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3PAR Ranked in Deloitte's Technology Fast 500

^{Published on 2009-11-17 05:08:08 - Market Wire}
 

FREMONT, CA--(Marketwire - November 17, 2009) - 3PAR® (NYSE: [ PAR ]), the leading global provider of [ utility storage ], has been named one of the top 150 fastest-growing companies 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 to 2008. 3PAR grew 1,236 percent during this period.

"Securing a spot in the top 150 fastest growing companies on Deloitte's Technology Fast 500 is evidence that 3PAR's hyper-efficient, autonomic approach to storage is the ideal fit for virtual datacenters and public cloud deployments, both of which have been on the rise as organizations have continued to seek shelter from cost pressures while also seeking to develop new lines of business," said David Scott, President and CEO of 3PAR. "Continued investment in research and development has strategically positioned 3PAR for the long term and helped establish our utility storage arrays as the de facto standard for the virtual datacenter and public cloud computing deployments. 3PAR continues to bring to market pioneering new technologies that drive this success."

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 LLP. 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.

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 include a 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. Additionally, these revenues must have more than doubled between 2004 and 2008. Also, companies must be in business for a minimum of five years, and be headquartered within North America.

About 3PAR

3PAR® (NYSE: [ PAR ]) is the leading global provider of utility storage, a category of highly virtualized and dynamically tiered storage arrays built for public and private cloud computing. Our virtualized storage platform was built from the ground up to be agile and efficient to address the limitations of traditional storage arrays for utility infrastructures. As a pioneer of thin provisioning and other storage virtualization technologies, we design our products to reduce power consumption to help companies meet their green computing initiatives, and to cut storage total cost of ownership. 3PAR customers have used our self-managing, efficient, and adaptable utility storage systems to reduce administration time and provisioning complexity, to improve server and storage utilization, and to scale and adapt flexibly in response to continuous growth and changing business needs. For more information, visit the 3PAR Website at: [ www.3PAR.com ].

© 2009 3PAR Inc. All rights reserved. 3PAR, the 3PAR logo, Serving Information, InServ, InForm, InSpire, and Thin Built In are all trademarks or registered trademarks of 3PAR Inc. All other trademarks and registered trademarks are the property of their respective owners.