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FatPipe Networks Ranked Number 381 Fastest Growing Company in North America on Deloitte's 2006 Technology Fast 500
FatPipe Attributes Its 320 Percent Revenue Growth to the Popularity of Its WAN Optimization Products
| Source: FatPipe Networks
SALT LAKE CITY, UT -- (MARKET WIRE) -- 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."
"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.
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of its member firms has any liability for each other's acts or omissions.
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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
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of choice for innovative human resources programs, it is dedicated to
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