Vixel Recognized for Outstanding Performance; Red Herring
Magazine, <VIXL.O>
Vixel Recognized for Outstanding Performance; Red Herring Magazine, Deloitte & Touche and Others Honor Vixel with Prestigious Awards BOTHELL, Wash.--(BUSINESS WIRE)--Nov. 3, 1999--Vixel Corporation (Nasdaq:VIXL) recently won four prominent awards based on its rapid growth and leading Storage Area Network (SAN) solutions from the technology and financial industries. The awards include: -- Red Herring magazine IPO Hall of Fame inductee -- Deloitte & Touche "Fast 50" list -- "Inc. 500" list of private companies by Inc. magazine -- The Puget Sound Business Journal "Fastest Growing Private Company" "It's quite an honor and an achievement for Vixel to receive numerous accolades all at once," said Jim McCluney, president and CEO, Vixel Corporation. "Yet we are not surprised by the recognition. Vixel has worked very hard to develop cutting-edge products that meet customer needs, and to ensure that everything we do, R&D, engineering, service and support, are of the highest quality." Vixel's ability to offer all components of the interconnect distinguishes it from the competition, enabling Vixel to become a customer favorite and market leader. The company's innovative Fibre Channel solutions provide storage technologies to customers in a variety of industries including, financial, film and video, retail, .com, e-commerce and virtually any business where applications are mission critical, data is increasing exponentially, and the business climate is highly competitive. Vixel's recent successful IPO, in conjunction with the announcements of the following four prestigious awards, demonstrate Vixel's successful vision and determination, placing it at the forefront of a rapidly expanding market. Red Herring By more than doubling its offering price on the first day of public trading, Vixel was inducted into the Red Herring IPO Hall of Fame. This prestigious list honors publicly traded companies throughout the U.S. with first-day gains of 100 percent or better. Deloitte & Touche Vixel placed 14th on the distinguished Deloitte & Touche "Fast 50" list, a compilation of Washington state's fastest-growing technology companies. Deloitte & Touche, a leading global professional services firm, ranks honorees through an analysis of five-year growth patterns. Inc. magazine Vixel, founded in 1991, was ranked 108th on the "Inc. 500" list for the company's high percentage of revenue growth over a five-year period. Vixel's revenue increased more than 1,800 percent between 1994 and 1998 and the company's number of employees swelled nearly eight fold. The Puget Sound Business Journal The Puget Sound Business Journal, serving the greater Seattle area, ranked Vixel the 10th "Fastest-Growing Private Company" headquartered in Washington state. Companies make the list based upon percentage increase in revenues over a three-year period, with Vixel's revenues jumping by 468 percent for the 1996 to 1998 period. Vixel offers a broad range of SAN interconnect products, including Fibre Channel switches, hubs and transceivers, all manageable under one software umbrella, SAN InSite(TM). The company recently announced the Vixel 2100 Zoning Managed Hub, featuring a zoning capacity of up to four loops. Also recently announced is Vixel's SAN InSite version 2.2, a Java-based software program that enables the user to manage all of Vixel's interconnect products in a SAN, including the zoning capability of the Vixel 2100 Zoning Managed Hub. About Vixel Corporation Vixel Corporation is a leading provider of Storage Area Network (SAN) solutions. The company's comprehensive product portfolio of switches, hubs and transceivers with a single management software application delivers a reliable, interoperable solution to its customers and partners. SAN InSite is Vixel's comprehensive management software for SANS, providing remote control and diagnostics for Fibre Channel switches, hubs and transceivers from a single console, reducing the administration and overhead of implementing a SAN. Established in 1991, the company continues to develop innovative Fibre Channel products to optimize the deployment, performance and management of SAN solutions. Vixel products are available through its network of value-added resellers, alliances and OEMs. For more information, visit Vixel's web site at www.vixel.com. Vixel Corporation is headquartered at 11911 North Creek Parkway South, Bothell, Washington 98011 and can be contacted by phone at 425/806-5509 or e-mail at marketingvixel.com.
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