ServePath Ranked Number 77 Fastest Growing Company in North America on Deloitte’s 2007 Technology Fast 500
Leading Server Company Attributes its 2,143 Percent Revenue Growth to a Strict Focus on Customer Service and Addressing Customer Needs with Several Firsts to Market
San Francisco, Calif., October 23rd, 2007 — ServePath today announced that it ranked Number 77 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. ServePath grew 2,143 percent during this period.
ServePath’s CEO, John Keagy, credits focusing on customer service and providing many ‘firsts’ to the market with the company’s 2,143% revenue growth over the past five years. He said, "At ServePath, we focus on customer needs and delivering innovative services that meet the ever changing demands of our customers as their businesses thrive and grow. The many ‘firsts’ include introducing the concept of dedicated servers to the field of Internet computing and driving new technologies like grid-based hosting to the forefront of the managed server market. It’s not simply about profitability but knowing your customer and being quick to market. In addition, ServePath has been very fortunate to be located in Silicon Valley, with access to an incredible talent pool that has significantly contributed to the phenomenal growth of ServePath’s proprietary technology and services.”
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate ServePath on this significant accomplishment."
In addition to ranking on Deloitte’s Technology Fast 500, ServePath ranked 11 on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in California.
Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.
About ServePath
ServePath is San Francisco’s leading managed server provider, delivering custom solutions and managed services to businesses that need powerful Internet hosting platforms. Thousands of companies worldwide look to ServePath for its reliability, customization, and speed. ServePath has a Keynote-rated A+ network that is SAS 70 audited and compliant and guarantees uptime, backed by a 100% uptime, 10,000% Guaranteed™ Service Level Agreement. The employee-owned company has been in business for seven years and operates its own San Francisco data center. ServePath also provides colocation services through its ColoServe division.
For additional information:
Michael Sheehan
415-869-7446
michael@ServePath.com