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Accuray Ranked 274th Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500™

Posted on Oct 19, 2011

Exceptional 319 percent revenue growth from 2006-2010 to be enhanced by TomoTherapy acquisition.

Accuray Incorporated, the premier radiation oncology company, announced today that it ranked 274th on Deloitte's Technology Fast 500™ ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010; during this period, Accuray grew 319 percent.

Accuray manufactures two of the radiation oncology industry's leading-edge technologies: the CyberKnife® Robotic Radiosurgery System, a premier radiosurgery/stereotactic body radiotherapy (SRS/SBRT) solution, and the TomoTherapy® Radiation Therapy System, an innovative daily image-guided intensity modulated radiation therapy (IMRT) platform. Together, the two systems allow Accuray to deliver advanced, personalized treatment solutions for almost every cancer patient.

"Accuray is proud to be honored as one of the fastest growing companies in North America," said Euan Thomson, Ph. D., chief executive officer, Accuray Incorporated. "This award acknowledges the growth of our core business prior to our acquisition of TomoTherapy in June of 2011. We expect the powerful combination of the CyberKnife and TomoTherapy Systems to promote supplementary growth for the company in the future."

"Accuray, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Accuray for its remarkable accomplishment."

"We are pleased to honor Accuray as a 2011 Technology Fast 500 company," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, Accuray has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."

Accuray has been ranked in Deloitte's Technology Fast 500 every year since 2008, and in 2010, was ranked #113 on the Technology Fast 500™ list.

Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.

About Deloitte's 2011 Technology Fast 500™

Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.

In order to be eligible the Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.


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