IKANO Attributes its 1,253 Percent Revenue Growth to a Philosophy of Innovation Salt Lake City — IKANO Communications,
nation’s largest provider of private-label Internet services, today announced that it ranked 175th on 2004 Deloitte Technology Fast 500 listing of fastest growing technology companies in North America. Highlighting both established and emerging technology companies, rankings are based on percentage revenue growth over five years, from 1999–2003. IKANO grew 1,253 percent during this period.
IKANO’s CEO, Henry Smith, credits company’s commitment to innovation and efforts of its employees with company’s 1,253% revenue growth over past five years. He said, "In an industry such as ours, it is simply not possible to hold steady. We must always be pushing forward and staying on cutting edge. Our employees understand this focus and work hard to make sure that IKANO remains premier company in our space."
“Making Deloitte Technology Fast 500 is a testament to a company’s commitment to technology,” said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “With its 1,253% growth rate over five years, IKANO Communications has proven that its leadership has vision and determination to grow in difficult conditions.”
IKANO has received a total of $33.5 million in venture capital funding. During past five years, company expanded from 50 employees to more than 325 employees. IKANO ranked 132nd in 2004 Inc. 500 listing of nation’s fastest growing companies. In 2003, Initiative for a Competitive Inner City (ICIC) and Inc. Magazine ranked IKANO Communications second in “Inner City 100,” a listing of fastest growing companies located in America’s inner cities. In addition, Mountain West Venture Group ranked IKANO fifth fastest growing company in state of Utah as part of its 2003 Utah 100 Awards program.
