October 23, 2007 — (WEB HOST INDUSTRY REVIEW) — Managed services provider ServePath (servepath.com) announced on Tuesday it ranked number 77 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002 to 2006.
ServePath increased by 2,143 percent during the four year period. ServePath CEO John Keagy attributes this growth to the company’s focus on customer service and providing many ‘firsts’ to the market with the company’s 2,143 percent revenue growth over the past five years.
“It’s not simply about profitability but knowing your customer and being quick to market,” says Keagy. “In addition, ServePath has been very fortunate to be located in Silicon Valley, with access to an incredible talent pool that has significantly contributed to the phenomenal growth of ServePath’s proprietary technology and services.”
Companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent. The Fast 500 is compiled from Deloitte’s 16 regional North American Fast 50 programs with nominations submitted directly to the Fast 500, and public company database research.
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