WESTLAKE VILLAGE, Calif., Oct. 25, 2004 (PRIMEZONE) -- Nomadix, Inc. (www.nomadix.com), the leading provider of intelligent network devices and interconnect services for organizations that own or operate public-access networks, today announced that it ranked Number 78 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1999-2003. Nomadix grew 3054 percent during this period.
Nomadix' CEO, Kurt Bauer, credits the company's technology foresight for positioning it to lead the rapidly growing Public-access market with 3054 percent revenue growth over the past five years.
"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Nomadix on becoming one of the 500 fastest growing technology companies in North America."
In addition to ranking on the Deloitte Technology Fast 500, Nomadix ranked fourth on the Los Angeles Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Los Angeles.
Overall, companies that ranked on the 2004 Technology Fast 500 had growth rates ranging from 329 to 437,115 percent over five years, with an average growth rate of 4,109 percent.
Fast 500 Selection and Qualifications The Fast 500 list is compiled from Deloitte's 19 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 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.
Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About Nomadix
Nomadix is the leading provider of intelligent network devices and interconnect services that make nomadic computing easy. The company offers the Nomadix Service Engine(tm) (NSE), which allows the public-access service operators and venue owners to deploy a cost effective, secure and easy to use high-speed Internet access offering. Nomadix Interconnect ServicesTM are a suite of services that provide intelligent roaming connectivity, content and application delivery in conjunction with the NSE and other public access networks.
The company is headquartered in Westlake Village, Calif., with representatives in Europe, China, Singapore, South Korea, Australia and Latin America. Nomadix sells and supports its products and services globally through licensing and OEM partnerships, Value Added Resellers and Systems Integrators. For additional information, please visit http://www.nomadix.com or call +1-818-597-1500.
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. "Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte's web site at www.deloitte.com/us.
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