This recognition marks the fifth time the company has now made the prestigious list.
FAIRPORT, N.Y. - October 20, 2011 (Print-friendly PDF file)
This week, PAETEC Holding Corp. (NASDAQ GS: PAET), which provides data, voice, and Internet solutions to business-class customers nationwide, was named to Deloitte's 2011 Technology Fast 500 list for the third consecutive year, and the fifth time total. PAETEC's 2011 rank is #423 of 500.
The Deloitte 2011 Technology Fast 500 recognizes the fastest-growing technology, media, telecommunications, life sciences, and clean technology companies in North America. Companies were selected based on the percentage of fiscal year revenue growth from 2006 to 2010. This is the fifth time that PAETEC has appeared in this annual ranking. The company was ranked #409 in 2010, #414 in 2009, #154 in 2004, and #2 in 2003.
"This continued recognition from Deloitte reflects the unmatched service delivered everyday by our employees and the acquisitions that improve our service capabilities," said Arunas Chesonis, PAETEC's chairman and CEO. "Our customer-focused growth strategy has always been intent on staying close to our customers and enhancing our products and services to meet their needs."
Overall, Technology Fast 500 award winners for 2011 had revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent. For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit http://www.deloitte.com/us/fast500/.
About Deloitte's 2011 Technology Fast 500TM
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
PAETEC (NASDAQ GS: PAET) is personalizing communications and energy solutions in 86 of the top 100 metropolitan areas across the United States. We offer a comprehensive suite of network services (voice, data and fiber solutions), as well as managed services, cloud and data center services, software and technology, and energy services. For more information, visit www.paetec.com.