Deloitte & Touche gave an award to Induslogic Inc. for being the fastest growing technology company in Virginia at a ceremony on Thursday evening.

The annual award event, Virginia Technology Fast 50 ranks technology, media, telecommunications and life sciences companies located in Virginia by revenue growth.

The success of this year's ranked companies in Virginia proves the technology strength across the state. These Virginia companies compete with companies across the nation and are able to grow at an impressive rate, which demonstrates the economic fitness of the state, said Mr. William J. Perlstein, co-managing partner of WilmerHale.

Induslogic, a software development firm, was selected based on percentage revenue growth over five years from 2001 to 2005.