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MegaPath Named To Deloitte Technology Fast 50 For Third Consecutive Year
Company's Leading Services Solve Critical Business Communications Requirements
COSTA MESA, CA, October 27, 2008 – MegaPath Inc., the leading provider of managed IP data, voice, and security services in North America, today announced it has been ranked 19 on the Deloitte Technology Fast 50 for the Orange County region. Deloitte’s Fast 50 program is a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003–2007.
MegaPath’s fully managed services provide organizations with reliable, consistent and cost-effective voice and data capabilities to support all of their business needs. Over the last six months, MegaPath has continued to expand its comprehensive nationwide footprint with high-speed Wireless Broadband, Ethernet, and Bonded T1 access options. The company has also made significant upgrades to Duet, its flagship voice and data service, improving service flexibility and its ability to support customers’ existing infrastructure investments.
“We are honored to be recognized as one of Orange County’s fastest growing companies by Deloitte for the third consecutive year,” said Beth Tyebjee, Senior Vice President of Marketing at MegaPath. “MegaPath is highly focused on delivering leading-edge services that enable our customers to improve productivity, customer service and revenue. We are always looking to raise the bar and will continue to be a leader in the Orange County technology business community.”
In order to qualify for Deloitte’s Technology Fast 50, companies must own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues, or devote a significant proportion of revenues to the research and development of technology. In addition, companies are required to have revenues of at least $50,000 in 2003 and $5,000,000 in 2007, as well as be headquartered in North America.
“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years,” said Rob Lucenti, Managing Partner, Orange County Practice, Deloitte & Touche LLP. “MegaPath has proven to be one of the fast-growth success stories in Orange County, and we applaud their dedication to making their vision a reality.”
Companies from the regional Technology Fast 50 programs are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s 500 fastest growing technology companies. In 2006, MegaPath was ranked 419 on the Technology Fast 500 with 276 percent growth.
MegaPath is consistently recognized for its innovation and industry leadership. In August, the company was named one of the Fastest-Growing Private Companies in the United States by Inc. Magazine and earlier this year it received VON Magazine’s Innovator Award. The Company’s services also continue to receive industry accolades with Duet being named Internet Telephony’s 10th Annual Product of the Year 2007, and the company’s Business Continuity SSL and Retail Site SSL services received Communications Solutions 2007 Product of the Year awards.
To view MegaPath’s awards visit: http://www.megapath.com/pressroom/?tab4
Contact:
Kristine Gager
Welz & Weisel Communications
(703) 218-3555
kristine@w2comm.com
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About MegaPath Inc.
MegaPath is the leading provider of managed IP communications services in North America. MegaPath leverages its wide selection of broadband connectivity, Virtual Private Networks, Voice over IP (VoIP) and security technologies to enable businesses to lower costs, increase security and enhance productivity. Businesses of all sizes can easily and securely communicate between their headquarters, branch offices, retail locations, mobile workers, and business partners.
To learn more about why over 22,000 companies have chosen MegaPath’s managed IP data, voice and security services to improve their business communications, visit www.megapath.com or call 1-877-MegaPath (634-2728).