Voltaire Named The #1 Fastest Growing Company in Israel
by Deloitte Israel Technology Fast 50
Need to Improve Data Center Performance and Efficiency a Major Growth Driver
BILLERICA, Mass. and HERZELIYA, Israel — October 30, 2007 — Voltaire Ltd. (NASDAQ: VOLT), a leading provider of grid backbone solutions for the data center, today announced it has been named the number-one company on the 2007 Deloitte Israel Technology Fast 50, a ranking of the fastest growing technology companies in Israel.
"We are honored to be recognized as Israel's fastest growing company," said Ronnie Kenneth, CEO of Voltaire. "To be named to the Deloitte Israel Fast 50 is a testament to our enterprise customers who rely on our switches and software to improve the speed and performance of their applications. We look forward to continued expansion into markets where our technology can improve companies' operations, while also increasing the efficiency and reducing the expenses involved in data center management."
"Being one of the 50 fastest growing technology companies in Israel is an impressive accomplishment. We commend Voltaire for taking the top position in the Deloitte Technology Fast 50 with a phenomenal 500X growth rate over five years," said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Technology Fast 50 Program.
To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over five years (2002-2006), calculated the revenue growth percentage over five years, and compared the growth of technology companies.
In July 2007, Voltaire completed an initial public offering over the Nasdaq Global Market.
About Voltaire
Voltaire (NASDAQ: VOLT) designs and develops server and storage switching and software solutions that enable high-performance grid computing within the data center. Voltaire refers to its server and storage switching and software solutions as the Voltaire Grid Backbone™. Voltaire's products leverage InfiniBand technology and include director-class switches, multi-service switches, fixed-port configuration switches, Ethernet and Fibre Channel routers and standards-based driver and management software. Voltaire's solutions have been sold to a wide range of end customers including governmental, research and educational organizations, as well as enterprises in the manufacturing, oil and gas, entertainment, life sciences and financial services industries.
Founded in 1997, Voltaire Ltd. is headquartered in Herzeliya, Israel, and has its U.S. headquarters in Billerica, Massachusetts. More information about Voltaire is available at www.voltaire.com or by calling 1-800-865-8247.
Forward Looking Statements
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Voltaire's plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to, those discussed under the heading "Risk Factors" in Voltaire's final prospectus for its IPO filed with the Securities and Exchange Commission on July 27, 2007. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
###
All product and company names mentioned herein may be the trademarks of their respective owners.