| Fast-growing thin-client vendor acquires mainframe Linux terminal line |
Sep. 23, 2004
 Neoware has made another "fastest-growing companies" list, rating 18th on Deloitte's "Fast 50" ranking of technology companies in the Delaware Valley. Additionally, the Linux thin-client, server-centric computing specialist has purchased an IBM mainframe thin-client business from Visara, including assets, licenses, customer lists, contracts, and non-competition agreements.
Fast growth in thin-client market
Earlier this year, Neoware ranked eighth on Fortune Magazine's list of the 100 fastest growing US companies. Now, leading professional services firm Deloitte has deemed Neoware to be the 18th fastest growing company in the Delaware Valley, a nine-county region comprising the greater Philadelphia-Camden-Trenton area in Pennsylvania, Delaware, and New Jersey.
According to Deloitte, Neoware's revenue grew 439 percent between 1999 and 2003. Neoware rated 42nd on Deloitte's listing for the previous year.
Deloitte publishes its "Fast 50" lists for 18 regions around the US, along with a national "Fast 500" list. Partial results for 2004, and complete results for earlier years can be viewed online. Other interesting companies on the 2004 list include RF Micro (21st in North Carolina), California Amplifier (28th in Los Angeles), Red Hat (28th in North Carolina), SlickEdit (46th in North Carolina), and LVL7 ("Rising Star" award for North Carolina), to name a few.
Neoware acquires IBM terminal specialist
Neoware announced today that it has acquired Visara Technology's thin-client business, including a line of Linux-based coaxial and twinaxial thin clients that work with IBM midrange systems and mainframes.
According to Gartner, sales of IBM mainframes grew 20 percent in 2003, to $6.8 billion. Meanwhile, an independent survey conducted in May of 2003 by TechRepublic suggests that more than 30 percent of enterprise customers still use older network infrastructure, such as coax and twinax.
"By acquiring Visara's product line and technology we have the opportunity to further enhance our relationships with large enterprise customers and bring additional technology to them through our relationship with IBM," stated Michael Kantrowitz, Chairman and CEO of Neoware.
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