SUNNYVALE, CA, April 17, 2008 - ShoreTel, Inc., (NASDAQ: SHOR), a leading provider of Pure IP Unified Communications solutions, announced today that the San Jose Mercury News has included ShoreTel in the 2007 Silicon Valley 150, ranking the company number 148 with $117.5 million in reported revenue for CY 2007. ShoreTel earned even higher marks for other report metrics, including 126th in market capitalization at $219.8 million, 95th in profit at $8.3 million and 70th in profit margin at 7 percent.
The San Jose Mercury News, recognized as the newspaper of record for the Northern California technology business region, conducts the annual Silicon Valley 150, ranking public companies headquartered in Santa Clara, Santa Cruz, southern San Mateo and southern Alameda Counties. Companies are evaluated on the basis of worldwide revenues for the most recent available four quarters. Market capitalization -- the number of shares outstanding multiplied by the price of a single share -- is as of March 31, the last trading day of the first quarter of 2008.
Throughout 2007, ShoreTel maintained a steady stream of partner, product and customer announcements, including strategic distribution partnerships with AT&T and Black Box.
The company celebrated winning numerous prestigious awards, including Inc. magazine 5000 award, Deloitte Technology Fast 500 in North America and Fast 50 in the San Francisco Bay Area, and Silicon Valley/San Jose Business Journal Fast 50.
The Silicon Valley 150 was published in the April 13, 2008 edition of the San Jose Mercury News. |
