BROOMFIELD, Colo., Oct. 20, 2006 (PRIMEZONE) -- McDATA Corporation (Nasdaq:MCDTA) (Nasdaq:MCDT), a leading provider of data access solutions, today announced that McDATA has been named a Colorado Technology Fast 50 Winner for the sixth year in a row (2001-2006). McDATA's 16 percent increase in revenues from 2001 to 2005 positioned McDATA to rank 47 on the listing of 50 fastest growing technology companies in Colorado and qualified McDATA for inclusion in Deloitte's Technology Fast 500 list of fast growing North American companies.
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over a five-year period," said Kurt J. Randall, Colorado Technology, Media and Telecommunications Leader, Deloitte Tax LLP. "McDATA has proven to be one of the fast-growth success stories in Colorado, and we applaud their dedication to making their vision a reality."
To qualify for the Colorado Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Colorado, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Deloitte's Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About McDATA (www.mcdata.com)
McDATA (Nasdaq: MCDTA) (Nasdaq:MCDT) is the leading provider of data access solutions, helping customers build, globally connect, optimize and centrally manage data infrastructures across SAN, MAN and WAN environments. With nearly 25 years experience developing SAN products, services and solutions, McDATA is the trusted partner in the world's largest data centers, connecting more than two-thirds of all networked data.