EdgeCast Ranked 13th-Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500™
SANTA MONICA, CA – Nov. 14, 2012 – EdgeCast Networks, the world’s fastest and most reliable content delivery network, today announced it ranked #13 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. EdgeCast revenue grew 21,406% during this period, ranking #1 on the list among southern California companies. Alex Kazerani, EdgeCast chairman and chief executive officer, credits the high performance of EdgeCast’s global content delivery network with the company’s substantial revenue growth.
"During this unprecedented explosion in online content, demand for high-performance content acceleration and delivery services has helped drive this incredible growth," said Kazerani. "Our next-generation network performance and service has set us apart from the competition, and as a result we've grown to deliver more than four percent of the world's Internet traffic."
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo, partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of EdgeCast for this impressive accomplishment."
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About EdgeCast Networks Delivering any data, anywhere, anytime, EdgeCast is the world’s fastest and most reliable content delivery network. The EdgeCast network serves billions of objects per hour on behalf of its customers and carries a significant percentage of worldwide Internet traffic. To learn more, visit www.edgecast.com.
About Deloitte’s 2012 Technology Fast 500™ Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.
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