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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.
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