2Wire Ranks 26th on Inc. 500 List of Fastest-Growing Private Companies in America

San Jose, Ca - October 21, 2004 - 2Wire, Inc., a provider of broadband service platforms for the DSL market, has been named by the 2004 Inc. 500 list as one of the fastest-growing private companies in the United States. 2Wire was ranked as #26 on the list of 500 fastest-growing companies.

"It is a great honor to be included in this very prestigious listing," said Brian Hinman, president and CEO of 2Wire. "Our phenomenal growth and success up to this point is a tribute to the dedication and drive of our employees, and the progressive vision of our telecom service provider partners."

"The best thing you can say about this year’s crop of Inc. 500 entrepreneurs is that they didn’t buy into the hype," said Inc. editor-in-chief John Koten. "When people were practically giving away funding in the late 1990s, these companies didn’t overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity."

The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17%) on this year’s Inc. 500 say they plan to go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

To be eligible for this year’s Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

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™ digital entertainment services platform, 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 Internet Services, British Telecom plc and Telefonos de Mexico, S.A. de C.V. 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).

2Wire and HomePortal are registered trademarks of 2Wire, Inc. OfficePortal, MediaPortal, HyperG, and Greenlight are trademarks of 2Wire, Inc. All rights reserved.

 


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