ITXC, one of the largest wholesale telephone companies in the world, started life in 1997 with a modest $59,000 in revenues. By 2002, ITXC grew its revenues to $173,220,000 for an astounding increase of 293,493 percent. That performance placed ITXC at the top of this year’s Fast 500.
	After Extreme Networks was launched six years ago, the company didn’t wait for its Ethernet network switching solutions to take off in its own backyard. Instead, the company immediately launched a marketing effort in Asia and Europe. It was a strategy that ultimately helped propel Extreme Networks to the number-two spot on the 2002 Technology Fast 500 list.
	Cray, the direct successor to the company that dominated the global supercomputer market for more than two decades, is proof that you don’t have to be an industry upstart to enjoy meteoric growth. Cray earned the number-three spot on this year’s Fast 500 list. The company saw 2001 revenues of $133,607,000 and 180,450 percent revenue growth over five years.
	Openwave was one of the early pioneers in mobile data and messaging, introducing its first software products in 1994. Today Openwave provides technology to more than 85 mobile operators, 45 handset manufacturers, and is present in over 204 million mobile data enabled handsets. This worldwide reach helped the company achieve fourth place on this year’s Fast 500 list.
	When bottlenecks threaten to stall traffic on the networks of telecommunications carriers like AT&T and Bell Canada/BCE, they turn to Universal Access to clear the way. Using its own database to view the layout and availability of nearly every major carrier, Universal Access interconnects the networks of the competing global carriers to alleviate bottlenecks and allow voice and data traffic to reach its destination.