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Quality Systems, Inc. Included in Forbes’ Annual List of America’s 25 Fastest-Growing Tech Companies

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Posted: March 14, 2011
Quality Systems, Inc. Included in Forbes’ Annual List of America’s 25 Fastest-Growing Tech Companies
Ranks 23rd in Second Appearance on the List
IRVINE, Calif.--(BUSINESS WIRE)-- Quality Systems, Inc. (NASDAQ: QSII), a developer of healthcare information systems for automating medical and dental practices as well as small hospitals, announced today that it was included in Forbes’ annual listing of America’s 25 Fastest-Growing Tech Companies, for the second consecutive year. Quality Systems ranked 23rd in the list of top 25 companies, according to Forbes’ annual list.
The list, which is in its eighth year, appeared on the Forbes website on February 16, 2011, and can be viewed at: http://ww.w.forbes.com/2011/02/16/apple-google-data-technology-fast-tech_print.html.
According to Forbes, from March 12, 2010, through Feb. 2, 2011, companies on the Nasdaq 100 Technology Sector Index were up 27%; companies on the S&P 500 lagged far behind, but still posted a 13% increase. The fast-growing technology companies on the list surpassed both indexes, growing 44% overall, or 34% excluding acquisitions. To qualify for the list, Forbes researched more than 5,000 technology companies looking for those with minimum sales of $25 million and sales growth of at least 10 percent over the latest 12 months. Requirements also included median long-term (three-to-five year) earnings-per-share growth estimates to be greater than 10%. Lastly, companies were ranked on their five-year sales growth, which needed to be in the double-digits annually.
“For the second time, Quality Systems is ranked one of the 25 fastest-growing technology companies in the nation by Forbes. This year, we are in the company of extraordinary global technology leaders such as Google and Apple, certainly an impressive place to be. We are honored to be recognized by Forbes, particularly in light of the current timing within the healthcare information technology sector (HCIT). With the incentives just now kicking in from the stimulus plan under the American Reinvestment and Recovery Act of 2009, the electronic health records (EHR) sector stands to experience extraordinary growth amid the sea-change occurring in our nation’s healthcare system. Quality Systems is in a strong position as it participates in this transformation,” explained Steven T. Plochocki, chief executive officer.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
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