Stratos announced that it is ranked sixth on the 2001 Deloitte & Touche Technology 500, a ranking of the 500 fastest growing technology compani
es in North America. Rankings are based on five-year percentage revenue growth from 1996-2000. Stratos' revenue growth over this period was an explosive 73,000 percent.
"Ranking sixth this year in the Fast 500 further validates that our acquisition and organic growth strategy made sense in today's rapidly evolving marketplace," said Carmen Lloyd, Stratos CEO. "This approach, combined with a strong customer-centric focus, has afforded Stratos the infrastructure, the expertise, and the technology to truly provide value-added, remote communication solutions to our customers around the world, and has rewarded us with extremely rapid growth."
"Making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership, commitment to technology, and ability to deliver the right solution at the right time," said Mark A. Evans, managing director, Deloitte & Touche Technology & Communications Group.
"With its 73,000% five-year growth rate, Stratos has proven that its leadership has the vision and determination to succeed, and we at Deloitte and Touche salute their accomplishments."
In addition, Stratos ranked 1st on the Canadian Technology Fast 50, which is a ranking of the fastest growing technology firms in Canada.
The Fast 500 list is compiled from three sources: winners of Deloitte & Touche's 22 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1996 revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively. Entrants are public or private companies headquartered in North America, and must be a "technology company," defined as a company that develops proprietary technology which contributes to a significant portion of the company's operating revenues, manufactures a technology-related product, or devotes a high percentage of effort to research and development of technology.