884 electricity
9 Pitney Bowes Business Solutions
Stamford
$5,730 office machines
10 W.R. Berkley Corp.
Greenwich
$5,395 property casualty insurance
11 EMCOR Group Inc.
Norwalk
$5,021 mechanical, electrical services
12 The Stanley Works
New Britain
$4,019 tools, hardware, specialty hardware
13 Chemtura Corp.
Middletown
$3,723 specialty chemicals
14 United Rentals Inc.
Greenwich
$3,640 heavy-equipment rentals
15 OdysseyRe
Stamford
$2,902 reinusurance
16 United Natural Foods
Dayville
$2,574 groceries, related products
17 Silgan Corp.
Stamford
$2,668 metal, plastic and paper products
18 Phoenix Companies Inc.
Hartford
$2,578 insurance, financial services
19 Amphenol Corp.
Wallingford
$2,471 electronic cables, connectors
20 Hubbell Inc.
Orange
$2,414 electrical parts
21 Crane Co.
Stamford
$2,257 diversified manufacturing
22 Citizens Communications
Stamford
$2,025 electric, telephone, natural gas, water
23 IMS Health Inc.
Westport
$1,959 pharmaceutical, health-care research
24 Applera Corp.
Norwalk
$1,949 life-science systems, genetic databases
25 Studen Loan Corp.
Stamford
$1,869 student loans
26* UST Inc.
Greenwich
$1,851 tobacco, wine and other products
27* Mashantucket Pequot
Gaming Enterprises Inc.

Mashantucket
$1,850 gaming and entertainment
28* Interactive Brokers Group
Greenwich
$1,737 investment services
29* Conair Corp.
Stamford
$1,700 kitchen and personal-care products
30 Magellan Health
Farmington
$1,690 managed mental-health care services
31* Retail Brand Alliance
Enfield
$1,500 clothing retailer
32* Purdue Pharma
Stamford
$1,460 pharmaceuticals
33* Knights of Columbus
New Haven
$1,450 insurance
34 ADVO Inc.
Windsor
$1,444 direct-mail marketing
35 Arch Chemicals Inc.
Norwalk
$1,435 specialty chemicals
36* Mohegan Tribal
Gaming Authority

Uncasville
$1,426 gaming and entertainment
37* Towers Perrin
Stamford
$1,420 human-resources consulting
38 Star Gas Partners LP
Stamford
$1,297 fuel oil, propane
39 Barnes Group Inc.
Bristol
$1,260 spring and metal components
40 Blyth Industries Inc.
Greenwich
$1,2221 housewares, scented candles
41 Kaman Corp.
Bloomfield
$1,206 advanced technology products
42* Unimin Corp.
New Canaan
$1,200 mining materials
43 Hexcel Corp.
Stamford
$1,193 engineered materials
44 Bozzuto's Inc.
Cheshire
$1,170 wholesale groceries, convenience stores
45* Affinion Group
Norwalk
$1,138 business services
46 priceline.com Inc.
Norwalk
$1,123 Internet consumer services
47 Gartner Inc.
Stamford
$1,060 computer research, analysis
48 Ethan Allen Interiors Inc.
Danbury
$1,005 furniture and household products
49* Esselte Corp.
Stamford
$1,000 office supplies
50 Vertrue Inc.
Stamford
$800 membership services, recruitment
51 Playtex Corp.
Westport
$636 personal care products
52 Gerber Scientific Inc.
South Windsor
$575 scientfic instruments
53* Lane Construction Corp.
Meriden
$555 heavy construction
54* Doctors Associates Inc.
Milford
$512 Subway fast-food franchises
55 Genesse & Wyoming Inc.
Greenwich
$479 freigh rail operations
56 FactSet Research Systems
Norwalk
$476 online database services
57 Photronics Inc.
Brookfield
$455 semiconductors and microelectronics parts
58 Rogers Corp.
Killingly
$455 manufacturing
59* Chase Enterprises
Hartford
$425 real estate, diverse holdings
60 Proliance International Inc.
New Haven
$416 auto cooling systems
61 TRC Companies Inc.
Windsor
$406 environmental services
62* Oakleaf Waste
Management

East Hartford
$400 waste management services
63* Heartland Industrial
Partners

Greenwich
$365 aerospace, auto parts
64 Independence Holding Co.
Stamford
$365 insurance
65 Lydall Inc.
Manchester
$326 fiber materials, components
66* ATMI Corp.
Danbury
$326 semiconductors
67 RBC Bearings Inc.
Oxford
$306 ball bearings
68* Stew Leonard's
Norwalk
$292 retail groceries and dairy
69* Standyne Automotive Corp.
Windsor
$290 diesel-fuel injection equipment
70 MTM Technologies Inc.
Stamford
$275 technology services
71 World Wrestling Entertainment Inc.
Stamford
$263 professional wrestling, related products
72* North Castle Partners LLC
Greenwich
$244 food and health products
73 Tauck Holdings Inc.
Westport
$240 tour operators
74 Clayton Holdings
Shelton
$239 financial services
75 Hometown Auto Retail
Watertown
$233 new and used automobiles
76 Familymeds Group
Farmington
$231 pharmacies, pharmaceuticals
77* R.T. Vanderbilt Co. Inc.
Norwalk
$221 chemicals, mining
78 O&G Industries Inc.
Torrington
$221 nonresidential construction
79* SS&C
Windsor
$206 investor services and software
80 The Aristotle Corp.
Stamford
$203 educational and health products
81 Baldwin Technology Co.
Shelton
$202 printing controls and accessories
82 Open Solutions Inc.
Glastonbury
$194 business services
83* The Lee Co.
Westbrook
$183 diversified manufacturing
84* Gerald Metals Inc.
Stamford
$172 nonferrous and precious metals
85 Zygo Corp.
Middlefield
$168 measurement and automaton devices
86 Sturm, Ruger & Co.
Fairfield
$168 food products
87 L-1 Identity Solutions
Stamford
$164 security systems and services
88* Bartlett Tree Experts
Stamford
$161 tree care and landscaping services
89 Axsys Technologies Inc.
Rocky Hill
$156 precision opticals
90* Moran Towing Corp.
New Canaan
$150 tugboats, towing services
91 Darwin Professional
Underwriters Inc.

Farmington
$149 insurance
92 Webloyalty.com
Norwalk
$144 online marketing services
93 Eastern Co.
Naugatuck
$139 locks and industrial hardware
94 Jupitermedia Corp.
Darien
$138 Internet publishing, digital assets
95* Ulbrich
North Haven
$136 steel
96* Guida-Seibert Dairy
New Britain
$128 dairy products
97* Simkins Industries
New Haven
$122 paperboard mills
98* Newman's Own Inc.
Westport
$120 food products
99 First Aviation Services
Westport
$119 services to aircraft operators
100 Greenfield Online Inc.
Wilton
$100 marketing data

 

The Connecticut 100

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