ATLANTA – October 27, 2008 – VeriStor Systems, an enterprise storage and virtualization solutions provider, today announced that it has been named #52 on Everything Channel's 2008 CRN Fast Growth 100 List. The CRN Fast Growth 100 list recognizes the fastest growing Solutions Providers in the industry today. This year's Fast Growth 100 companies all share a passion for growing their businesses at warp speed.
In addition to being named to the Fast Growth 100 list, VeriStor was also recognized as CRN Fast Growth Storage Specialist at an awards ceremony in Chicago, IL on October 15, 2008.
"The CRN Fast Growth 100 are the cream of the crop when it comes to Solution Providers who know how to wrap technology in world-class services offerings, and this years’ group demonstrate that the technology Channel is strong and growing, regardless of surrounding economic conditions," said Robert C. DeMarzo, senior vice president and editorial director for Everything Channel editorial.
The CRN Fast Growth 100 are channel industry leaders. They average two-year revenue growth (‘05-’07) of 153 percent, and average annual sales of products and services of $106 million.
The five common traits typify the CRN Fast Growth Solution Provider include: multi-vendor IT solutions; cutting-edge technologies; close customer relationships; strong sales philosophies; and business-oriented IT consulting.
To be eligible for the 2008 Fast Growth 100, companies must be an IT solution provider; be based/headquartered in the U.S.; have had net sales of at least $1,000,000 in calendar year 2005; and be an independent company.
Rank is based on 2 years' growth of net sales from calendar year 2005 to calendar year 2007. Net sales were verified by public filings when possible. All private companies provided a signed affidavit attesting to the accuracy of the reported 2005 and 2007 net sales figures or accountant-reviewed financials or audited financials. Affidavits were signed by an owner or officer of the company or by a CPA representing the company. Affidavits and financials are on file in Redmond, Washington.
The Fast Growth 100 companies were honored at an event on October 15 in Chicago.
For additional information on the Fast Growth 100, visit www.channelweb.com.