IPOWER Named Rising Star in Deloitte’s Technology Fast 500 Program | Article about:
Phoenix, Ariz. (October 19, 2006) – IPOWER, Inc.,has been named a Rising Star on Deloitte’s 2006 Technology Fast 500. A special category, the Rising Star list ranks 25 companies that have been in business three or four years.
IPOWER Named Rising Star in Deloitte’s Technology Fast 500 Program | They are ranked based on percentage revenue growth over three years (2003 to 2005). Deloitte’s Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
IPOWER’s CEO Thomas Gorny credits delivering high-value web hosting solutions at very competitive price points with the company’s stellar revenue growth. He said, “Listening to the customer is key. It then becomes a team effort across the company to bring to life valuable services that positively impact the customer’s bottom line. We are pleased to be recognized as one of the Top 25 fastest growing young companies in North America.”
“Making Deloitte’s Technology Fast 500 Rising Star is a testament to a company s vision that has resulted in exceptional growth over three years. IPOWER’s leadership team has the right stuff for growth, and Deloitte salutes their accomplishments," said Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice.
Rising Star Qualifications
To qualify as a Fast 500 Rising Star, entrants must have had 2003 operating revenues of at least $50,000 USD or $75,000 CD, for the United States and Canada, respectively, and 2005 operating revenues of at least $5 million USD or CD.
Entrants must be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company s operating revenues, or devote 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.
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