Phone Power Ranked Number 22 Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500(TM)
WINNEKTA, Calif., Nov. 19, 2012 /PRNewswire/ — Phone Power today announced it ranked 22(nd) on Deloitte’s Technology Fast 500(TM), a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Phone Power grew 7,642% percent between 2007 and 2011.
Phone Power’s chief executive officer, Ari Ramezani credits Phone Power’s current customers and word-of mouth for the company’s growth. He said, “Twenty Five percent of our new sales come from word-of-mouth. Growth comes easily when you have a product that saves people money and provides the level of service they deserve.”
“We are proud to honor the 2012 Technology Fast 500(TM) companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Phone Power for this impressive accomplishment.”
About Deloitte’s 2012 Technology Fast 500(TM)
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
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 Phone Power
Phone Power is a next-generation telecommunications company, headquartered in Los Angeles, California. A privately-owned company founded in 2005, they provide telecommunications service to the continental US, and Canada. All customer service is based in the USA. Phone Power customers range from single-line residential service all the way to corporate call centers. For more information about Phone Power, visit www.PhonePower.com.
SOURCE Phone Power