SOURCE: 3PAR

3PAR

April 06, 2010 08:00 ET

Forbes Ranks 3PAR #4 on Fastest-Growing Technology Companies List

FREMONT, CA--(Marketwire - April 6, 2010) -  3PAR® (NYSE: PAR), the leading global provider of utility storage, announced today that Forbes magazine named the company as one of the Forbes Fast Tech 25 for 2009 -- Forbes' list of the fastest-growing technology companies in America. 3PAR ranked fourth on the list with sales growth of 80 percent over the five-year period ending December 31, 2009. 

"Agility and efficiency are key concepts for 3PAR," stated Forbes.com in the online presentation In Pictures: America's Fastest-Growing Tech Companies. 3PAR's products allow for the storage, protection, and recovery of electronic information in the form of digital data. Customers include financial service firms, cloud computing service providers, consumer-oriented Internet/Web 2.0 companies, and government departments and agencies.

"We are delighted to be listed in the Forbes Fast Tech 25 for 2009, and we are proud of our strong performance during the period, especially given the fiscally challenging times," said 3PAR President and CEO David Scott.

Forbes' selection criteria for the Fast Tech 25 rankings included, among other things, 1) minimum sales of $25 million during calendar year 2009; 2) sales growth during that period of at least 10% over the prior calendar year; and 3) annualized sales growth of not less than 10% over the past five fiscal years.

To read the Forbes article and see the full list of Fast Tech 25 companies, go to: http://www.forbes.com/2010/04/01/cognizant-google-riverbed-technology-data-companies-10-fast-tech.html.

About 3PAR
3PAR® (NYSE: PAR) is the leading global provider of utility storage, a category of highly virtualized and dynamically tiered storage arrays built for public and private cloud computing. Our virtualized storage platform was built from the ground up to be agile and efficient to address the limitations of traditional storage arrays for utility infrastructures. As a pioneer of thin provisioning and other storage virtualization technologies, we design our products to reduce power consumption to help companies meet their green computing initiatives, and to cut storage total cost of ownership. 3PAR customers have used our self-managing, efficient, and adaptable utility storage systems to reduce administration time and provisioning complexity, to improve server and storage utilization, and to scale and adapt flexibly in response to continuous growth and changing business needs. For more information, visit the 3PAR Website at: www.3PAR.com.

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Contact Information

  • 3PAR U.S. Contact
    John D'Avolio
    3PAR
    +1 510 668 9328
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