SAN MATEO, CA--(Marketwire - October 25, 2010) - IntelePeer Inc. (www.intelepeer.com), a leader in the delivery of communications via cloud-based infrastructure, today announced that it ranked number 177 on the Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009.
IntelePeer's revenues grew 573 percent during this period. IntelePeer's chairman and chief executive officer, Frank Fawzi credits this impressive growth to the company's compelling value proposition during a global recession when its customers depended on doing more with less.
"Our global peering network and next-generation Communications-as-a-Service platform has allowed our customers to dramatically reduce their communications costs, improve the quality and reliability of their communications and benefit from the enhanced features our platform offers," said Frank Fawzi. "Through this platform, our customers can get the most from their unified communications with features like rich media and multi-modal communications across any wireline, wireless or IP connected device. We enable our customers to join our federation of over 422M telephone numbers, leveraging it to lower their cost of communications as well as benefiting from end-to-end all-IP communication where possible. Because of this, IntelePeer is in a strong position to continue our extraordinary performance driven by the conversion of communications from legacy networks to our all-IP platform."
"IntelePeer and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends IntelePeer for this impressive accomplishment."
"IntelePeer has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
IntelePeer was named a Rising Star in Deloitte's Technology Fast 50 program for Silicon Valley in 2008.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com
About IntelePeer
IntelePeer Inc., www.IntelePeer.com, is revolutionizing the delivery of communications, enabling carriers, service providers and enterprises to access communication services from the Cloud. Through the company's innovative, communications-as-a-service (CaaS) platform, IntelePeer AppworX™, SuperRegistry™ of more than 422 million telephone numbers and an extensive Voice Peering Network, IntelePeer provides the leading hosted platform to deliver high-quality interactive voice, video, SMS, data and other rich-media services to any wireline or wireless phone or IP connected device, worldwide. IntelePeer's solutions accelerate and simplify the transformation from legacy TDM to next-gen IP networks, enable new communications experiences that generate revenue and enhance productivity, and provide significant cost savings on telecommunication expenditures. Based in San Mateo, Calif., IntelePeer operates its own carrier-grade network, carrying more than 18 billion minutes annually, with worldwide coverage delivered through an IP and TDM peering grid with over 50 leading service provider peering partners. IntelePeer is privately held and is backed by venture capital firms VantagePoint Venture Partners, Kennet Venture Partners, NorthCap Partners and EDF Ventures.
IntelePeer, AppworX and SuperRegistry are trademarks of IntelePeer Inc. All rights reserved worldwide. Other trademarks referenced are the property of their respective owners.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Contact Information:
Contact:
Scott VanSickle
The Hoffman Agency
(408) 975-3084
svansickle@hoffman.com