WESTLAKE VILLAGE, Calif., Oct. 20, 2003 (PRIMEZONE) -- Nomadix Inc., the leading supplier of Public-access solutions, today announced that it ranked number seventy-seven on the 2003 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 1998-2002. Nomadix grew 5,751 percent during this period.
Nomadix's CEO, Patrick Parker, credits innovative technology and a fast growing Wi-Fi market with the company's 5,751 percent revenue growth over the past five years. Parker said, "By providing market-leading, cutting-edge technology for the rapidly growing Wi-Fi space, Nomadix continues to stay ahead of the curve, offering the most comprehensive Public-access solutions to meet the needs of our growing family of customers."
"Making the Deloitte Technology Fast 500 is a testament to a company's commitment to technology," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "With its 5,751 percent growth rate over five years, Nomadix has proven that its leadership has the vision and determination to grow in difficult conditions."
In addition to ranking on the Deloitte Technology Fast 500, Nomadix ranked fourth on the Los Angeles Technology Fast 50 list, which is a ranking of the 50 fastest growing technology firms in the greater Los Angeles area.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 20 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 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 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 Inc.
Nomadix is the leading supplier of solutions that create intelligent Public-access networks. The company sells a family of Access Gateways to carriers, service providers, wireless ISPs and licenses its Nomadix Service Engine (NSE) software to leading suppliers of networking equipment.
Nomadix is headquartered in Westlake Village, Calif., with sales offices in Europe, China, Japan, Singapore and South Korea. The company 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
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. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the U.S. member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, 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 name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the U.S. member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us.
Deloitte 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 is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.