GENBAND Named 63rd Fastest Growing Company in North America by Deloitte's 2008 Technology Fast 500 Annual List
Plano, TX, November 20, 2008 - GENBAND Inc., a market-leading developer of next-generation IP infrastructure solutions, today announced it has been ranked 63rd on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007. GENBAND grew 3,920 percent during this period.
“The last five years have been an extraordinary period of growth for GENBAND and we’re very pleased to be recognized by the prestigious Deloitte Technology Fast 500,” said Charles Vogt, president and chief executive officer of GENBAND. “Through our market-leading IP Gateways and security solutions, GENBAND employees and partners are together helping telecommunications operators around the world transition their networks to IP and improve their network security. We’re able to grow rapidly by helping companies save money through smart network evolution and protection.”
GENBAND is an innovator of IP technology that enables fixed and mobile operators to transport and route multimedia services over the Internet. The company is recognized as a worldwide market-share leader in IP Gateways ($1.6 billion market) by industry analysts Infonetics and Synergy Research. GENBAND’s recent acquisition of NextPoint Networks uniquely positions the company as one of the only equipment vendors in the world with market leading media, session border and security gateway technology.
“Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “We congratulate GENBAND on this significant accomplishment.”
During the past five calendar years, GENBAND has successfully secured business with more than half of the world’s top 100 network service providers, partnered with seven of the world’s largest telecom equipment manufacturers, extended its global reach to over 80 countries, executed four acquisitions, grown revenues from $2 to $94 million (YE 07) and expanded its employee base from 80 to 500.
About GENBAND
GENBAND is a leading supplier of next generation IP gateway solutions, session border controllers and fixed mobile convergence security solutions deployed in over half of the world’s 100 largest service providers. These high-performance, high-security 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 Brazil, China, Florida, Maryland, Massachusetts and Texas, and serves customers in more than 80 countries. Additional information is available at www.genband.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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
