2006 Fast 50

43: SP Systems Inc.
Location: Greenbelt, Md.
Annual growth rate: 60.39%
2005 Revenue: 7,797,112
2004 Revenue: 7,228,874
2003 Revenue: 4,532,064
2002 Revenue: 1,874,462
2001 Revenue: 1,178,309
Leadership: B. Swami Reddy, president and CEO
Number of employees: 89
Website: www.sp-systems.com
Lines of business: IT services
Major customers: NASA, National Oceanic and Atmospheric Administration, Homeland Security Department
Major contracts/projects: The National Oceanic Atmospheric Administration hired SP Systems to provide systems management, database engineering, programming, database administration, data modeling and management of archive holding and technical support services to its National Oceanic Data Center. The contract is worth nearly $3 million.