For Immediate Release

 

Booyah Networks Ranked Number 107 Fastest Growing Company in North America on Deloitte’s 2007 Technology Fast 500

 

Attributes its 1,592 Percent Revenue Growth to Investing in Proprietary Technology

 

WESTMINSTER, CO [October 23]—Booyah Networks today announced that it ranked 107 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 2002–2006. Booyah grew 1,592 percent during this period.

 

Booyah’s CEO, Michael Shehan, credits the company’s 1,592 percent revenue growth over the past five years to its constant commitment to developing new proprietary technologies and diversifying the business with new service offerings. Shehan said, “Our industry is crowded with innovative and well-financed companies, which makes for tough competition. Our success comes from focusing our efforts on what we do best, online marketing. We cover many areas of the space including sponsored search, online video, search engine optimization and more. The key to Booyah’s success is our commitment to providing our customers with the best technology and the most experienced professionals.”

 

"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP.  "We congratulate Booyah Networks on this significant accomplishment."

 

In addition to ranking on Deloitte’s Technology Fast 500, Booyah Networks ranked fourth on the Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Colorado.

 

Overall, 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.

 

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006. 

 

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

 

About Booyah Networks     

Booyah Networks, founded in 2001, is a Colorado-based online marketing and technologies company. The company’s portfolio includes online marketing firm The Booyah Agency (www.thebooyahagency.com) and online video ad serving exchange SpotXchange (www.spotxchange.com). In 2006, Booyah Network ranked 23rd on Inc. magazine’s list of 500 fastest growing private companies. Booyah has offices in Westminster, Colo., Los Angeles and New York. Visit Booyah Networks online at www.booyahnetworks.com.

 

 

 

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.

 

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Contact:

Valerie Quintanilla,

Booyah Networks

303.345.6623

Valerie@booyahnetworks.com