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Bomgar™ Recognized in Deloitte Fast 500
Date: 10/23/07
Summary: Remote desktop software provider attributes 505 percent revenue growth to success in meeting customer needs
Bomgar™ named 12th fastest growing technology company in the nation
RIDGELAND, Miss. – October 23, 2007 – Bomgar Corporation has been named a Rising Star on Deloitte's 2007 Technology Fast 500. A special category, the Rising Star list ranks 20 companies that have been in business a minimum of three years, but less than five years. They are ranked based on percentage of fiscal year revenue growth over three years (2004 to 2006). Deloitte's Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
Bomgar's CEO Joel Bomgar credits increased customer adoption and product development tailored to the needs of its users as the primary reasons why the company has enjoyed 505% revenue growth over the past three years. He said, "We are thrilled and honored to be selected as the 12th fastest growing company in the nation among other market leaders. This recognition validates the overall market growth for remote technical and customer support, positioning Bomgar at the forefront of this industry expansion."
"Deloitte's Technology Fast 500 Rising Stars honors young companies that have gained early traction in today's highly competitive technology marketplace based on percentage of revenue growth," said Phil Asmundson, Vice Chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We applaud Bomgar for being one of only 20 companies to achieve the Rising Star ranking in 2007."
Rising Star Qualifications
To qualify as a Fast 500 Rising Star, entrants must have had 2004 operating revenues of at least $50,000 USD or $75,000 CD, for the United States and Canada, respectively, and 2006 operating revenues of at least $5 million USD or CD.
Entrants must be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues, or devote a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
About Bomgar Corporation
Based in Ridgeland, Miss., Bomgar Corporation, formerly NetworkStreaming, specializes in appliance-based solutions for remote desktop support. Bomgar™ allows companies to connect to remote clients and co-workers via the Internet anywhere in the world, in less than 10 seconds. The company is the only provider in the industry offering an appliance-based solution, providing companies with an unparalleled level of security and the ability to scale efficiently. Backed by venture capital, Bomgar has grown steadily since its inception in 2003, securing more than 3,000 customers in all 50 states in the US and over 40 countries, in addition to resellers in Canada, South Africa and the U.K.
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.
Melissa Taylor Dent
VP of Marketing Communications, Bomgar Corporation
mdent@bomgar.com
601-519-0139
Jennifer Lake
Lois Paul & Partners
jennifer_lake@lpp.com
512-638-5313
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