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ShoreTel Ranked Number 228 Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500

Posted on: Tue, 27 Oct 2009 16:05:00 EDT

Symbols: SHOR

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SUNNYVALE, CA, Oct 27, 2009 (MARKETWIRE via COMTEX) --
SHOR | Quote | Chart | News | PowerRating -- ShoreTel, Inc. (NASDAQ: SHOR), the leading provider of brilliantly
simple IP phone systems with fully integrated Unified Communications
(UC), today announced that it ranked number 228 on the Technology
Fast 500, Deloitte LLP'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 five-year period
from 2004 to 2008. ShoreTel grew 584 percent during this period.

ShoreTel's CEO, John Combs, credits engineering ingenuity and
customer satisfaction with the company's 584 percent revenue growth.
"ShoreTel has a laser-like focus on providing easy-to-manage,
simple-to-use solutions, on an architecture that is built for
reliability and growth. Our growing list of raving fans is a
testament to our success and the driving force behind our
year-over-year growth in the UC market. As we enter 2010, the number
of ShoreTel customers is set to well exceed 11,000 as we continue to
deliver brilliantly simple solutions to businesses worldwide."

Recent product and deployment announcements underscore ShoreTel's
continued success in 2009. The company recently announced ShoreTel
Contact Center 5.1, the latest version of its application suite
designed for contact centers around the world. ShoreTel Contact
Center 5.1 includes support for seven additional languages and
includes advanced reporting features that help dramatically improve
customer service while reducing deployment and maintenance costs.

ShoreTel's 2009 deployments have proved highly popular across
multiple verticals, ranging from the educational market to sports
organizations and government entities: Verizon Center; Grande Cache
Coal Corporation; the City of Richmond, Calif.; Hidalgo County,
Texas; InfoBunker, LLC; and the San Francisco Giants, are a few
examples among many others.

Technology Fast 500 Selection and Qualifying Criteria

Technology Fast 500 provides a ranking of the fastest growing
technology, media, telecommunications, life sciences and clean
technology companies in North America. This ranking is compiled from
nominations submitted directly to the Technology Fast 500 Web site,
and public company database research conducted by Deloitte LLP.
Technology Fast 500 award winners for 2009 are selected based on the
percentage of fiscal year revenue growth during the five-year period
from 2004 to 2008.

To be eligible for Technology Fast 500 recognition, companies must
own proprietary intellectual property or proprietary technology that
contributes to a significant portion of the company's operating
revenues. Technology Fast 500 award eligibility requirements include a
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, these revenues must have more than doubled between 2004
and 2008. Also, companies must be in business for a minimum of five
years, and be headquartered within North America.

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