Atlanta, Georgia – (The Hosting News) – October 24, 2006 – Web hosting and managed integrated VoIP services provider, Cbeyond, has ranked Number 22 on Deloitte’s 2006 Technology Fast 500, as one of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
Based on percentage revenue growth over five years, from 2001 to 2005, Cbeyond grew 10,956 percent during this period, from $1.4 million to $159.1 million. Jim Geiger, Chief Executive Officer at Cbeyond explained, “CbeyondÃ¢â‚¬â„¢s IP-based network and managed services platform have enabled us to provide an integrated package of voice, broadband Internet and mobile services to more than 23,714 customers in six markets. We believe our rapid growth validates the demand small businesses have for service features typically available only to large enterprises.”
Tony Kern, Deputy Managing Principal of Deloitte’s Technology, Media and Telecommunications industry practice added, ”Sophisticated technology is becoming the norm and is in almost everything in the 21st century. Cbeyond has developed technology solutions that deliver in today’s highly competitive world, and we applaud their efforts, ingenuity and teamwork in becoming one of the fastest growing technology companies in North America.”
In addition to ranking on Deloitte’s Technology Fast 500, Cbeyond was ranked second of the 50 companies on the Southeast Technology Fast 50, which is a ranking of the fastest growing technology firms in Georgia, on the heels of experiencing a 10,956 percent revenue growth over the past five years.
Overall, companies that ranked on the 2006 Technology Fast 500 had growth rates ranging from 209 to 48,948 percent over five years, with an average growth rate of 2,145 percent. The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from DeloitteÃ¢â‚¬â„¢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 2001 to 2005.
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 US$50,000 or C$75,000, and current-year operating revenues must be at least US$5 million or C$5 million. Companies must be in business a minimum of five years, and they must be headquartered within North America.
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 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas: audit, tax, consulting and financial advisory services and serves more than one-half of the worldÃ¢â‚¬â„¢s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth 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.
Cbeyond is an Atlanta-based managed services provider that delivers integrated packages of voice, mobile and broadband services to small businesses in Atlanta, Chicago, Dallas, Denver, Houston and Los Angeles. Cbeyond offers core communications services like local and long-distance voice, mobile and broadband Internet access along with enhanced applications, including voicemail, email, web hosting, fax-to-email, data backup, file-sharing and VPN. Cbeyond manages its services over a private, 100-percent Voice over Internet Protocol (VoIP) facilities-based network.
To learn more about Deloitte, please visit: www.deloitte.com/us.
For more information about Cbeyond, please visit: www.cbeyond.net.