WESTLAKE VILLAGE, Calif., Sept. 10, 2003 (PRIMEZONE) -- Nomadix Inc. (www.nomadix.com), the leading supplier of Public-access solutions, today announced that it is ranked fourth in Deloitte & Touche's prestigious 2003 Los Angeles Technology Fast 50 program, a list of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002.
Nomadix' CEO, Patrick Parker, credits innovative technology and a fast growing Wi-Fi market with the company's 5,751 percent revenue growth from 1998-2002. Parker said, "Nomadix continually monitors the changing landscape of the mobile telecommunications market and responds to the needs and desires of the mobile community with fresh ideas and solutions that enhance their wireless experience."
Nomadix' increase in revenues of 5,751 percent from 1998 to 2002 resulted in an impressive fourth place overall ranking in the Fast 50 for the Los Angeles area. The fourth place ranking is a big leap from the company's 2002 inclusion on the Rising Stars list, a special designation for fast-growth technology companies that have been in business for only three or four years.
"To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche Technology Fast 50 winners have done," said Gary Dickey, partner in the Technology, Media & Telecommunications group, Deloitte & Touche. "We applaud Nomadix for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 50 companies in the Los Angeles area."
Nomadix is the leader in Public-access networking, powering over 10,000 points of presence throughout the world through a family of Access Gateways and licensee partners embedded software solutions. The company's gateways and solutions have been deployed to enable Wi-Fi(tm) HotSpots in a variety of venues including airports, hotels, convention centers, multiple dwelling units, college campuses, coffee shops and popular food chains.
To qualify for the Technology Fast 50, entrants must be public or private companies headquartered in North America that had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002. Entrants must also be a "technology company" defined as (1) owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or (2) devoting a significant proportion of revenues to research and development of technology.
This year's Los Angeles Technology Fast 50 program is co-presented by Deloitte & Touche, Applied Graphics Technology, Focus Creative, Marsh, Shaw Pittman, and in association with AeA, and Software Council of Southern California.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About Nomadix
Nomadix is the leading provider of Public-access Gateways and embedded software solutions, for creating intelligent networks that deliver transparent, secure, high-speed Internet access to the mobile user -- virtually anywhere they go.
The company is headquartered in Westlake Village, Calif., with sales offices in Europe, China, Japan, Singapore and South Korea. Nomadix sells and supports its products globally through 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 & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us.
About Deloitte & Touche Technology, Media & Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.