Richardson, TX (PRWEB) August 28, 2006
Glow Networks, Inc. (http://www.glownetworks.com) has been named to Deloitte's prestigious Texas Technology Fast 50 Program, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Texas by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001–2005.
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Glow Networks for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Glow Networks as a Deloitte Technology Fast 50 winner," said Skip Moore, Regional Managing Partner, Technology, Media and Telecommunications, Deloitte & Touche LLP.
Glow Networks President, Dr. Jay Srinivasan credits customer focus, quality and responsiveness with the company's 319 percent revenue growth from 2001–2005. Dr. Srinivasan said, "Over the past few years, Glow Networks has significantly expanded its service portfolio, added prestigious new accounts to its clientele and deepened its relationships with some of the leading telecom equipment vendors. While technology is at the heart of our solutions, our ultimate product is financial value to our customers. We are more committed than ever to help our customers save and make money with improvements to the efficiencies in our solutions."
Glow Networks' increase in revenues of 319 percent from 2001 to 2005 resulted in a 42nd ranking in the Texas Technology Fast 50. The average increase in revenues among companies who made the Texas Technology Fast 50 for this region was 2,225 percent.
To qualify for the Texas Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Texas, 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.
Winners of the 16 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 http://www.fast500.com.
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 160 engineers & consultants, the company caters to the entire lifecycle 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 – Class II" award from Alcatel for 2005. 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.
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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.