Circadence Corporation Ranked Number One in Deloitte's Technology Fast 50 Program for Colorado
Boulder, CO, October 27, 2008 – Circadence Corporation, a leading provider of WAN optimization technology to both government and commercial customers, has been named to Deloitte's prestigious Technology Fast 50 Program for Colorado, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003–2007.
"Deloitte's Colorado Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Kurt Randall, Deloitte Tax LLP, and chair of the 2008 Colorado Technology Fast 50. "We applaud the successes of Circadence and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
Circadence's CEO Michael Moniz credits the Company's strong management and talented employees with the Company's 8,173 percent revenue growth from 2003–2007. Moniz said, "Our robust growth over the past five years is a direct result of our decisive and solid management team, as well as the teamwork and innovation of our employees who have gone above and beyond in validating our strong position in the WAN optimization market."
Circadence's increase in revenues of 8,173 percent from 2003 to 2007 resulted in a number one ranking in the Technology Fast 50 for Colorado. The average increase in revenues among companies who made the Technology Fast 50 for this region was 507 percent.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast50.com.
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.
