Network Solutions Provider Third Fastest Growing Company in Washington Metro Area
Herndon, VA â€“ October 19, 2011 – CFN Services, the leading provider of managed high-frequency trading enablement services, today announced it ranked number 29 on Deloitte’s Technology Fast 500™, an annual ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. CFN Services’ revenue grew 5838 percent during this period.
CFN Services’ President and CEO, Mark Casey, credits the company’s impressive growth to his customer-focused team and their success in creating and delivering high-performance network solutions that solve clients’ real-time, mission-critical application delivery challenges globally. Casey stated, “Great teams create great products and the solutions our team have built to accelerate market data delivery and trade execution for global securities trading has attracted the who’s who among the most sophisticated financial market participants worldwide.”
“We are honored to be a Deloitte Technology Fast 500 company. As the third fastest-growing company in the Greater Washington market and the fifth fastest-growing company in the communications and networking category, this recognition validates our strong business results and commitment to our customers,” added Casey.
“CFN Services, like all 2011 Technology Fast 500 companies, excelled in fostering innovation and channeling it into spectacular growth âˆ’ against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes CFN Services for its remarkable accomplishment.”
“We are pleased to honor CFN Services as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, CFN Services has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
“Our growth is a reflection of our strong leadership, dedication to innovation and our talented team,” said Casey.
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies â€“ both public and private – in North America. Technology Fast 500 award winnersare selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have 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, companies must be in business for a minimum of five years, and be headquartered within North America.
About CFN Services
CFN Services provides high performance network and application delivery solutions for real-time, mission critical applications. Leveraging FiberSourceÂ®, a global network optimization platform, CFN Services builds low-latency private cloud solutions to solve the performance challenges of latency and jitter in distributed IT environments. Whether the application and data are dispersed across town or around the globe, CFN Services deploys turnkey solutions within and between public and private data centers in North and South America, Europe, and Asia.
CFN Services is a leading provider of managed high-frequency trading enablement services, providing solutions that accelerate market data delivery and trade execution for some of the most sophisticated financial markets participants worldwide. CFN Services operates the low-latency Alpha Platform™, a high-performance global cloud that accelerates trading performance for automated traders across key liquidity venues in the equities, options, futures, derivatives, and FX markets. For more information, please go to: https://www.apcela.com.