2008-08-26 17:44:01 -
www.genband.com - GENBAND Inc. Kim Lee, 972-265-3766 kim.lee@genband.com or Frank Puglia, 972-265-3612 frank.puglia@genband.com GENBAND, a market-leading developer of next-generation IP infrastructure solutions, has been named to Inc. Magazine's prestigious list of the fastest growing private companies in America for the second consecutive year, ascending to #109 overall. Inc.'s 27th annual list is the most comprehensive look at the most important
segment of the economy - America's independent-minded entrepreneurs. Companies such as Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
"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-growing companies in the nation - the ones coming up with solutions to some of our knottiest problems, 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."
Last year GENBAND ranked 194 overall and no. 12 in the telecommunications category.
"We feel very fortunate to receive this prestigious award for the second consecutive year," said Charles Vogt, president and chief executive officer of GENBAND. "GENBAND is experiencing even stronger performance this year, receiving multiple industry and business awards which are a direct result of our extraordinary employees, shareholders and strategic partners. We look forward to continuing our momentum and capitalizing on the tremendous mobile broadband and wireline telecommunications opportunities in the industry."
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.
During the past four calendar years, GENBAND has successfully secured business with more than half of the world's top 100 network service providers, partnered with six of the world's largest telecom equipment manufacturers, extended its global reach to over 60 countries, executed three acquisitions, grown revenues from $5 to $94 million and expanded its employee base from 90 to 475.
In June, GENBAND's CEO Charlie Vogt was recognized as Ernst & Young's Regional Entrepreneur of the Year in the technology category.
First introduced in 1982, the Inc. 500 recognizes companies which drive the U.S. economy, crossing a wide range of sectors including consumer products, financial services, retail and technology. The Inc. 500 is ranked according to percentage revenue growth over a four-year period.
Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com. GENBAND will be featured in the September issue of Inc. magazine (on newsstands Aug. 26-Sept. 30).
About GENBAND
GENBAND is a leading supplier of next generation IP gateway solutions deployed in over half of the world's largest service providers spanning more than 60 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, China and Brazil. Additional information is available at www.genband.com.
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 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
About Inc. 500/Inc. 5000 Conference Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars -- the privately held small businesses that drive our economy. The Inc. 500/Inc. 5000 Conference brings together members of the Inc. 5000 community--both a new class of Inc. 5000 honorees and the list's alumni--for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit www.Inc500Conference.com or call us at 877-211-0489.
With Three-Year Sales Growth of 1,829 Percent, Company Ranks 3rd
Among Telecommunications Companies and 4th in Dallas Metroplex Area
