Data Storage Companies Top Forbes’ Fast-Growing Tech List

It’s no secret that data has been growing so fast that enterprises have trouble keeping up with it all, so perhaps it’s not surprising that data storage networking companies ranked near the top of Forbes’ list of fastest-growing tech companies.

The list of the 25 fastest-growing publicly traded technology companies, published last week, ranked Compellent (NYSE: CML) number three and 3PAR (NYSE: PAR) number four.

The rebounding economy was kind to both companies. Compellent doubled its sales last year, while 3PAR grew 80 percent.

The number two company on the list — Riverbed Technology (NASDAQ: RVBD) — also owes its growth to the data boom. Riverbed, which accelerates access to data across wide area networks (WANs), grew 165 percent last year.

The top company on the list — First Solar (NASDAQ: FSLR) — benefited from the solar energy boom, growing 182 percent.

It’ll be tough for all four companies to maintain their positions on next year’s list. According to Thomson Reuters, Compellent and First Solar are expected to slow to a still-enviable 30 percent growth rate this year, while 3PAR and Riverbed are expected to drop into the high teens.

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Paul Shread
Paul Shread
eSecurity Editor Paul Shread has covered nearly every aspect of enterprise technology in his 20+ years in IT journalism, including an award-winning series on software-defined data centers. He wrote a column on small business technology for, and covered financial markets for 10 years, from the dot-com boom and bust to the 2007-2009 financial crisis. He holds a market analyst certification.

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