Revenue Increases over 200%; Customer Acquisition Soars; Debt is Eliminated
Santa Clara, Calif. —January 28, 2003—While many technology companies are looking back on 2002 with a sigh of relief, Speedera Networks Inc., the emerging leader in global content delivery services, deems it a year of outstanding success. Reaching a long list of significant milestones in 2002, Speedera saw over 200% revenue growth, was awarded two patents on core technology, acquired major new customers such as DoubleClick, Fox Broadcasting, Network Associates and Microsoft, was recognized with eight industry awards and became the first pure play content delivery network (CDN) to reach operating income positive and eliminate all debt.
"While many companies were struggling to survive the economic downturn in 2002, Speedera was thriving," said Ajit Gupta, CEO and president of Speedera Networks. "We established ourselves as the industry`s price-performance leader, reached record sales levels, innovated through new services and technology, and acquired customers by focusing relentlessly on customer service and support. That recipe, coupled with the industry`s best business model, led Speedera through our most successful year to-date."
Speedera did not allow innovation to stagnate during 2002, but rather added new functionality to its suite of services and leveraged key partnerships. New services include dynamic imaging via a partnership with TrueSpectra, and new security services including Secure Download and Secure Content Delivery, which safeguard Web sites against various security threats such as distributed denial of service (DDoS) attacks. Speedera also announced its support for Microsoft Windows Media 9 Series platform this year.
Speedera also saw myriad vertical markets - such as Internet commerce, digital media delivery, media and entertainment, government and online ad delivery - turning to its CDN services to increase scalability, site performance and the bottom line. In addition to those mentioned above, organizations like the National Guard, Macromedia, IFILM and American Eagle Outfitters are just a sampling of customers who signed on with Speedera this year.
Speedera was recognized with several industry awards this year, including being named to Forbes` "Best of the Web" B2B Directory, UPSIDE Magazine`s 2002 Hot 100 companies list, and the 2002 Codie Award for "Best Internet Facilitation Service" from the Software & Information Industry Association (SIIA). Speedera`s CDN is one of the largest content delivery networks in the world, with connectivity to over 1000 carrier backbones and with points of presence in the Americas, Europe and the Asia-Pacific region. Speedera`s network is rated as the fastest and most consistent CDN by independent third party tests.
"2002 was a great year for Speedera and we`re excited to be carrying this momentum forward into 2003. Our goal will be the same one we set for ourselves every year - to lead this industry. At the same time, we will make sure that customer satisfaction remains one of the cornerstones of our company. Only satisfied customers give us the winning edge to be successful," concluded Gupta.
2002 At-A-Glance
Q1 2002
Key Customer Win Announcements: AMD and Atlas DMT
Financial News: Projects profitability for Q3 2002
Q2 2002
Key Customer Win Announcements: Playboy, Vans, Doubleclick
Financial News: On track for Q3 profitability
Awards: UPSIDE Hot 100 Award, SIIA Codie Award, Streaming Magazine`s "Best CDN and Up- and-Coming Streaming Company to Watch" Award.
Technology: Awarded first patent for core content delivery technology, announces Secure Content Delivery and Secure Download services.
Q3 2002
Key Customer Win Announcements: KQED, Satyam (Sify), FoxKids Europe.
Partnerships: Announces streaming media support for Microsoft Windows Media 9 Series platform.
Financial News: Speedera FIRST pure play CDN to be profitable.
Q4 2002
Key Customer Win Announcements: American Eagle, Mind & Media, Hoover`s, Handspring, Network Associates.
Partnerships: TrueSpectra provides core technology for Speedera to offer unique Dynamic Imaging web service.
Awards: Forbes ` Best of the Web` recognition.
Financial News: Secures $6.5M in funding, eliminates all debt.
Technology: Wins 2nd patent on core technology
About Speedera Networks
Speedera Networks, Inc. is a leading global provider of award-winning Internet services for reducing costs and improving enterprises` Web presence through superior performance, quality, availability, scalability and security. The company`s edge delivery network is deployed in the Americas, Europe and the Asia-Pacific region, with connectivity to over 1000 carrier networks. Speedera`s SpeedSuite services include a comprehensive set of next generation streaming, content delivery, failover, global load balancing, security and management services, all based on a common global traffic management infrastructure and patented technology. The company`s customers include leading companies such as American Eagle Outfitters, DoubleClick, Macromedia, Microsoft, Network Associates, Sony Music Entertainment, Univision and Fox Kids Europe. The company`s investors include Banc of America Securities LLC, Continuum Group Ltd, Deutsche Bank AG, Hewlett-Packard Company, Oracle, Industry Ventures and Trinity Ventures, among others. Speedera Networks is located at 4800 Great America Parkway, Santa Clara, CA, USA 95054-1227.
For more information about Speedera, please call +1 408-970-1500, visit http://www.speedera.com or email info@speedera.com.
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