Mythic moves up tech company rankings list

Mythic Entertainment, developer and publisher of hit PC MMORPG Dark Age of Camelot, has been ranked the sixth fastest growing technology company in Virginia.

That's according to Deloitte & Touche, which has just published the 2005 Technology Fast 50 for the state. Rankings are based on percentage revenue growth between 2000-2004.

Mythic experienced a 2690 per cent growth in revenue over the period, and this is the fourth consecutive year in which the company has secured a place on the Technology Fast 50 list.

CEO Mark Jacobs attributed the growth to the success of Dark Age of Camelot and to Mythic's strong focus on developing new content.

"At Mythic Entertainment, we remain dedicated to the growth and prosperity of our flagship title," Jacobs commented.

"We take pride in being a world wide leader in online gaming and strive to provide our fantastic fan base with new and challenging experiences within Dark Age of Camelot."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least USD 50,000 in 2000 and USD 1 million in 2004, be headquartered in North America, and be a "technology company" - i.e., a company which owns proprietary technology that contributes to a significant portion of the company's operating revenues, or devotes a significant proportion of revenues to the research and development of technology.

The average increase in revenues among companies who made the 2005 Technology Fast 50 for Virginia was 1527.95 percent.