SALT LAKE CITY -- iBAHN, the world's leading provider of secure broadband to go for business travelers, has earned back-to-back honors on both the Deloitte Technology Fast 500 and the Inc. 500 list for the second year in a row. iBAHN placed 123rd on the Deloitte list, which ranks the fastest
Since its inception in 1998, iBAHN has grown from revenue of $51,000 in 1999 to $92.1 million in 2004, a 482% three-year growth rate. iBAHN attributes much of its success to its ability to help its hotel partners build business and improve guest satisfaction by providing the highest level of secure broadband access available.
"Attracting enough customers to maintain triple-digit growth over five years makes a strong statement about the quality of a company's product and its leadership," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "iBAHN has shown the right stuff for growth."
iBAHN's proprietary service offering is installed in more than 2,200 hotels in North America, with a total of more than 285,000 guest rooms. The company averages 1.1 million connections per month for travelers, and had more connections in the third quarter of 2005 than from 1999 through 2002 combined. Additionally, iBAHN's secure managed network identifies and blocks more than 400 million potential virus packets.
"Travelers, whether on business and leisure, expect secure high-speed Internet access both to remain productive and to stay in touch with family and colleagues. We appreciate the vote of confidence from our hotel partners who have chosen iBAHN solutions to provide the highest level of secure Internet access through our patented managed network." said David W. Garrison, iBAHN's president and chief executive officer. "Our focus for the future is to continue to bring to market unique, value-added services for the hospitality industry."
Selection Qualifications
The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
To be eligible for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
About iBAHN
Founded in 1998 and headquartered in Salt Lake City, iBAHN(TM) is the leading provider of secure managed broadband services -- wired and wireless -- for travelers and groups at hotels and conference centers worldwide. iBAHN's services are supported by a patented, end-to-end network architecture designed with multiple layers of protection for hotel partners and end users. Each month, more than one million business travelers can be more productive by using iBAHN secure broadband services from 275,000 guest rooms and meeting rooms in 2,100 hotels throughout 18 countries. For more information, or to book a hotel with iBAHN secure broadband, visit http://www.ibahn.com.
iBAHN(TM) is a trademark of STSN Inc. STSN(R) is a registered trademark of STSN Inc. All other trademarks or trade names are the properties of their respective holders.