NetQoS Named One of Texas' Fastest Growing Technology Companies in Deloitte's Texas Technology Fast 50 Program
NetQoS, a provider of network performance management products and services for Global 2000 enterprises, has been recognized for the third consecutive year as one of the fastest growing technology companies in Texas in Deloittes Texas Technology Fast 50 Program. NetQoS ranks number 7 in Texas for 3,347 percent revenue growth over five years.
Austin, TX (PRWEB) August 24, 2006 — For the third consecutive year, NetQoS® Inc., a provider of network performance management products and services for Global 2000 enterprises, has been named to Deloittes Texas Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in the state. Sponsored by Deloitte & Touche USA LLP, one of the nations leading professional services organizations, the rankings are based on the percentage revenue growth over five years from 20012005.
NetQoS increased revenues 3,347 percent from 2001 to 2005, resulting in a number seven ranking in the Texas Technology Fast 50. The average increase in revenues among companies who made the Texas Technology Fast 50 list was 2,225 percent.
To be recognized by Deloitte as one of the fastest growing companies in Texas for the third year in a row is a gratifying tribute to our employees, who develop and market the network performance management products and services large organizations need to optimize their networks, said Joel Trammell, NetQoS CEO. We are rapidly expanding our workforce and building the customer and partner relationships, both nationally and internationally, needed to sustain our growth.
Sustaining high revenue growth over five years is an exceptional accomplishment. We commend NetQoS for making the commitment to technology and delivering on the promise of market longevity, said Skip Moore, Regional Managing Partner, Technology, Media and Telecommunications, Deloitte & Touche LLP. We are proud to honor NetQoS as a Deloitte Technology Fast 50 winner for the third consecutive year.
To qualify for the Texas Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Texas, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the companys 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.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloittes Technology Fast 500 program, which ranks North Americas top 500 fastest growing technology, media, telecommunications and life sciences companies. In 2005, NetQoS ranked number 31 on the Fast 500 list. For more information on Deloittes Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
Also today, NetQoS was named to the Inc. 500 list of the nations fastest growing private companies for the second consecutive year. CEO Trammell recently won a 2006 Ernst & Young Entrepreneur of the Year award for the Austin region and was also named the Austin Business Journals 2005 Private Company Executive of the Year. In addition, NetQoS was selected to the 2005 Red Herring 100 Private Companies of North America list, which recognized the company for its compelling technology and strong customer base.
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About NetQoS Inc.
NetQoS software and services help large organizations — including 8 of the Fortune 12 — improve the delivery of applications over wide area networks by enabling them to monitor application service levels, troubleshoot problems quickly, and plan for change. Representative NetQoS customers include Chevron, Lockheed Martin, American Express, Hilton Hotels, Siemens, Boeing, Deutsche Telekom, NASA, and Barclays Global Investors. For more information, visit http://www.netqos.com or call (877) 835-9575.
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