For Immediate Release
FatPipe, the creator of Router Clustering products, ranks well in its first showing in the Inc. 500 Listing
Salt Lake City, UT (October 26, 2004) - FatPipe Networks™, the inventor of router clustering devices for reliable, redundant and fast Internet/WAN connections, was named in Inc. magazine's 23rd annual Inc. 500 as one of America's fastest-growing private companies. FatPipe was ranked 189th in the 500 list and 10 fastest growing company of the 16 Utah based businesses named on the list.
"We are honored to be on the prestigious Inc. 500 listing this year, said FatPipe Network's President and CEO, Ragula Bhaskar, Ph.D. The efforts of our talented staff, the response of our loyal, happy customers, and FatPipe's dynamic company culture have resulted in consistent growth in terms of market position, company size and revenue."
The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. Over time, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.
"The best thing you can say about this year's crop of Inc. 500 entrepreneurs is that they didn't buy into the hype," said Inc. editor-in-chief John Koten. "When people were practically giving away funding in the late 1990s, these companies didn't overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity."
About Inc. 500
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
About FatPipe Networks
FatPipe Networks is the inventor of router clustering solutions that provide highly redundant, reliable and high-speed Internet access for mission-critical applications. FatPipe products enable companies to obtain low-cost, highly redundant and fast Internet/WAN access, allowing such corporations to implement Intranets, Thin Client, Virtual Private Networks and Frame Relay Networks. FatPipe currently hold four patents on it technology, with additional patents pending. For more information, please visit: www.fatpipeinc.com
