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PDI Ranked Number 300 Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500(TM)Company Attributes 286 Percent Revenue Growth to Dramatic Data Center Expansions (October 26, 2011)
RICHMOND, VA -- (Marketwire) -- 10/26/11 -- Power Distribution, Inc. (PDI), a leading provider of mission-critical power distribution equipment for data centers, alternative energy, industrial, and commercial power markets, today announced it ranked Number 300 on Deloitte's Technology Fast 500 ranking of the 500 fastest growing companies in North America -- due in part to its 286 percent growth.
PDI's Chief Executive Officer, Rob Sweaney, explains the reasons behind the company's dramatic growth, "As more enterprises gravitate to the cloud for data storage, they need to expand their data centers, but still keep operational costs in check. To help manage this growth, these companies are turning to PDI for efficient power management solutions to support their increased data storage and retrieval needs."
"PDI, like all 2011 Technology Fast 500 companies, have excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes PDI for its remarkable accomplishment."
"We are pleased to honor PDI as a 2011 Technology Fast 500 company," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, PDI has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."
Learn more about PDI's innovative solutions at the following events:
- 7x24 Exchange - Lake Michigan Chapter, North Lake, Illinois, October 27, 2011.
- DatacenterDynamics, Dallas, Texas, November 1, 2011. To register, click here.
- 7x24 Exchange 2011 Fall Conference, November 13-16, 2011, Phoenix, Arizona.
- DatacenterDynamics, London, November 30 - December 1, 2011. To register, click here.
- DatacenterDynamics, Toronto, Canada, December 12, 2011.
Read PDI's latest industry article: Power Distribution Management - The Key to Increasing Data Center Efficiencies.
About Deloitte's 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Power Distribution, Inc.
Founded in 1978, PDI is a leading provider of power distribution equipment and services. PDI, part of Smiths Interconnect, is headquartered out of Virginia with additional manufacturing and engineering facilities in California and Michigan. The PDI, Marelco, and Onyx Power branded products cover a wide range of customized power solutions for data centers, wind, solar and other alternative energy, commercial, and industrial applications.
About Smiths Interconnect
Smiths Interconnect www.smithsinterconnect.com is a leader in technically differentiated electronic and radio frequency products that connect, protect and control critical systems for the wireless telecommunications, aerospace, defence, space, medical, rail, test and industrial markets. It is part of Smiths Group www.smiths.com, a global leader in applying advanced technologies for markets in threat and contraband detection, energy, medical devices, communications and engineered components. Smiths Group employs around 23,000 people in more than 50 countries.
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