Richardson, TX, (PRWEB) October 23, 2006 —
Glow Networks, Inc. (http://www.glownetworks.com) today announced that it ranked Number 382 on Deloitte’s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001–2005. Glow Networks, Inc. grew 319 percent during this period.
Glow Networks’ Founder & President, Dr. Jay Srinivasan credits customer focus, quality and responsiveness for the company's impressive revenue growth from 2001–2005. He said, "We are honored to be amongst this select group of rapidly growing companies. Glow Networks has achieved exceptional growth over the past few years, during which time it has significantly extended its service portfolio, added prestigious new accounts to its clientèle and deepened its relationships with some of the leading telecom companies. We are constantly striving to maintain or improve on our growth. When you separate the Communications/Networking industry group on Deloitte’s 2006 Technology Fast 500, we are ranked 44th in that group, making us one of the top 50 fastest growing Communications/Networking companies in North America."
"Making Deloitte’s Technology Fast 500 is commendable in today’s highly competitive technology industry," said Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. "We congratulate Glow Networks on being one of the 500 fastest growing technology companies in North America."
In addition to ranking on Deloitte’s Technology Fast 500, Glow Networks, Inc. ranked 42 on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas.
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.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’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 $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 Glow Networks, Inc.
Founded in 1999, Glow Networks (http://www.glownetworks.com) is a privately-held, Minority Business Enterprise headquartered in Richardson, Texas. Exclusively focused on networks and the core ingredients that are essential to network performance, the company provides end-to-end research, consultancy and engineering services with the aim of improving operational and financial performance of network technologies. With a team of over 175 engineers & consultants, the company caters to the entire life cycle of networks from analysis to design, deployment, optimization and management.
As a TL 9000- and ISO 9001- certified company, Glow Networks is a preferred supplier to many of the leading telecom equipment vendors. It is the recipient of the "Diversity Supplier of the Year" award from Nortel and a nomination for the "Minority Business Enterprise of the Year" award from Alcatel for 2005 and 2006. The company was also listed amongst the Top 50 companies in the Dallas-Fort Worth area based on annual revenues in 2005 by the Dallas Morning News, and also ranked amongst the Top 50 fastest growing technology companies in the Dallas-Fort Worth area based on percentage revenue growth over five years (2001 to 2005), as announced by Metroplex Technology Business Council. In recognition of its phenomenal growth during the 2003-2005 timeframe, Glow Networks is also among the list of Dallas 100 winners co-founded by the Caruth Institute of Entrepreneurship at the SMU COX School of Business, Dallas.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. 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 world’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.
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.
In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and 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. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm’s Web site at http://www.deloitte.com/us.