SUNNYVALE, CA, October 11, 2007 - ShoreTel, Inc., (NASDAQ: SHOR), a leading provider of enterprise IP telephony solutions, last week celebrated its selection to the Silicon Valley/San Jose Business Journal's 13th annual Fastest Growing Companies list, which honors 50 public and private companies in the Bay Area. ShoreTel was ranked 13th, representing a revenue increase of 227 percent over a three-year period, a testament to its continuous innovation of Pure IP telephony systems, ability to meet strong customer demand and success in maintaining high levels of customer satisfaction.
The official rankings were made public on September 20th at an awards reception for the winners. The list was also published in the Sept. 21st edition of the Silicon Valley/San Jose Business Journal and featured a brief article highlighting ShoreTel's accomplishments.
"We are pleased to receive this recognition from the Business Journal, as the Fast 50 showcases the emphasis we place on delivering innovation, ensuring the success of our partners and maintaining high levels of customer satisfaction," said John W. Combs, ShoreTel's president and CEO. "Customer interest in ShoreTel is strong and we're confident our Pure IP telephony systems will continue to drive enterprises' unified communications strategies."
"The Fast 50 awards honor the fastest growing privately held companies in Silicon Valley over a three year period," said Norman Bell, the publication's editor. "We congratulate ShoreTel for ranking among the top companies on the Silicon Valley/San Jose Business Journal Fast 50."
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. Rankings are based on the percentage revenue growth over three years, from 2004-2006.
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.