ATLANTA, Nov 02, 2010 (BUSINESS WIRE) -- Cbeyond, Inc. (NASDAQ:CBEY, news, filings), (www.cbeyond.net), a leading provider of business communications and IT solutions to more than 53,000 small businesses across the country, today announced that it ranked number 476 on Technology Fast 500(TM), Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Cbeyond grew 160 percent during this period.
Ranked on the Deloitte Technology Fast 500(TM) for the fourth time, Cbeyond CEO Jim Geiger credits the company's growth to its increased application portfolio designed for small businesses, growth into new markets and focus on creating a positive customer experience.
"Many things have changed at Cbeyond since 2005," said Geiger. "We increased our application portfolio to include mobile and cloud-based services such as Hosted Microsoft Exchange, and we nearly tripled our U.S. footprint from five offices in 2005 to 14 in 2010. During the past five years, however, some things have remained the same, such as our commitment to providing small businesses with the services they need to grow and to provide the best customer experience while doing so."
"Cbeyond and the other 2010 Technology Fast 500(TM) winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Cbeyond for this impressive accomplishment."
"Cbeyond has proved itself to be one of the fastest growing technology companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500(TM)," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Cbeyond provides more than 30 productivity-enhancing applications to small businesses, including voice, broadband, mobile, messaging, security and marketing services. For more small business information and to learn about Cbeyond's portfolio of IT and communications services, visit www.cbeyond.net/smb.
For additional details on the Technology Fast 500(TM) including selection and qualifying criteria, visit www.fast500.com.
To view a social media version of this news release, visit http://pitch.pe/95673.
Cbeyond, Inc. (NASDAQ: CBEY) is a leading provider of IT and communications services to more than 53,000 small businesses throughout the United States. Recently named as the sixth fastest growing technology company by Forbes magazine, and added to Standard & Poor's Small Cap S&P 600 Index, Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry(R), broadband laptop access, voicemail, email, web hosting, fax-to-email, data backup, file-sharing and virtual private networking. Cbeyond delivers these services over a 100 percent private all IP network. For more information on Cbeyond, visit www.cbeyond.net and follow Cbeyond on Twitter: www.Twitter.com/Cbeyondinc.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Cbeyond, Inc. Shana Keith, 678-384-8304 firstname.lastname@example.org
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