HOPKINTON, Mass. - November 05, 2009 -
EMC® Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced that Data Domain®, a high-growth, industry-leading company that it recently acquired, ranked number seven on the Technology Fast 500™, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Data Domain revenue grew more than 35,000 percent during this period.
Frank Slootman, President of EMC's Backup Recovery Systems (BRS) division and Data Domain's former CEO, credits Data Domain's ability to constantly enhance and scale its market-leading deduplication storage systems to address the needs of its enterprise customers for the company's growth over the past five years.
"Data Domain's ranking as the seventh fastest growing company in North America on Deloitte's Technology Fast 500 is a tremendous validation of the determination and focus our employees have sustained over the past five years," said Slootman. "Our success and ongoing market leadership are the outcome of a customer-centric culture and our ability to execute on an aggressive technology and growth vision. I congratulate all of our employees on this achievement. We're looking forward to continued growth and success as an integral part of EMC's growing backup and recovery business."
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate EMC Data Domain on this accomplishment."Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.Deloitte's 2009 Technology Fast 500™ Media Guidance
In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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