Tuesday, April 21, 2009

Cbeyond Recognized by Atlanta Business Chronicle as One of Georgia’s 25 Fastest-Growing Publicly Traded Companies for Second Consecutive Year

(BUSINESS WIRE)--Cbeyond, Inc. (NASDAQ: CBEY), a leading IP-based managed service provider to small businesses, has been named one of Atlanta’s fastest growing public companies by the Atlanta Business Chronicle. Cbeyond has been ranked number 21 on the list of rapidly-growing Georgia companies. In terms of annual revenue growth, Cbeyond is ranked fourth*.

“Cbeyond’s consistent growth and stability continues to be validated in the market and we are pleased to be recognized by the Atlanta Business Chronicle as one of the fastest- growing companies in Georgia,” said Jim Geiger, chairman, president and chief executive officer of Cbeyond. “We will continue to focus on our business model and proven expertise in delivering the communications and IT services small businesses need.”

This achievement comes on the heels of several additional industry honors including being ranked the sixth fastest-growing technology company on Forbes Fast Tech list, and recently named as a 2009 Member’s Choice Award winner for being a “Top 10 Integrated Access Solutions Provider” as voted by 3,200 national resellers by the Telecom Association of Channel Partners.

Innovative Solutions that Small Businesses Need Fuel Growth

Cbeyond continues to provide innovative solutions that small businesses require to manage and grow their business. Offering more than 30 productivity enhancing solutions in the Cbeyond portfolio, customers benefit from customized and easy-to-use communications packages all managed over a private, high-quality IP network.

Mobile voice and data, T-1 Internet access, local and long-distance voice, broadband laptop access, web hosting, data backup, secure desktop, file-sharing and virtual private networking are some of Cbeyond’s product set that provides extensive benefits for today’s small businesses.

One of this year’s product highlights has been the introduction of Cbeyond’s Mobile Workforce Manager, a mobile application that allows customers to track and route field service personnel via their smartphones. Named “Best of Show, Editor’s Choice” at the 2009 IT Expo Conference earlier this year, Mobile Workforce Manager is making rapid headway in the industry and more importantly, providing value and bottom line improvement to small businesses.

*About Georgia’s 25 Fastest-Growing Public Companies List

To complete the list of fast-growing Georgia companies, the Atlanta Business Chronicle collected the past three years’ annual revenue and employment figures from Georgia public companies’ annual reports filed with the Securities and Exchange Commission in 2007, 2008, and as of March 16, 2009.

Companies were ranked by a growth index formula which is used to even the playing field among companies of different sizes. The revenue and employee growth indexes are the percentage change from 2006 through 2008 multiplied by the absolute change for the same years. A company’s average employee or revenue growth index is the growth index divided by the average growth of companies that qualify for the ranking. Companies must be at least $100 million in revenue to be considered for the top 25 fastest-growing list.

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