Awarded by Deloitte & Touche LLP; named sixth fastest-growing Silicon Valley tech company.

Vernier Networks, a developer of clientless network access management products, recently announced that it has been awarded the prestigious Technology Fast 50 Rising Star by Deloitte & Touche LLP.

Vernier Networks was named sixth fastest-growing Silicon Valley tech company and leads the secure network access management market. Deloitte selects the 50 fastest growing technology companies in Silicon Valley based on percentage revenue growth during a five year span.

"The secure network access market is one of the hottest growth areas in security and this award not only confirms Vernier as an emerging leader but validates the market itself," said Simon Khalaf, CEO, Vernier Networks. "We are extremely proud that Deloitte has recognized Vernier Networks as one of the fastest growing technology companies in the Silicon Valley, as it is a testament to our staff's hard work, our strong customer traction and continued focus on innovation."

"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today's very competitive technology environment," said Jonathan Dharmapalan, Managing Partner of the Northern Pacific Technology, Media and Telecommunications practice at Deloitte. "We applaud the success of Vernier and acknowledge it as one of the very few to accomplish such a fast growth rate during the past five years."

To qualify for the Technology Fast 50 Rising Star category, companies had to fulfill criteria like - operating revenues of at least $50,000 in 2002 and $1,000,000 in 2004, be headquartered in Silicon Valley, and 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.