IKANO
Communications Ranked the 175th Fastest Growing
Technology Company in North America on the 2004 Deloitte Technology
Fast 500.
Released on
= October 25, 2004, 3:01 pm
Press Release
Author = IKANO Communications
Industry = Internet
& Online
Press Release
Summary = IKANO Communications Ranked the 175th Fastest Growing
Technology Company in North America on the 2004 Deloitte Technology
Fast 500. IKANO Attributes its 1,253 Percent Revenue Growth to a
Philosophy of Innovation.
Press Release
Body = Salt Lake City — IKANO Communications, the nation’s
largest provider of private-label Internet services, today announced
that it ranked 175th on
the 2004 Deloitte Technology Fast 500 listing of the fastest growing
technology companies in North America. Highlighting both established
and emerging technology
companies, the rankings are based on percentage revenue growth over
five years, from 1999–2003. IKANO grew 1,253 percent during
this period.
IKANO’s
CEO, Henry Smith, credits the company’s commitment to innovation
and the efforts of its employees with the company’s 1,253%
revenue growth over the past five years. He said, "In an industry
such as ours, it is simply not possible to hold steady. We must
always be pushing forward and staying on the cutting edge. Our
employees understand this focus and work hard to make sure that
IKANO remains the premier company in our space."
“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 1,253% growth
rate over five years, IKANO Communications has proven that its leadership
has the vision and determination
to grow in difficult conditions.”
IKANO has received
a total of $33.5 million in venture capital funding. During the
past five years, the company expanded from 50 employees to more
than 325 employees. IKANO ranked 132nd in the 2004 Inc. 500 listing
of the nation’s fastest growing companies. In 2003, the Initiative
for a Competitive Inner City (ICIC) and Inc. Magazine ranked IKANO
Communications second in the “Inner City 100,” a listing
of the fastest growing companies located in America’s inner
cities. In addition, the Mountain West Venture Group ranked IKANO
the fifth fastest growing company in the state of Utah as part of
its 2003 Utah 100 Awards program.
The Fast 500
list is compiled from Deloitte’s 19 regional North American
Fast 50 programs, nominations submitted directly to the Fast 500,
and public company database research.
About IKANO
Stemming from the classical Greek word meaning, "to enable,"
IKANO is the market-leading enabler of private-label Internet services.
IKANO partners with Internet Service Providers to help reduce operating
costs, increase revenue and expand geographic reach/product offering.
IKANO is the parent company of SISNA, one of the nation's original
Internet Service Providers; Interhop/auracom, offering ISP
franchises and consumer Internet services throughout Canada; and
HOTSPOTZZ, one of the largest private providers of Wi-Fi hot spots.
IKANO served as the official network provider for the 2002 Winter
Olympic Games. For more information visit
www.ikano.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and affiliates.
As a Swiss Verein (association), 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 names “Deloitte,” “Deloitte & Touche,”
“Deloitte Touche Tohmatsu,” or other related names.
Services are provided
by the member firms or their subsidiaries or affiliates and not
by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte
Touche Tohmatsu. In the U.S., services are provided by the subsidiaries
of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte
Consulting LLP, Deloitte Tax LLP, and their
subsidiaries), and not by Deloitte & Touche USA LLP.
Web Site = http://www.ikano.com
Contact Details
= Francois Chain
IKANO Communications
265 East 100 South, Suite 245
Salt Lake City, UT 84111
Tel: 801-924-0900
Fax: 801-924-0908
fxchain@ikano.com
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