Revenue Growth Attributed to Strong Customer Demand for Solutions That Safeguard Whole IT Systems
COLUMBIA, S.C. – (BUSINESS WIRE) – October 30, 2007 – Unitrends, a leading provider of innovative, integrated solutions that protect and restore critical data and systems, today announced that it ranked Number 375 on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. Unitrends grew 381 percent during this period.
Unitrends' president and CEO, Duncan McPherson, credits strong demand for reliable and rapid data protection and recovery solutions with the company's 381 percent revenue growth over the past five years. "As many companies in the West and Southeast have experienced, being able to quickly restore IT systems, applications and files after a disaster can mean the difference between success or bankruptcy," said McPherson. "Companies are increasingly focused on data protection and having a reliable IT disaster recovery system in place." Unitrends provides innovative and affordable backup and rapid recovery solutions to more than 1,000 customers worldwide.
"Deloitte's Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America's most innovative and competitive sectors," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate Unitrends on this significant accomplishment."
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth over five years, from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years and headquartered within North America.
Unitrends is a leading provider of innovative, integrated solutions that protect and restore critical data and systems. Unitrends' family of disk-to-disk backup appliances provides unmatched protection and rapid recovery of lost systems, applications and data. The company's local backup and off-site vaulting appliances eliminate the need for multi-vendor software and hardware, and deliver an integrated solution that is affordable for small- and medium-sized enterprises.
Information about Unitrends can be found at http://www.unitrends.com.
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