GENBAND Named Fastest Growing Company in the Area by Comerica Bank Collin 60 Program
Plano, TX, May 7, 2009 - GENBAND Inc., a market-leading developer of next-generation IP infrastructure solutions, today announced it has been recognized by Comerica Bank Collin 60 as the fastest growing company in the Collin County, Texas area. Charles Vogt, GENBAND President and CEO accepted the award on behalf of the company and employees at a ceremony held Monday, May 4, 2009.
The Comerica Bank Collin 60 Awards Program is in its fifth year and recognizes high growth companies in Collin County and other North Texas areas. Selected from an area with more than 15,000 private companies, winners of the Comerica Collin 60 are determined by the percentage of growth over the past three years as compared to the base year of 2005.
“The inclusion of GENBAND among this year’s Comerica Collin 60 award winners is a testament to the company’s impressive growth, and we congratulate GENBAND on this recognition,” said David Whiting, Senior Vice President of Comerica Bank’s Technology and Life Sciences Division. “Collin County has consistently been a strategic center for the telecommunications sector and we are pleased to see this reflected in GENBAND’s designation as the fastest-growing company in the county.”
“We are grateful and humbled by the global recognition GENBAND has received over the past year due to our extraordinary growth in recent years,” said Mr. Vogt. “It is a privilege to take part in the elite Comerica Bank Collin 60 program celebrating an impressive peer group of high quality companies that have been able to continue rapid growth in such challenging times. GENBAND’s success in evolving today’s legacy communication network to an all-IP next generation network is made possible by our outstanding community, which offers unbeatable education, highly skilled employees and one of the most friendly business environments.”
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 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.
GENBAND has seen particularly strong growth over the past four calendar years, with revenues growing from nearly $5 million in 2004 to over $144 million in 2008, representing a 2,900 percent increase. During that time, GENBAND has successfully secured business with more than half 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 three major acquisitions and expanded its employee base from 90 to nearly 500. In 2008, GENBAND was named for the second consecutive year to the Inc. 500 list of fastest growing privately-held companies in the nation, climbing to the 109th overall position.
About GENBAND
GENBAND is a global leader and innovator of next generation IP media, session border and fixed mobile convergence security solutions deployed in over half of the world’s 100 largest service providers. These high-performance gateway solutions are at the core of fixed and mobile networks around the world - evolving, securing and enhancing communications networks. Headquartered in Plano, Texas, GENBAND has Centers of Excellence in Brazil, China, Maryland, Massachusetts and Texas, and serves customers and partners in more than 80 countries. Additional information is available at www.genband.com.
Contacts:
Kim Lee
GENBAND Inc.
+1.972.265.3766
kim.lee@genband.com
Frank Puglia
GENBAND Inc.
+1.972.265.3612
frank.puglia@genband.com
