NetScout Systems, Inc. Ranked Number 396 Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™
Date: Friday October 21, 2011
WESTFORD, Mass. — October 21, 2011 — NetScout® Systems, Inc., today announced it ranked number 396 on Deloitte’s Technology Fast 500™, an annual ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. According to Deloitte’s report, NetScout grew 197 percent during the period reviewed. Previously, NetScout ranked 397 overall as a Technology Fast 500™ award winner for 2010.
“NetScout, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth – against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes NetScout for its remarkable accomplishment.”
“We are pleased to honor NetScout as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, NetScout has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
According to Deloitte’s report, the 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent during the review period of 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About NetScout Systems, Inc.
NetScout Systems, Inc. (NASDAQ: NTCT) is the market leader in Unified Service Delivery Management enabling comprehensive end-to-end network and application assurance. For 27 years, NetScout has delivered breakthrough packet-flow technology that provides trusted and comprehensive real-time network and application performance intelligence enabling unified assurance of the network, applications and users. These solutions enable IT staff to predict, preempt and resolve network and service delivery problems while facilitating the optimization and capacity planning of the network infrastructure. NetScout nGenius® and Sniffer® solutions are deployed at more than 20,000 of the world’s largest enterprises, government agencies, and more than 130 service providers, on over 740,000 network segments to assure the network, applications, and service delivery to their users and customers.
More information about NetScout is available at http://www.netscout.com.
NetScout, nGenius, InfiniStream and Sniffer are registered trademarks of NetScout Systems, Inc.