N-able Technologies Makes Company Debut on the Deloitte Technology Fast 500
Ottawa-Based Technology Innovator Named One of North America's Fastest-Growing Technology Companies, Ranks Among the Top 240
Ottawa, Canada — October 25, 2007 — N-able Technologies®, the preferred supplier of remote monitoring and management software and business transformation services for managed service providers (MSPs), today announced it has been named to Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
The Deloitte Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America's most innovative and competitive sectors.
"This is an incredible honor that strengthens N-able's position as the IT industry's heavy-weight in the managed services market," says Gavin Garbutt, president & CEO, N-able Technologies. "By keeping our focus on technology innovation and delivering an exceptional user experience, we are successfully growing the business of our existing partners and continuing to attract new partners who are eager to adopt a managed services practice. The intelligent automation and remote management capabilities in N-central 6.5 have made it much easier for our partners to successfully sell and deploy managed services to the SMB market."
In addition to joining the ranks of Deloitte's Technology Fast 500, N-able Technologies was recently named to Deloitte Canada's Technology Fast 50 and awarded the 2007 Tech Innovator award by CMP Channel's VARBusiness in the Managed Services category for its N-central 6.5 software platform. Within the last several months N-able has expanded its footprint to Asia and expanded its market share in the Europe.
The Deloitte Technology Fast 500 rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 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 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas — audit, tax, consulting, and financial advisory services — and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
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.
About N-able Technologies
N-able Technologies is the preferred global supplier of remote monitoring and management technology and business transformation services for managed service providers. N-able's proven platforms offer the right combination of technology, people and processes, which help IT service providers to deliver highly profitable managed services to small- and medium-sized businesses.
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