Bandwidth.com Ranked Number 35 Fastest Growing Company in North America on Deloitte's 2007 Technology Fast 500
CARY, N.C., Oct. 23 /PRNewswire/ -- Bandwidth.com today announced that it ranked Number 35 on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. Bandwidth.com grew 4,727% percent during this period.
Bandwidth.com's CEO, Henry Kaestner credits voice and VoIP solutions designed for Small and Medium Businesses (SMB) that are reliable, easy to use, and can help reduce costs up to 40%, and Bandwidth.com's data services designed specifically for SMBs, with the 4,727% revenue growth over the past five years. He said, "Bandwidth.com has always sought to provide the best communications services for business of all sizes. For us that means great price and great service. The statistic we are most proud of at Bandwidth.com is our monthly customer retention rate, which exceeds 99.2%. It's a sign we doing the right thing for our customers."
"Sustaining high revenue growth over five years is an exceptional accomplishment," said Phil Asmundson, Vice Chairman, U.S. Technology, Media & Entertainment and Telecommunications, Deloitte & Touche USA LLP. "We are proud to honor Bandwidth.com with a ranking on the Deloitte Technology Fast 500 list."
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 2002 to 2006.
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.
Founded in 1999, Bandwidth.com is a complete business communications provider offering advanced voice over Internet (VoIP), Internet services, and managed network services to small and medium businesses nationwide. As a single source provider for business telecom needs, Bandwidth.com provides its customers with unparalleled selection, savings and service. The company's unique methodology, experienced team and dedicated customer service, ensures accountability and service superior to that of traditional Internet and VoIP providers.
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 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas-audit, tax, consulting, and financial advisory services-and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global 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.
CONTACT: Scott Bornkessel of Bandwidth.com, +1-919-439-2610
Web site: http://www.bandwidth.com/
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