Ranked Number 95th Fastest Growing Company in 2009
Circadence Ranked Number 95th Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500™
Attributes its 1,848 Percent Revenue Growth to a Strong Team and Expanded Product Lines
BOULDER, CO., October 22, 2009 - Circadence Corporation, the global leader in the development of innovative enterprise performance technologies, announced today that it ranked #95 on Technology Fast 500™, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Circadence grew 1,848% during this period.
Circadence's CEO, Michael Moniz, credits Circadence's strong management and employees, as well as a growing awareness among the Company's customers as to the benefits of Circadence's product offering, with the company's revenue growth over the past five years.
"We are pleased to be recognized in the Deloitte Fast 500 program for a second consecutive year. This has been an extraordinary year for Circadence," said Moniz. "We have expanded our enterprise network optimization product lines to include centralized management of virtual and cloud computing environments. We have also aligned our focus on the WAN optimization, cloud computing and virtualization markets with our customers' needs. This honor certainly reflects the payoff of that hard work."
"Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Circadence on this accomplishment."
Circadence previously ranked 37th as a Technology Fast 500™ award winner for 2008.
Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
About Circadence
Circadence Corporation, founded in 1993 as VR-1, Inc., has its origins in the massive multi-user online simulations industry. Based in Boulder, Colorado, Circadence grew through several acquisitions, successful product launches and the formation of strategic partnerships including Microsoft, Deutsche Telekom, and Hewlett Packard. The Company's proven and patented Transport Morphing Protocol® (TMP), built into the Company's Web Assured Response Protocol (WARP) solution, provides WAN optimization through the efficient use of bandwidth, while providing additional data transport speed, reliability and consistency. Circadence's newest product line, AscensionTM, offers universal management of physical and virtual machines within cloud computing environments for full enterprise management, performance and monitoring. For more information, please visit www.circadence.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
