For Immediate Release

October 1, 2004
TerpSys recognized by The Washingtonian magazine as a "Great Place to Work"
(Bethesda, Maryland) - Washingtonian Fastest Growing CompaniesTerpSys was recognized by Washington Business Journal as the 49th fastest growing company in the greater Washington, D.C. area, with revenue growth of 26.9% from 2001 to 2003. Revenues during that period grew from $6.24M in 2001, to just over $10.01M in 2003.

"This recognition, along with being one of 50 "Great Places to Work" by The Washingtonian, shows that bottom line success and a dynamic corporate culture can co-exist." said Ed Woods, President and CEO. "Our growth has come from robust, organic business development and new sales, as opposed through merger and acquisition. The success we have seen over the last three years mirrors our success of the past nine years. Our growth rate over those nine years has been anywhere between 19 to 46%; showing that consistency in adding, and more importantly managing, corporate growth has been our strength."

Adds Rob Gant, COO, "Over the last few years, we have added service offerings in the areas of application development and support, high-end systems engineering, and bioinformatics. This has allowed us to provide a more complete solution to our customers, and we hope to build on these recent successes to foster future growth."

"As one of only sixteen IT companies that made the list, we survived the area's tech implosion by being rational on expenditures, and realistic in our annual revenue projections and staffing. Obviously, we appreciate all of our customers who have great confidence in our dedicated staff. We have increased our responsibilities to our customers over the past few years, to keep pace with their mission critical needs." concludes Woods.

TerpSys is a technology company, focused on customer service. How may we help you?

Our mission is to delight our customers, challenge ourselves, and serve our communities. Our strong corporate culture drives our business because we feel that if our employees are well taken care of, it will then translate into a better customer experience.

We strive to be a leader in the IT community by delivering incredible customer service.

We also strive to be leaders in the community through the generous giving of time, talent, and treasure. Our staff and Company are shining examples that corporate social responsibility truly is the right thing to do.

TerpSys’ reputation in the industry and the community is of the highest regard, and we are very proud to have earned that through more than twenty (20) years of dedication to our mission.

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TerpSys is an Equal Opportunity / Affirmative Action Employer.
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