Company Posts 712 Percent Revenue Growth Over Four Years
OTTAWA, Oct. 25 /CNW Telbec/ - March Networks(TM) (TSX:MN; AIM:MNW), a
leading provider of intelligent IP video and business analysis applications,
announced today that it has been recognized as one of the fastest-growing
technology companies in North America in the 2007 Deloitte Technology Fast 500
The Company achieved revenue of $76.2 million in fiscal 2006,
representing an increase of 712 percent as compared to fiscal 2002. The
Company also ranks as one of the top 50 fastest-growing Canadian technology
companies and leads five Ottawa-area companies appearing on the list. This is
the second, consecutive year that March Networks has appeared as a Fast 500
winner, moving up to 229th place from 346th last year.
The Fast 500 ranks the fastest-growing technology, media,
telecommunications and life sciences companies in North America in terms of
percentage revenue growth.
"Our inclusion in the Fast 500 recognizes our success developing and
delivering industry-leading solutions to enterprise customers around the
world," said Peter Strom, President and CEO, March Networks. "The Company's
improved ranking this year is a testament to the ongoing support of our
customers and the outstanding efforts of our partners and employees."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent
IP video and business analysis applications that enable organizations to
reduce losses, mitigate risks and improve security and operational efficiency.
The Company's advanced software suite includes enterprise-class video
management, powerful analytics and comprehensive managed and professional
services. Our software and systems are used by leading financial institutions,
retailers, transportation authorities and other organizations in more than 50
countries. For more information, please visit www.marchnetworks.com.
This release contains certain forward-looking information, including
expectations of future business. This information is based on the Company's
current expectations and assumptions that are subject to a variety of risks
and uncertainties that are difficult to predict and that may be beyond March
Networks' control. Actual results could differ materially from those expressed
in any forward-looking statements due to factors such as customer demand and
timing of purchasing decisions, increased levels of competition, technological
changes and the successful development of new products, dependence on
third-party manufacturers, risks relating to intellectual property
infringement claims, and other risks and factors identified in March Networks'
public filings with regulatory authorities in Canada. March Networks assumes
no obligation to update these forward-looking statements as a result of new
information or future events.
(*)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
For further information:
For further information: Peter Wilenius, March Networks Corporation,
(613) 591-8181, firstname.lastname@example.org