SUNNYVALE, CA, October 22, 2007 - ShoreTel, Inc., (NASDAQ: SHOR), a leading provider of enterprise IP telephony solutions, has been named to the esteemed Deloitte Technology Fast 50 Program for Silicon Valley, a ranking of the fastest-growing technology, media, telecommunications and life sciences companies in the area by one of the nation's leading professional services organizations, Deloitte & Touche USA LLP. Rankings are based on the percentage revenue growth over five years from 2002 - 2006. This is the second year in a row that ShoreTel has received this recognition by Deloitte, having been named to the Technology Fast 50 in 2006.
"This has been a decisive year for ShoreTel," said John W. Combs, ShoreTel's president and CEO. "We continue to enhance our Pure IP unified communications solution, and we have significantly grown our worldwide channel partner base. We're very excited to receive this award from Deloitte because it recognizes the significant traction we are enjoying with enterprise customers."
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years. ShoreTel has proven to be one of the fast-growth success stories in Silicon Valley and we applaud their dedication to making their vision a reality," said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP.
To qualify for the Technology Fast 50, companies must be public or private companies headquartered in North America and must own intellectual property or proprietary technology that contributes to a significant portion of their operating revenues.
About ShoreTel, Inc.
ShoreTel is a leading provider of enterprise IP telephony solutions. ShoreTel voice systems provide customers with a number of key benefits, including ease of use, manageability and lower total cost of ownership than alternative solutions. ShoreTel's distributed software architecture and switched-based hardware platform extend enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. Founded in 1996, ShoreTel has achieved broad industry recognition for its technology and high customer satisfaction. For the last four years, IT executives surveyed by Nemertes Research, an independent research firm, have rated ShoreTel highest in customer satisfaction among leading enterprise telecommunications systems providers. A select, worldwide group of channel partners provide service and support. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.