March Networks Among Fastest-Growing Technology Companies in North America
Company Posts 712 Percent Revenue Growth Over Four Years
OTTAWA, ONTARIO, October 25, 2007 –– March Networks™ (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 listing.
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.”
Forward-Looking Statements
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 respective owners.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Peter Wilenius, March Networks Corporation
613-591-8181
email: pwilenius@marchnetworks.com