Circadence Corporation Ranked 37th Fastest Growing Company in America on Deloitte's 2008 Technology Fast 500
Boulder, CO, November 14, 2008 – Circadence Corporation, a leading provider of WAN optimization technology to both government and commercial customers, announced today that it has been ranked #37 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America by Deloitte LLP, one of the nation's leading professional services organizations. Rankings are based on percentage of fiscal year revenue growth over five years from 2003 – 2007.
"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate Circadence on this significant accomplishment."
"Circadence is honored to receive this recognition by Deloitte, one of the world's premier business services companies," said Michael Moniz, president and CEO of Circadence. "We are proud of the increasingly important position that we hold in the WAN Optimization market and it is gratifying to be recognized for our growth, which is a direct result of our decisive and solid management team and the teamwork and innovation of our employees."
In addition to ranking on Deloitte's Technology Fast 500, Circadence ranked number one on the Technology Fast 50 for Colorado, which is a ranking of the 50 fastest growing technology firms in Colorado.
Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates from 242 to 138,762 percent over five years, with an average growth rate of 3,043 percent.
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 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 2003 to 2007.
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 Circadence Corporation
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.
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.
