NEW YORK, Oct. 2, 2007 (PRIME NEWSWIRE) -- deltathree, Inc. (Nasdaq:DDDC), a leading provider of SIP-based Voice over Internet Protocol (VoIP) solutions for service providers and consumers worldwide, has been named to Deloitte's prestigious Technology Fast 50 Program for New York, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. deltathree's increase in revenues of 194 percent during these years resulted in its distinguished ranking.
"Deloitte's New York Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Ed Moran, Director, Deloitte Services LP in New York. "We commend deltathree for making the commitment to technology and delivering on the promise of market longevity. With this honor, we acknowledge deltathree as one of the very few to accomplish such a fast growth rate over the past five years."
"We are thrilled to be named as one of Deloitte's Technology Fast 50," stated Shimmy Zimels, deltathree's President and CEO. "Especially now, at a time when deltathree is diligently continuing to forge new ground in the VoIP space, partnered with industry leaders such as Panasonic and Market America. This honor comes as a solid reflection of the success we have had in our dedication to serving the market with innovation, excellence and expertise. These values are at the core of the high quality, cost-effective VoIP that deltathree offers through its Reseller, Hosted Consumer VoIP and consumer channels. Our rapid growth in the past five years is therefore a tribute to the significant achievement of our products and service, as well as to the employees of the company, who daily uphold the high standard that defines deltathree."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
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About deltathree
Founded in 1996, deltathree, Inc. is a leading provider of integrated Voice over Internet Protocol (VoIP) telephony services, products, hosted solutions and infrastructure. deltathree offers high quality Internet telephony solutions that are viable and cost-effective alternatives to traditional telephone services. Supporting hundreds of thousands of active users around the world, deltathree serves customers through its two primary distribution channels: the Service Provider / Reseller channel and the direct-to-consumer channel. deltathree's advanced solutions offer service providers and resellers a full spectrum of private label VoIP products and services, as well as a back-office suite of services. Utilizing advanced Session Initiation Protocol (SIP) technology, deltathree provides all the components to support a complete VoIP service deployment. deltathree's Consumer Group consists of the award-winning iConnectHere direct-to-consumer offering and joip, the newly formed consumer brand that powers the VoIP service of Panasonic's GLOBARANGE hybrid phone.
For more information about deltathree please visit: www.deltathree.com.