Avineon Named a Future 50 Winner by Washington SmartCEO
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Avineon Named a Future 50 Winner by Washington SmartCEO

D.C.-area technology company recognized for its rapid employee and revenue growth

ALEXANDRIA, Va., Jan. 30 /PRNewswire/ -- Avineon, Inc., a successful provider of IT, geospatial, engineering and program management services, announced today it has been selected as one of Washington SmartCEO's Future 50 winners for its continuous employee and revenue growth. Avineon has grown at the average annual rate of more than 40 percent during the last four years and expects its growth to continue at the same rate or greater in 2007. This marks Avineon's first appearance as a Future 50 company.

Washington SmartCEO's Future 50 program, now in its second year, recognizes the 50 fastest growing companies in the Greater Washington, D.C. area based on employee and revenue growth over the past three years. More than 100 nominations were received this year with two-thirds representing the area's technology sector, most of which are involved in federal government contracting. Winners are featured in the January 2007 issue of Washington SmartCEO and were also honored at a reception and dinner held Jan. 25, 2007 at the Crystal Gateway Marriott in Arlington, Va.

"The Future 50 program is SmartCEO's way of celebrating the growth and economic development in the Greater Washington region," stated Jaime Nespor, associate publisher of Washington SmartCEO. "The companies represented have generated more than $2 billion in combined revenue last year and clearly have the right ingredients for successful business growth."

Avineon serves customers in the federal, state and local governments as well as the commercial sector and has grown from a small start-up to a global enterprise, employing more than 700 worldwide. In 2007, Avineon plans to recruit qualified candidates at the managerial and service levels to increase its staff by more than 65 people. In addition, the company expects to add more than 250 employees in the next year at its India-based subsidiary, Avineon India Private Ltd. (AIPL). Overall, corporate growth is projected at more than 50 percent in 2007.

Karlu Rambhala, president and CEO of Avineon, commented, "Our company's dedication to providing superior customer service and quality products and support has led to our rapid growth over the past several years. We are honored to be recognized as a Future 50 winner and look forward to pursuing further opportunities for growth both in the Greater Washington area and worldwide."

Avineon has been recognized in the past for its growth, appearing on lists including Washington Technology's Fast 50, Virginia Business' Fantastic 50 and the Inc. 500. To view the full list of Future 50 companies, please visit: http://washington.smartceo.com/blank.html.

About Avineon

Avineon, a CMMI Maturity Level 3 and ISO 9001:2000 registered company, is a diversified high technology company that provides information technology (IT), geospatial, engineering and program management services. With headquarters in Alexandria, Virginia, and offices in Alabama and Florida, Avineon employs more than 140 staff in the United States, and with subsidiaries in Europe and India employs a total staff of 700. In IT, Avineon specializes in web-based architecture, systems engineering, application development and on-going network and security support. For additional information please visit http://www.avineon.com.

    Press Contact:                    Company Contact:
    Kara Schiltz                      Charles Erdrich
    DPR Group                         Avineon, Inc.
    919-678-9200, ext. 101            703-671-1900
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Web site: http://www.avineon.com/