Wednesday November 3, 8:03 am Eastern Time
Company Press Release
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 - news) 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. |
