Brookline, MA (November 20, 2008) -- Grandstream Networks, a leading worldwide
manufacturer of innovative Voice and Video IP solutions for the Voice Over IP market, today
announced that it ranked number 109 on Deloitte’s 2008 Technology Fast 500, a ranking of the
500 fastest growing technology, media, telecommunications and life sciences companies in North
America. Rankings are based on percentage of fiscal year revenue growth over five years, from
2003–2007. Grandstream Networks grew 1908.01 percent during this period.
Grandstream’s CEO, David Li, credits a consistent forward-thinking investment in product
innovation, a top-notch engineering team, a zealous sales and marketing team with a winning
market strategy, and dedicated support staff for the company’s rapid growth. “I am very proud to
receive this prestigious award from Deloitte & Touche. Grandstream Networks has incredible
synergy and momentum. All members of our team have a tremendous dedication to making
Grandstream a better company and our customers’ great enthusiasm and continued support have
propelled us to grow by leaps and bounds. We look forward to bringing more innovation and
differentiation to the market at an accelerated pace in the future.”
"Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth
in North America’s most innovative and competitive market sectors,” said Phil Asmundson,
Deloitte LLP vice chairman and national managing partner for Technology, Media and
Telecommunications. "We congratulate Grandstream Networks on this significant
accomplishment."
Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from
242 to 138,762 percent over five years, with an average growth rate of 3,043 percent..
SOURCE: http://grandstream.com/documents/DeloitteandTouchePR.pdf