For Immediate Release
FatPipe Networks Ranked Number 381 Fastest Growing Company in North America on Deloitte’s 2006 Technology Fast 500
Salt Lake City, UT: Thursday, October 19, 2006 – FatPipe Networks™, the inventor and multiple patents holder of WAN optimization, redundancy and security products, today announced that it ranked Number 381 on Deloitte’s 2006 Technology Fast 500. The Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001–2005. FatPipe’s revenue grew 320 percent during this period.
FatPipe Network’s CEO, Ragula Bhaskar, Ph.D., credits the 320 percent growth in revenue to steady demand for its innovative router clustering and other Internet/WAN optimization devices and solid relationships with customers. He said, "This was FatPipe’s first year of eligibility for Deloitte’s Technology Fast 500, and we were excited to see where we stood in terms of percentage of revenue growth among today’s top technology companies in North America. This is a tremendous achievement for FatPipe. I am thankful to our customers, our brilliant engineering staff lead by Sanch Datta, and our extremely capable sales and support staff that help grow FatPipe every year," Dr. Bhaskar concluded.
“Given the increased competition and tightening of discretionary spending, it’s more impressive than ever for companies to be among the fastest growing in North America,” said Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. “We acknowledge FatPipe Networks for its fast-paced growth in an increasingly competitive world.”
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About FatPipe
FatPipe Networks is the inventor and multiple patents holders of the technology category Router-Clustering that provides the highest levels of WAN optimization, reliability, security and acceleration. FatPipe’s line of products cover an array of features and benefits for companies that run mission critical WAN applications over any type of infrastructure. Customer benefits include WAN redundancy, reliability, speed, dynamic load balancing, enhanced security, Quality of Service (QoS), data compression and VPN encryption capability.
FatPipe products enable companies to obtain low cost, redundant and fast Internet access, allowing such corporations to implement Intranets, e-commerce strategies, Virtual Private networks (VPNs), and utilize application specific servers over the Internet or WAN connections.
FatPipe products are deployed in some of the most mission critical and highly secure WANs in the United States and abroad. Based in Salt Lake City, FatPipe is a venture capital funded company that markets its products worldwide through a network of authorized distributors and dealers.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting and financial advisory services—and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu”, or other related names.
In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm’s Web site at www.deloitte.com/us.
Press contact
Hayley Elias
Marketing
FatPipe Networks
hayley@fatpipeinc.com
Tel: (801) 281 3434 ext. 2226
