GENBAND Joins with Major Brazilian University to Invest in Latin American R&D Center
Curitiba, Pontific Catholic University and GENBAND Inaugurate R&D Center in Curitiba Techno Park, a Major Economic Empowerment Zone
Curitiba, Brazil, September 17, 2008 – GENBAND, a market-leading developer of next-generation IP infrastructure solutions, today announced it has moved its Brazilian Research and Development Center in Curitiba with the establishment of an R&D cooperation agreement with Pontific Catholic University (PontifÃcia Universidade Católico or PUC). The new facility is located within Techno Park in Curitiba as part of a cutting-edge economic program sponsored by PUC, the largest university in Curitiba. Techno Park is an ideal location for GENBAND to continue to serve the South and Central American markets, while benefiting from a strategic talent pool in the region.
“We’re extremely pleased to inaugurate the GENBAND R&D Center in Curitiba in cooperation with PUC and look forward to capitalizing on several new strategic assets of Curitiba,” said Charles Vogt, GENBAND president and CEO. “Not only is Brazil a major market for us, but it is also perfectly situated in the CALA region – allowing us to leverage our presence here in better serving and understanding the entire Latin American market. We commend both Pontific Catholic University and Curitiba Agency for this important initiative and know that we will benefit significantly from the extraordinarily well-educated talent pool the university and city produce.”
As the worldwide market-share leader in IP Gateways ($1.6 billion market), according to industry analysts Infonetics and Synergy Research, GENBAND has enjoyed a three-year sales growth of 1,829 percent. For the second consecutive year, Inc. Magazine named GENBAND to its prestigious list of fastest growing private companies, ascending to no. 109 overall and 3rd among telecommunications companies.
“GENBAND is precisely the type of technology and telecommunications leader we intended to attract to Techno Park,” said Marcio Espinosa e Professos Geraldo, Pontific Catholic University. “Our setting is ideal for fast growing, entrepreneurial-minded companies that are innovation centric and require a highly skilled workforce. IP-based telecommunications is the future and we couldn’t be more pleased to inaugurate our economic empowerment zone with GENBAND.”
GENBAND is an innovator of IP technology that enables fixed and mobile operators to transport and route multimedia services over the Internet. During the past four calendar years, GENBAND has successfully secured business with more than 60 of the world’s top 100 network service providers, partnered with eight of the world’s largest telecom equipment manufacturers, extended its global reach to over 80 countries, executed four acquisitions, grown revenues from $5 to $94 million (FY 07) and expanded its employee base from 90 to 550.
GENBAND’s R&D Center in Brazil employs an outstanding team of development engineers that is focused on design enhancements to several leading GENBAND products and participates with US-based teams on innovative product development. GENBAND also has a sales office in Sao Paulo.
About GENBAND
GENBAND is a leading supplier of next generation IP gateway solutions deployed in over 60 of the world’s 100 largest service providers spanning more than 80 countries. These high-performance gateway platforms are at the center of fixed and mobile networks around the globe, evolving, securing and enhancing communications networks. Headquartered in Plano, Texas, GENBAND has research and development facilities in Texas, Massachusetts, Maryland, Florida, China and Brazil.
Contacts:
Kim Lee Frank Puglia
GENBAND Inc. GENBAND Inc.
+1.972.265.3766 +1.972.265.3612
kim.lee@genband.com frank.puglia@genband.com
