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IKANO PRESS RELEASES
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IKANO Press Releases:
Title: IKANO COMMUNICATIONS / SISNA, INC. NAMED ONE OF UTAH'S TOP 100 FASTEST GROWING COMPANIES
Date: October 29, 2001
For Release: IMMEDIATE
SALT LAKE CITY, UT - IKANO Communications, the market-leading IP networking infrastructure company and provider of branded Internet services, announced today that the Mountain West Venture Group named IKANO Communications/SISNA, Inc. one of the fastest-growing companies in the state of Utah for the second year in a row. SISNA is IKANO's U.S. subsidiary, one of the nation's original Internet Service Providers. The recognition comes as part of the annual Utah 100 Awards program. The Mountain West Venture Group of Utah recognizes the top 100 companies who demonstrate exceptional percentage revenue growth over a five-year period.
"IKANO is thriving, despite the slowing economy," says Garth Howard, IKANO President and Chief Operating Officer. "We continue to grow and develop strategic partnerships with new clients."
During the past five years, IKANO has experienced a revenue growth rate of 266%. IKANO was named the 80th fastest growing company, attributing its tremendous growth and success to a solid business model, a forward-thinking management team, and products that stay ahead of the technology curve.
IKANO has received a total of $33.5 million in venture capital funding, with its third round of financing ($15 million) announced in June, 2001.
"The rapid adoption of the Internet by businesses and consumers has caused a significant paradigm shift in the way companies and organizations communicate with end-users," said Henry Smith, IKANO Chief Executive Officer. "Companies are looking to IKANO to supply value-added, dynamic,
customizable, scalable, and reliable client-branded IP products, services, and solutions. IKANO's
branded Internet services allow our clients to establish, develop, and enhance customer relationships, while increasing revenues and lowering costs," Smith said.
The Utah 100 was first conceived by MountainWest Venture Group in 1995 as Utah's only business growth recognition program. This premier award identifies and recognizes Utah's top 100 fastest growing companies and top 25 revenue growth companies each year.
The top 100 fastest growing companies in Utah were selected from more than 11,000 applicants throughout the state. They represent a cross-section of almost all industries in Utah, including information technologies, bio-medical and bio-technology, health care, retail, construction, and financial services.
About Mountain West Venture Group
Founded in 1983, Mountain West Venture Group is a non-profit organization that fosters business growth and capital development in Utah. The group encourages the participation of individuals and organizations interested in the establishment, funding and operation of successful business ventures. Based in Salt Lake City, the group is comprised of a broad mix of entrepreneurs, investors, venture capital providers, attorneys, bankers, accountants, consultants and educators. Visit www.mwvg.org.
About IKANO Communications
IKANO is a leading provider of Internet networking infrastructure and branded Internet services. IKANO provides turnkey processes for businesses and organizations wishing to leverage the Internet to deepen relationships with their customers. IKANO offers private-label Internet services, including dial-up, DSL, and high-speed wireless Internet services, as well as Web hosting, branded portal development,
technical support, automated accounting, unified communications and more. Since its first branded Internet Web site was launched in 1998, IKANO has added more than 250 branded partners. IKANO is the Official Data Networking Services Supplier for the 2002 Olympic Winter Games. IKANO is the parent company of SISNA, one of the nation's leading Internet Service Providers. Visit www.ikano.com.
About SISNA®, Inc.
Headquartered in Salt Lake City, SISNA is one of the nation's pioneer Internet Service Providers. SISNA provides complete Internet access, Web hosting, news, FTP, and filtered service. To date, SISNA's subscribers have access in the U.S, Canada, Europe and Asia via more than 2,900 dial-up locations. In addition to SISNA's international coverage, it is also Utah's largest Internet access provider with 21 locations. The 21 locations are strategically located to cover virtually the entire state's dial-up access locations. SISNA is the first Internet access organization to deploy the latest state-of-the-art Gigabit transparent caching system, thereby bringing the Internet closer to the subscriber. Visit SISNA's Web site at www.sisna.com.
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