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Making the 2007 SARTA Index Sacramento, CA - April 9, 2007
The SARTA Tech Index™ experienced strong growth of 14.58% in the fourth quarter of 2006 to raise the Index to an all-time high of 202.47. The increase is the result of growth in market capitalization of local publicly traded companies, in addition to continued momentum in both quarterly revenue (11%) and employment (3.72%) numbers. For a list of current Index companies, click here.
“This is the second consecutive quarter of positive growth for the Tech Index since its slight drop last year, and bodes well for the continued growth of the Sacramento area technology market,” said Oleg Kaganovich, CEO of SARTA. “Also, while the Tech Index does not reflect acquisitions, I would be remiss in not recognizing the incredible activity in mergers and acquisitions of technology companies in the area. When aggregated, privately-held Tech Index companies earn revenue of over half a billion dollars per year. And potential acquirers are taking notice." About the SARTA Tech Index™ As part of its mission to foster high tech entrepreneurial growth and attract private investment capital to the greater Sacramento region, SARTA has developed an innovative tool, the SARTA Technology Index™, to monitor the health and status of the region's technology sector. Just as the S&P 500 acts as a bellwether for corporate America, the SARTA Technology Index™ is a barometer of how technology companies in the greater Sacramento region are performing. About SARTA The Sacramento Area Regional Technology Alliance (SARTA) is a tech-focused 501(c)(3) corporation that supports entrepreneurial programs, companies and technology investment throughout Butte, El Dorado, Nevada, Placer, Sacramento, Solano, Sutter, Yolo and Yuba counties. SARTA is directed by a 45-person board of directors composed of regional leaders of academic institutions, investment groups, business associations and technology corporations that seek to foster technology innovation and growth in the Northern California counties of El Dorado, Nevada, Placer, Sacramento, Solano, Sutter, Yolo, Yuba and Butte. For more information, go to www.sarta.org.
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