Blue Coat Wins Deloitte Technology Fast 500 Award
SUNNYVALE, Calif., Oct. 20, 2004 — Blue CoatÃ¢â€ž? Systems, Inc. (Nasdaq: BCSI), a leading provider of proxy appliances, today announced it is ranked among the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on a percentage revenue growth over five years from 1999-2003. Blue Coat grew 550% during this period.
“Making the Deloitte Technology Fast 500 is a testament to a company’s commitment to technology,” said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “With 550% growth over five years, Blue Coat has proven it has the leadership, vision and determination to grow in difficult conditions.”
“Our growth is reflected in more and more enterprises recognizing the need to deploy Blue Coat proxy appliances for visibility and control of Web communications,” said Brian NeSmith, president and CEO of Blue Coat. “We are pleased to be ranked as one of the fastest growing technology companies.”
The Fast 500 list is compiled from Deloitte’s 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Blue Coat Systems
Blue Coat enables organizations to keep “good” employees from doing “bad” things on the Internet. Blue Coat wire-speed proxy appliances provide visibility and control of Web communications to address today’s new business risks – such as inappropriate Web surfing, viruses brought in via back door channels such as instant messaging and Web-based email, and network resource abuse due to peer-to-peer (P2P) file sharing and video streaming. Trusted by many of the world’s most influential organizations, Blue Coat has shipped more than 18,000 proxy appliances. Blue Coat is headquartered in Sunnyvale, California, and can be reached at (408) 220-2200 or www.bluecoat.com.
FORWARD LOOKING STATEMENTS: The statements contained in this press release that are not purely historical are forward-looking statements, including statements regarding Blue Coat Systems’ expectations, beliefs, intentions or strategies regarding the future, including the capabilities of the ProxySG. All forward-looking statements included in this press release are based upon information available to Blue Coat Systems as of the date hereof, and Blue Coat Systems assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to Blue Coat Systems’ business are set forth in Blue Coat Systems’ most recently filed Form 10-Q for the quarter ended July 31, 2004, and other reports filed from time to time with the Securities and Exchange Commission.