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IntelePeer (News - Alert) Inc., a leader in the delivery of communications via cloud-based infrastructure, is ranked number 177 on the Technology Fast 500, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The ranking is being calculated on the basis of fiscal year revenue growth during the period from 2005-2009. IntelePeer's revenues grew 573 percent during this period.

Crediting his company’s impressive growth to its compelling value proposition during a global recession when its customers depended on doing more with less, IntelePeer's chairman and chief executive officer, Frank Fawzi said “Our global peering network and next-generation Communications-as-a-Service platform has allowed our customers to dramatically reduce their communications costs, improve the quality and reliability of their communications and benefit from the enhanced features our platform offers."

“Through this platform, our customers can get the most from their unified communications with features like rich media and multi-modal communications across any wireline, wireless or IP connected device. We enable our customers to join our federation of over 422M telephone numbers, leveraging it to lower their cost of communications as well as benefiting from end-to-end all-IP communication where possible. Because of this, IntelePeer is in a strong position to continue our extraordinary performance driven by the conversion of communications from legacy networks to our all-IP platform," he added.

"IntelePeer and the other 2010 Technology Fast 500 winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's (News - Alert) U.S. technology, media and telecommunications leader, in a statement. Deloitte commends IntelePeer for this impressive accomplishment."

“IntelePeer has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.

Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Erin Monda