GENBAND Named to Inc. 500 List of Fastest Growing Private Companies
August 29, 2007, Plano, TX - GENBAND™ Inc., a market-leading developer of next-generation IP gateways and application solutions, today announced that it has been named on the 26th annual Inc. 500 list of the fastest-growing private companies in the U.S.
This is the first time GENBAND was eligible for this prestigious list of the nations’ fastest growing privately held companies. Inclusion on the list is based on a company’s percent increase in revenues over a four year period. From 2003 to 2006 GENBAND revenues grew 1,089.8% percent, which places the company at 194 in the ranking. For the Inc. telecommunications industry category, GENBAND ranked number 12 in the top 100 listing.
“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
“We are extremely pleased and certainly honored that GENBAND has achieved this recognition,” said Charles Vogt, president and chief executive officer of GENBAND. “It is a credit to our employees, shareholders, and partners as we are seeing the results of much hard work and perseverance.”
The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
About GENBAND
GENBAND is a leading supplier of IP infrastructure and application solutions to fixed wireline, cable, and mobile service providers. These high-performance gateway and application products uniquely address the challenges and opportunities associated with the migration of today’s legacy TDM and 2G networks to NGN and IMS. Headquartered in Plano, Texas, GENBAND has research and development facilities in Texas, China and India. Additional information is available at www.genband.com.
Contacts:
Noah Sessions
GENBAND Inc.
+1.972.265.3664
noah.sessions@genband.com