Glow Networks, Inc. Ranked Number 39 in Deloitte’s 2008 Technology Fast 50 Program for Texas

PR Contact: Dev Sridharan, CFO
(972) 699-1994
dsridharan@glownetworks.com

Glow Networks, Inc. Ranked Number 39 in Deloitte’s 2008 Technology Fast 50 Program for Texas Attributes team effort, quality and customer responsiveness to its 290 Percent Revenue Growth.

Richardson, TX, Oct 31, 2008 — Glow Networks, Inc. has been named to Deloitte’s prestigious Technology Fast 50 Program for Texas, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003–2007.

Glow Networks Acting CEO, Krish Prabhu credits sustained team effort, focus on quality and responsiveness to customer needs with the company’s 290 percent revenue growth from 2003–2007. Mr. Prabhu said, “Glow has developed into a reliable partner for its customers over the years and this is reflected in the impressive growth in revenues.”

“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years. Glow Networks has proven to be one of the fast-growth success stories in the Texas region, and we applaud their dedication to making their vision a reality.” said Skip Moore, managing partner of Technology, Media and Telecommunications, Deloitte & Touche LLP.

Glow Networks’ increase in revenues of 290 percent from 2003 to 2007 resulted in a 39th ranking in the Technology Fast 50 for Texas.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property 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. Using other companies’ technology or intellectual property in a unique way does not qualify.

Deloitte’s Technology Fast 50 program for Texas is co-presented by business sponsors who are key to the success of this program. Texas Fast 50 sponsors help produce the overall program, plan the Executive Retreat, present Fast 50 Awards to company officials, conduct CEO business surveys, and present business information and strategy sessions through a series of C-level roundtable seminars. The 2008 Deloitte Texas Fast 50 sponsors are America’s 401k, CresaPartners, Gardere Wynne Sewell LLP, NASDAQ OMX, Porsche and TriNet.

Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast50.com.

About Glow Networks, Inc.

Founded in 1999, Glow Networks (www.glownetworks.com) is an established ISO9001/TL9000 certified telecommunications engineering and consulting firm, catering to the needs of telecom equipment vendors and carriers. The company specializes in Wireless Broadband, Wireline (Optical Backbone), VoIP (Soft Switch), IP Multimedia Subsystem (IMS) and Enterprise products.

Glow’s customer-base includes world’s foremost equipment vendors and carriers such as Nortel, Alcatel-Lucent, Motorola, Tekelec, Ericsson and Nokia. Glow provides a range of managed services such as Network Engineering, Order Engineering, Systems Application Engineering, Switch Datafill, Configuration Engineering, Field/Site Engineering, RF Drive Test Services. Besides managed services, Glow Networks also provides skilled resources to its customers as non payroll workforce in the areas of engineering, interoperability testing, deployment (integration, software and hardware upgrades etc), other telecom and IT services).

Besides being named Nortel Networks’ Diversity Supplier of the Year for 2005, Glow Networks ranked 40th in a select list of 100 fastest growing companies in Dallas, was named to Deloitte’s prestigious Texas Technology Fast 50 Program and included among the fastest growing companies in North America on Deloitte’s Technology Fast 500 in 2006 and 2007. Glow was also the winner of the first DiversityNXT NXT Gen Solutions Supplier Award in 2007 and was also placed on the Inc. 5000 list in 2007 and 2008.

About Deloitte
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