September 14, 2000
WESTFORD, Mass.--(BUSINESS WIRE)--Sept. 14, 2000--NetScout Systems, Inc. (NASDAQ:NTCT), the leading provider of real-time network and application performance management solutions, has been named the 30th fastest-growing technology company in New England. The company was honored for its achievement last night at the Fourth Annual New England Technology Fast 50 awards ceremony, in Danvers, Mass. NetScout Systems has earned a position in the Fast 50 for four years in a row, one of only five companies who have achieved this distinction.
The New England Technology Fast 50 is an annual program that ranks the region's top technology companies based on five year revenue growth, and is co-sponsored by the professional services firms of Deloitte & Touche and Hale and Dorr LLP -- in association with Mass High Tech, the Journal of New England Technology.
"NetScout's continued recognition as a New England Fast 50 company showcases our strong commitment to and success in anticipating and meeting customer needs," said Narendra Popat, president and chief operating officer for NetScout Systems. "This continues to be our number one goal and is demonstrated by our introduction of products that will assist clients in obtaining a greater return on their investment and running their key business network applications efficiently."
"The definition of success in the technology marketplace is an elusive, forward moving target," said Steve Di Pietro, a partner with Deloitte & Touche and Co-chair of the 2000 New England Technology Fast 50 Program. "While it can be measured in many ways, it is pretty clear that the Fast 50 have made a definite impact on the marketplace and on the New England economy-at-large. Congratulations to NetScout Systems for achieving this impressive benchmark of success."
About the Fast 50
To qualify for the 2000 Fast 50 program, companies must have had operating revenues of at least $50,000 in 1995 and a minimum of $1 million in operating revenues in 1999; may be public or private; and must be headquartered in the region. To be considered for an award, the company must produce technology, manufacture a technology product, be technologically intensive, use technology in problem solving, or devote a high percentage of effort to research and development of technology.
All nominees of the 22 regional U.S. and Canadian Fast 50 programs are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest-growing companies.
For more information on Deloitte & Touche, visit the web site at www.us.deloitte.com. For more information on Hale and Dorr LLP, visit the web site at www.haledorr.com. For more information on Mass High Tech, visit the web site at www.masshightech.com.
About NetScout Systems
NetScout Systems, Inc. is the leading provider of real-time, network and application performance management solutions for service providers, e-business customers and large enterprises worldwide. NetScout's hardware and software solutions are deployed globally in industries such as e-commerce, finance, healthcare, government, and manufacturing. NetScout serves approximately half of the Fortune 500 and counts among its customers 3M Corporation, AT&T, Datek Online, Bristol-Myers Squibb, Amazon.com, Webhire, Intel Online, Fidelity Investments, Xerox and Sun Microsystems.
NetScout's solutions are based on its nGenius(TM) Performance Management System which uses the rich set of application traffic information collected by NetScout's instrumentation and active software agents to help organizations reduce the time needed to role out new applications, increase return on investment and improve network service levels. NetScout is headquartered in Westford, Massachusetts and has approximately 320 employees, with offices in North America, Europe and Asia.