MegaPath Named One of Orange County's Fastest-Growing Companies by Deloitte's Technology Fast 50 Program
Company Attributes Growth to Innovative Services that Address Customers Internet, Voice and Security Needs
COSTA MESA, CA, October 18, 2007 -- MegaPath
Inc., the leading provider of managed IP data, voice and security
services in North America, today announced it has been named to Deloitte's
prestigious Technology Fast 50 Program for Orange County, a ranking
of the 50 fastest-growing technology, media, telecommunications and
life sciences companies in the area 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 2002–2006.
“MegaPath enables our customers to focus
on running their businesses, by making sure their
employees are connected, protected and productive,” said
James Cragg, President and COO of MegaPath. “We
are honored to rank in the Deloitte & Touche
Orange County Fast 50 because it recognizes our
strong leadership in providing high-quality products
and services to small-to-medium size businesses
and it recognizes the continued growth we have
worked diligently to achieve.”
MegaPath's increase in revenues of 908.7 percent
from 2002 to 2006 resulted in a No. 9 ranking in
the Technology Fast 50 for Orange County. The average
increase in revenues among companies who made the
Technology Fast 50 for this region was 732.6 percent.
“Deloitte’s Orange County Technology
Fast 50 companies have shown the strength, vision
and tenacity to succeed in today’s very competitive
technology environment,” said Rick Rayson,
Managing Partner, Orange County Practice, Deloitte & Touche
LLP. “We applaud the successes of MegaPath
and acknowledge it as one of the very few to accomplish
such a fast growth rate over the past five years.”
To qualify for the Technology Fast 50, companies
must have had operating revenues of at least $50,000
in 2002 and $5,000,000 in 2006, be headquartered
in North America, 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.
Companies from 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 www.fast500.com.
Contacts:
Greg Davis
MegaPath Inc.
(678) 367-4905
greg.davis@megapath.com
Tony Welz
Welz & Weisel Communications
(703) 218-3555
Tony@W2comm.com
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About MegaPath
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). |