Network Security Solution Provider Named Technology Fast 50 Rising Star

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Vernier Networks is named sixth fastest-growing Silicon Valley tech company. Vernier leads the secure network access management market.

http://www.verniernetworks.com -- Vernier Networks®, developer of the industry’s only clientless network access management products, recently announced that it has been awarded the prestigious Technology Fast 50 Rising Star by Deloitte & Touche LLP. Ranked sixth on the list, Deloitte selects the 50 fastest growing technology companies in Silicon Valley based on percentage revenue growth during a five year span.

“The secure network access market is one of the hottest growth areas in security and this award not only confirms Vernier as an emerging leader but validates the market itself,” said Simon Khalaf, chief executive officer for Vernier Networks. “We are extremely proud that Deloitte has recognized Vernier Networks as one of the fastest growing technology companies in the Silicon Valley, as it is a testament to our staff’s hard work, our strong customer traction and continued focus on innovation.”

Vernier offers clientless network access management appliances and network security solutions to significantly reduce the risk of security threats and intrusions from external devices, and limit access to sensitive assets on the network. The company has seen revenues nearly triple in the last quarter for its award-winning EdgeWall network access management appliance.

“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today’s very competitive technology environment,” said Jonathan Dharmapalan, managing partner of the Northern Pacific Technology, Media and Telecommunications practice at Deloitte. “We applaud the success of Vernier and acknowledge it as one of the very few to accomplish such a fast growth rate during the past five years.”

To qualify for the Technology Fast 50 Rising Star category, companies must have had operating revenues of at least $50,000 in 2002 and $1,000,000 in 2004, be headquartered in Silicon Valley, and be a “technology company,” defined as a company that owns proprietary technology 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 in a unique way does not qualify.

Winners of the 15 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 companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Vernier Networks

Vernier Networks offers the industry’s only clientless network access management products that enable enterprises to assure business continuity. Deployed at the network edge, Vernier’s EdgeWall security appliance provides comprehensive network access management to defend against intrusions and attacks on the network by screening users and devices, restricting access, inspecting traffic for worms and viruses, and enforcing access policy. Vernier’s proven network security solutions operate today in thousands of networks for hundreds of customers worldwide, and have received numerous awards including the eWEEK Excellence Award in 2005, InfoWorld’s 2004 Technology of the Year Award and the 2003 Product of the Year Award from Network Magazine. Vernier is a privately held company headquartered in Mountain View, Calif. and can be found on the Web at http://www.verniernetworks.com.

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Dan Gould