2Wire Ranked on 2005 Deloitte Technology Fast 50 / 500 List of the Fastest Growing Technology Companies in North America and Silicon Valley
Named #7 in Silicon Valley, #51 in North America - Attributes its 433% revenue growth to unique business model
San Jose, California - October 26, 2005 - 2Wire today announced that it is ranked on the 2005 Deloitte Technology Fast 50 / 500, a ranking of the 500 fastest growing technology companies in North America and the 50 fastest growing technology companies in the Silicon Valley region. 2Wire was named #51 on the Fast 500 and #7 on the Fast 50. Rankings are based on percentage revenue growth over five years, from 2000-2004. 2Wire grew 433% during this period.
2Wire’s President and CEO, Brian Hinman, attributes the company’s rapid revenue growth to its unique business model, which focuses exclusively on supporting the needs of telecom broadband service providers.
"This commitment was made early on in 2Wire’s development," said Hinman. "Some industry watchers considered it to be a high-risk decision, as it ruled out other distribution channels such as broadband cable operators and retail sales. But by focusing exclusively on telecom carriers, we were able to establish an intimate understanding of the industry’s needs, and partner with the carriers to develop long-term solutions. This led to extremely strong relationships with our customer base, which allowed us to survive and even flourish during the economic downturn, when other telecom and high tech vendors were suffering."
The telecom industry embraced the company’s proposition, and 2Wire’s customers now consist of the world’s major DSL broadband service providers, including telcos in North America, Europe, Latin America and Asia.
"Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company’s product and its leadership," said Tony Kern, deputy national managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. "2Wire has shown the right stuff for growth."
Fast 500 Selection and Qualifications
The Fast 500 list is complied from Deloitte’s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.
Entrants must be headquartered in North America and must 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.
About 2Wire
2Wire is a provider of broadband service platforms for the DSL market. 2Wire’s suite of solutions offers DSL providers an integrated triple play of data, voice, and media services. 2Wire’s products and services include the award-winning HomePortal® residential gateways, the MediaPortal™ set top box, and a robust Component Management System (CMS) for service management and provisioning. 2Wire’s products are distributed exclusively by the major DSL service providers, including SBC Communications, BT, and TELMEX. Headquartered in San Jose, California, 2Wire was founded in July 1998 by Brian L. Hinman, a co-founder of PictureTel Corporation (formerly NASDAQ: PCTL) and Polycom, Inc. (NASDAQ: PLCM).
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 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.
2Wire and HomePortal are registered trademarks of 2Wire, Inc. in the United States and in other jurisdictions throughout the world. MediaPortal is a trademark of 2Wire, Inc. For more information, visit www.2Wire.com.
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