Also Ranked the 195th Fastest Growing Company Nationwide, Attributes 698 Percent
Revenue Growth to New Products, Upgrades to Current Platforms and Market
Transition to FTTP
SANTA BARBARA, Calif.--(Business Wire)--
Occam Networks, Inc., (Nasdaq:OCNW) a leading broadband access supplier offering
multiservice access platform (MSAP) solutions based on pure packet technologies,
today announced that Deloitte LLP has ranked the company among the top 10
fastest growing in the Los Angeles Region and 195th fastest growing technology
company in North America. Each year, Deloitte ranks the 500 fastest-growing
technology, media, telecommunications, life sciences and clean technology
companies in North America. This year`s rankings are based on percentage of
fiscal year revenue growth during the five year period from 2004-2008. Occam
fiscal year revenues grew 698 percent during this period.
"We remain focused on our core mission, providing telecom service providers with
the solutions necessary to offer their subscribers an exciting range of new
voice, data and video services," said Bob Howard-Anderson, Occam Networks`
President and CEO. "These services help ensure customer loyalty as well as
create new revenue streams for service providers. In particular, our emphasis on
easing the transition from all copper networks to mixed copper/fiber or all
fiber networks has moved Occam to a leadership position as a broadband access
provider."
"Deloittes` Technology Fast 500 recognizes innovative companies that have broken
down barriers to success and defied the odds with their remarkable five-year
revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media
and Telecommunications leader, Deloitte LLP. "We congratulate Occam Networks on
this accomplishment."
"With its impressive five-year growth, Occam Networks has earned its position
among one of the fastest growing technology companies in North America," said
Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte
LLP. "Deloitte is proud to honor Occam for this major achievement."
The Deloitte Technology Fast 500 provides a ranking of the fastest growing
technology, media, telecommunications, life sciences, and clean technology
companies in North America. This ranking is compiled from nominations submitted
directly to the Technology Fast 500 website, and public company database
research conducted by Deloitte. Technology Fast 500 award winners for 2009 are
selected based on percentage fiscal year revenue growth during the five year
period from 2004-2008.
To be eligible for Deloitte Technology Fast 500 recognition, companies must own
proprietary intellectual property or proprietary technology that contributes to
a significant portion of the company`s operating revenues. Using other
companies` technology or intellectual property in a unique way does not satisfy
this requirement. Consulting companies, professional service firms, etc. are not
eligible unless they have proprietary technology that contributes to a
significant portion of their operating revenues.
Deloitte`s Technology Fast 500 award eligibility requirements also include
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. These revenues must have
more than doubled between 2004 and 2008. Additionally, companies must be in
business for a minimum of five years, and be headquartered within North America.
About Occam Networks, Inc.
Occam Networks' broadband access solutions empower service providers to offer
profitable new voice, data and video services over copper and fiber. Occam
systems deliver flexibility and scalability in a Triple Play world. Over 2.5
million BLC 6000 ports are currently deployed at over 340 service providers
worldwide. For more information, please visit www.occamnetworks.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see
www.deloitte.com/about for a detailed description of the legal structure of
Deloitte LLP and its subsidiaries.
Stearns Johnson Communications
Johnny Truong, 415-397-7600
occam@stearnsjohnson.com
Copyright Business Wire 2009
