| |
iBasis
Ranked As Number Six Rising Star Among North America's
500 Fastest-Growing Technology Companies
Deloitte
& Touche's Fast 500 Rising Star Program Recognizes iBasis
for 15,189% Three-Year Revenue Growth; National Award
Follows Number One Ranking in New England
BURLINGTON,
MA-November 16, 2000- iBasis, Inc., (Nasdaq: IBAS),
the leader in advanced Internet-based communications,
today announced that it has been ranked number six within
Deloitte & Touche's nationwide Fast 500 Rising Star
program. The Rising Star program ranks the country's
fastest-growing technology companies based on three-year
revenue growth. With revenue growth of 15,189% from
1997 to 1999, Deloitte & Touche ranked iBasis as the
sixth fastest-growing technology company among all Rising
Stars in the United States and Canada. In September
2000, iBasis was ranked by Deloitte & Touche as the
number one Rising Star in New England.
More
than 100 service providers route international voice
and fax traffic over The iBasis Network, including 10
of the top 20 global carriers, 11 of the top 12 US-based
international carriers, four of the five largest carriers
in China and more than 14 European providers. The company
uses its global VoIP network to deliver wholesale voice,
fax and other converged Internet and telephony services,
as well as iBasis VoCoreSM, the industry's first hosted
Unified Communications solution. VoCore enables service
providers to quickly and efficiently deliver new, value-added
services that integrate email, voicemail, fax, real-time
communications and the Web to enhance personal, group
and enterprise-wide communication and productivity.
"We
congratulate iBasis for its tremendous three-year growth
and remarkable number six ranking on our Fast 500 Rising
Star list," said Mark A. Evans, managing director of
Deloitte & Touche's Technology & Communications Group.
"We look forward to monitoring iBasis' continuing growth,
momentum and success in future Fast 500 rankings as
the company builds on its leadership in Internet-based
communications services."
"Our
number six Rising Star ranking in Deloitte & Touche's
prestigious Fast 500 program recognizes the extraordinary
results we have been able to achieve in delivering on
our vision of unifying voice and the Internet," said
Ofer Gneezy, president and CEO of iBasis. "Based on
our continuing rapid growth, this ranking is a powerful
affirmation of the drive and talent we have assembled
here at iBasis as well as a recognition of the huge
opportunity ahead for Internet-based communications."
To
qualify as a Deloitte & Touche Fast 500 Rising Star,
a company must be headquartered in the U.S. or Canada,
have been in business a minimum of three years, with
1997 operating revenue of at least $50,000 and 1999
operating revenue of at least $1 million. It must be
a technology company, defined as one that develops proprietary
technology which contributes to a significant portion
of the company's operating revenues; manufactures a
technology-related product; devotes a high percentage
of effort to research and development of technology
or uses proprietary technology to significantly improve
the delivery of technology services.
About
Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional
services firms, provides assurance and advisory, tax,
and management consulting services through 30,000 people
in more than 100 cities. The firm is dedicated to helping
its clients and its people excel. Known as an employer
of choice for its innovative human resources programs,
Deloitte & Touche has been recognized as one of the
"100 Best Companies to Work for in America" by Fortune
Magazine for three consecutive years. Deloitte & Touche
is part of Deloitte Tohmatsu, one of the world's leading
professional services firms, with more than 90,000 people
in over 130 countries. For more information on Deloitte
& Touche, visit www.us.deloitte.com
. For more information on the Deloitte & Touche Technology
Fast 500 or Technology Fast 50 programs, visit www.fast500.com
.
The
iBasis Network
The iBasis Network is the world's largest international
Cisco Powered Network (CPN) for Internet telephony.
The iBasis Network comprises large carrier-class switching
facilities called Internet Central OfficesTM, strategically
located in Amsterdam, Cambridge (Mass.), Frankfurt,
Hong Kong, London, Los Angeles, Miami, New York, Sydney,
Tokyo and Vancouver. The network also comprises numerous
smaller points of presence called Internet Branch OfficesTM,
which play an important role in both originating and
terminating traffic. With this global infrastructure
in more than 41 countries and through its telephony
peering relationships with other communications providers,
iBasis can terminate calls virtually anywhere in the
world.
About
iBasis
Founded in 1996, iBasis (Nasdaq: IBAS) is the leader
in advanced Internet-based communications. iBasis has
built the world's first global IP network that delivers
toll quality voice and fax service and other advanced
hosted communications solutions, including Unified Communications,
to global tier one carriers and other service providers.
The iBasis Network is the world's largest international
Cisco Powered Network for Internet Telephony and the
first to receive the Unified Communications-Cisco Powered
Network (UC-CPN) designation. More than 100 international
service providers are iBasis customers, including 11
of the top 12 U.S. international carriers. iBasis is
listed in both the Russell 2000® and Russell 3000® Indexes.
The company can be reached at its worldwide headquarters
in Burlington, Mass., USA at 781-505-7500 or on the
Internet at www.ibasis.net
.
Except
for historical information, all of the expectations,
projections and assumptions contained in the foregoing
press release constitute forward-looking statements
under the Private Securities Litigation Reform Act of
1995 and involve risks and uncertainties. Important
factors that could cause actual results to differ materially
from such forward-looking statements include, but are
not limited to, the considerations described as "Risk
Factors" in iBasis' prospectus dated March 9, 2000,
and the company's other SEC filings.
Assured
Quality Routing and AQR are registered trademarks, VoCore
is a service mark and iBasis, The iBasis Network, Internet
Central Office and Internet Branch Office are trademarks
of iBasis, Inc. Cisco and Cisco Powered Network are
registered trademarks of Cisco Systems, Inc.
|
|
