Cbeyond Recognized as One of the Fastest Growing Companies in North America
Company Named to 2008 Deloitte Technology Fast 500 List for Third
Consecutive Year
ATLANTA, Dec 23, 2008 (BUSINESS WIRE) --
Cbeyond(R), Inc. (NASDAQ: CBEY), a leading IP-based managed services provider to small businesses, today announced that it ranked number 406 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 to 2007. Cbeyond grew 327 percent during this period.
Cbeyond's CEO, Jim Geiger, credits the company's focus and proven, replicable business model with Cbeyond's 327 percent revenue growth over the past five years. "We are proud to be recognized by Deloitte for the third consecutive year. We attribute our success to our exclusive focus on small businesses and our proven, replicable business model, which has enabled us to expand into 11 U.S. cities with a core portfolio of voice, broadband, and wireless as well as IT services including web hosting, data backup, security, and exchange email," stated Geiger.
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
"Deloitte's Technology Fast 500 recognizes companies that 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 Cbeyond on this significant accomplishment."
About Cbeyond
Cbeyond, Inc. (NASDAQ: CBEY) is a leading IP-based managed services provider that delivers integrated packages of communications and IT services to more than 40,000 small businesses throughout the United States. Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry(R), broadband laptop access, voicemail, email, web hosting, fax-to-email, data backup, file-sharing and virtual private networking. Cbeyond manages these services over a private, 100-percent Voice over Internet Protocol (VoIP) facilities-based network. For more information on Cbeyond, visit www.cbeyond.net.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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SOURCE: Cbeyond, Inc.
Cbeyond
Michelle Tank, 678-370-2437
michelle.tank@cbeyond.net
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