Press Releases
2009
FORCE10 NETWORKS RANKED #3 FASTEST GROWING COMPANY IN THE COMMUNICATIONS/NETWORKING CATEGORY OF THE PRESTIGIOUS DELOITTE 2009 TECHNOLOGY FAST 500™ PROGRAM
Company ranked #10 overall based on FY revenue growth between 2004–2008
SAN JOSE, Calif., October 20, 2009 – Force10 Networks, Inc., the global technology leader that data center, service provider and enterprise customers rely on when the network is their business, today announced that the company ranked number 3 within the communications/networking category of the 2009 Deloitte Technology Fast 500™ program. Overall, Force10 ranked number 10 in Deloitte LLP’s ranking of the 500 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. Force10 Networks grew 24,528% percent during this period.
“We are honored to receive this recognition from the Deloitte Fast 500 program,” says Henry Wasik, Force10 president and CEO. “The ranking validates our vision that high performance data centers, service providers, and leading enterprise customers will continue to partner with vendors that demonstrate a commitment to innovation, quality and exceptional customer support.”
Force10 was one of only two private companies ranked in the top 10 for this year’s Technology Fast 500. The 2009 award marks the first year that the company has earned the prestigious ranking.
In addition to communications/networking, the other categories of the Fast 500 program are biotechnology/pharmaceutical, clean technology, computers/peripherals, Internet, semiconductor, medical equipment, media and entertainment, scientific/technical instrumentation and software.
Technology Fast 500 Selection and Qualifying Criteria
In order for Force10 to have achieved its Fast 500 rankings this year, the company must have met several criteria, including:
- Five-year history in business
- Headquartered within North America
- FY 2004 operating revenues must have been at least $50,000, FY 2008 operating revenues must have been at least $5 million
- Revenues must have more than doubled from FY 2004–2008
- Must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues
Established in 1997, the Deloitte Technology Fast 500 program is based on percentage revenue growth for both public and private companies over a five-year period, while recognizing all areas of technology, ranging from Internet and life sciences to computers and semiconductors. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Force10 Networks
Force10 Networks develops high-performance data center solutions powered by the industry’s most innovative line of open, standards-based, networking hardware and software. The company’s Open Cloud Networking framework grants Web 2.0/portal operators, cloud and hosting providers, enterprise and special-purpose data center customers new levels of flexibility, performance, scale and automation—fundamentally changing the economics of data center networking. Force10 Networks operates globally, providing 24x7 service and support to its customer base in more than 60 countries worldwide. For more information, visit www.force10networks.com.
Contact:
Michael Schoolnik
StoryPR on behalf of Force10 Networks Inc.
+1 415-674-3816
michael@storypr.com
Force10 Networks, the Force10 Networks logo, Force10, E-Series, Traverse, and TraverseEdge are registered trademarks and Open Cloud Networking, Z-Series, ZettaScale, ExaScale, S-Series, TeraScale, FTOS, Open Automation, are trademarks of Force10 Networks, Inc. All other company names are trademarks of their respective holders.
