SANTA MONICA, CA – November 14, 2013 – EdgeCast Networks today announced that it ranked #87 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. This is the second year in a row that EdgeCast has made the list.
EdgeCast revenue grew 2,111 percent during this period, ranking 5th among southern California companies and 15th among all Internet companies in North America. EdgeCast, which raised $54 million in Series D financing in 2013, also recently introduced EdgeCast Transact, a complete PCI-compliant acceleration and optimization solution for the world’s largest online retailers, and EdgeCast Route, the company’s new globally-distributed managed DNS (Domain Name System) service.
“EdgeCast continues to experience profitability and explosive growth worldwide,” said Alex Kazerani, chairman and CEO of EdgeCast Networks. “Not only does our performance and service continue to set us apart, but we’ve introduced powerful new products and services that have helped propel our revenue growth.”
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 208,897 percent to 137 percent from 2008 to 2012, with an average growth of 2600 percent.
About EdgeCast Networks
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 substantial portion of the world’s 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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