Aruba Networks, Inc. (NASDAQ: ARUN), a global leader in user-centric networks and secure mobility solutions, today announced that it has been named a "Rising Star" in Deloitte & Touche USA LLP's Technology Fast 50 program for Silicon Valley. The Rising Star award is a special designation for fast-growth companies that have been in business at least three years, but less than five, and is part of the Silicon Valley Technology Fast 50 program, which ranks the 50 fastest growing technology, media, telecommunications, and life sciences companies headquartered in Silicon Valley. Rankings are based on percentage revenue growth between 2004 and 2006. This year's Silicon Valley Technology Fast 50 program is co-sponsored by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and Woodruff-Sawyer & Co.
"The Deloitte Silicon Valley Technology Fast 50 Rising Star companies have shown the strength, vision and tenacity to succeed despite a very challenging technology environment," said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. "We applaud the successes of Aruba Networks and acknowledge its place as one of the few to accomplish such a fast growth rate over the past three years."
To qualify for the Technology Fast 50 Rising Star program, companies must be incorporated a minimum of three years, have operating revenues of at least $50,000 in 2004 and $5,000,000 in 2006, be headquartered within the San Francisco Bay Area (subsidiaries or divisions are typically not eligible), and either devote a significant proportion of revenues to the research and development of technology or own proprietary intellectual property that contributes to a significant portion of the company's operating revenues. The use of another company's technology or intellectual property in a unique way does not qualify for consideration.
"We are honored to be recognized by Deloitte for our strong growth, which is driven by our innovative, high-performance wireless LAN products and unique user-centric architecture," said Dominic Orr, president and chief executive officer of Aruba Networks. "Our ability to securely deliver enterprise networks to users wherever they work or roam is both a technological innovation and a clear competitive differentiator in a fast growing market. To capitalize on the demand for our products and services, we continue to invest in our industry-leading wireless LANs and network security technology, strengthen our strategic partnerships, and expand the sales and distribution channels for our products."
Rising Star companies are automatically entered in Deloitte's Technology Fast 500 Rising Star category. Deloitte's Technology Fast 500 program ranks North America's top 500 fastest growing technology, media, telecommunications, and life sciences companies based on percentage revenue growth from 2002 to 2006. Its Rising Star ranking is based on percentage revenue growth over the period from 2004 to 2006.
About Aruba Networks, Inc.
Aruba securely delivers the enterprise network to users, wherever they work or roam, with user-centric networks that significantly expand the reach of traditional port-centric networks. User-centric networks integrate adaptive WLANs, identity-based security, and application continuity services into a cohesive, high-performance system that can be easily deployed as an overlay on top of existing network infrastructure. Adaptive WLANs deliver high-performance, follow-me connectivity so users are always within reach of mission-critical information. Identity-based security associates access policies with users, not ports, to enable follow-me security that is enforced regardless of access method or location. Application continuity services enable follow-me applications that can be seamlessly accessed across WLAN and cellular networks. The cost, convenience, and security benefits of user-centric networks are fundamentally changing how and where we work. Listed on the NASDAQ and Russell 2000® Index, Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, and Asia Pacific regions. To learn more, visit http://www.arubanetworks.com.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. For more information on Deloitte's Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.
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