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Deloitte Includes Occam Networks on List of Top 10 Fastest Growing Companies in Los Angeles

Sat. October 31, 2009; Posted: 11:27 PM
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Oct 31, 2009 (Close-Up Media via COMTEX) -- OCNW | Quote | Chart | News | PowerRating -- Occam Networks, Inc., a broadband access supplier offering multiservice access platform (MSAP) solutions based on pure packet technologies, announced that Deloitte has ranked the company among the top 10 fastest growing in the Los Angeles Region and 195th fastest growing technology company in North America.

Each year, Deloitte ranks the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. This year's rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008. Occam fiscal year revenues grew 698 percent during this period.

"We remain focused on our core mission, providing telecom service providers with the solutions necessary to offer their subscribers an exciting range of new voice, data and video services," said Bob Howard-Anderson, Occam Networks' President and CEO. "These services help ensure customer loyalty as well as create new revenue streams for service providers. In particular, our emphasis on easing the transition from all copper networks to mixed copper/fiber or all fiber networks has moved Occam to a leadership position as a broadband access provider."

"Deloittes' Technology Fast 500 recognizes companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte. "We congratulate Occam Networks on this accomplishment."

"With its five-year growth, Occam Networks has earned its position among one of the fastest growing technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte. "Deloitte is proud to honor Occam for this achievement."

The Deloitte 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 website, and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004-2008.

To be eligible for Deloitte 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. Using other companies' technology or intellectual property in a way does not satisfy this requirement. Consulting companies and professional service firms are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details for OCNW click here.

    


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