Glow Networks Wins Prestigious Dallas 100 Award

Richardson, Texas: Glow Networks, Inc. (www.glownetworks.com), a research, consultancy and engineering firm providing end-to-end network services and solutions for the telecom market, has won the prestigious Dallas 100 award, in recognition of its phenomenal growth during the 2003-2005 timeframe. The network services provider was ranked 40th amongst thousands of companies in Dallas that qualified for this honor.

Co-founded in 1990 by the Caruth Institute for Entrepreneurship at the SMU Cox School of Business, the Dallas 100 Awards is an annual event that identifies and honors the 100 fastest-growing privately held companies in the Dallas area. The stringent qualification criteria for the award include the legal status, location, sales history, credit report and character of a company, while the winners are chosen on the basis of increased growth in sales, giving weight to percentage of growth as well as absolute dollar growth between 2003 and 2005. The Dallas 100 award is widely recognized as a tribute to the innovative spirit, determination and business savvy of entrepreneurs in the area.

“We feel extremely honored to be amongst a select group of winners of this prestigious award. Being a Dallas 100 winner is another testimony to the rapid strides we have taken in the past few years,” said Dr. Jay Srinivasan, Founder and President of Glow Networks. “Our business performance thus far and the numerous accolades that we have received during this year certainly make this a momentous year in our young history. I’d like to thank our various stakeholders- our customers, employees and investors- for making this possible. At the same time, I want to reiterate the company’s commitment to help our clients save and make money with more efficient use of network technologies.”

Glow Networks has enjoyed an impressive growth of over 300 percent in the past three years and is set to record a robust growth this year as well. The company has been rapidly expanding its customer base while deepening its engagement with existing clientele that include telecom industry leaders such as Motorola, Nortel and Alcatel. In August 2006, Glow Networks acquired the assets of Tri-MC Enterprises to add telecommunications Engineer, Furnish & Install services to its portfolio and thus provide a full range of power and grounding services to the telecommunications industry. Recently, the company also found a place in Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.

“The Dallas 100 award is not merely a reflection of our excellent revenue growth over a period of three years but also of other attributes of corporate governance as evaluated by the awards committee, which makes it a very special honor,” said Dev Sridharan, CFO. “It is heartening to see the success of the customer-centric, results-driven approach that we have steadfastly followed and is now an integral part of our organization’s culture.”

About Glow Networks

Founded in 1999 by Dr. Jay Srinivasan, Glow Networks (www.glownetworks.com) is a privately-held, Minority Business Enterprise headquartered in Richardson, Texas. Exclusively focused on networks and the core ingredients that are essential to network performance, the company provides end-to-end research, consultancy and engineering services with the aim of improving operational and financial performance of network technologies. With a team of over 175 engineers & consultants, the company caters to the entire lifecycle of networks from analysis to design, deployment, optimization and management. The TL 9000- and ISO 9001- certified company is a preferred supplier to many of the leading telecom equipment vendors. Glow Networks is the recipient of the "Diversity Supplier of the Year" award from Nortel and a nomination for the "Minority Business Enterprise of the Year – Class II" award from Alcatel for 2005. Based on annual revenues in 2005, the company was also listed amongst the Top 50 minority-owned companies in the Dallas-Fort Worth area by the Dallas Morning News. Glow Networks was also ranked amongst the Top 50 fastest growing technology companies in the Dallas-Fort Worth area based on percentage revenue growth over five years (2001 to 2005), as announced by Metroplex Technology Business Council.

Media Inquiries
Dev Sridharan
Tel: 972 699 1994

Business Inquiries
Dan Bujold
Tel: 972 699 1994