GENBAND Inc., a market-leading developer of next-generation IP infrastructure solutions, today announced it ranked 63rd on Deloitte’s 2009 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 2004–2008. GENBAND grew 2,869 percent during this period.

“Being named to Deloitte’s list last year was a terrific recognition, but remaining on the list again this year amid such a difficult macroeconomic climate has been especially gratifying,” said Charlie Vogt, president and chief executive officer of GENBAND.

“The past five years represent an unprecedented growth period for GENBAND and this ranking is further validation of our product innovation, customer-centric culture and aggressive growth strategy. I congratulate all of our employees on this achievement.”

Today GENBAND is recognized as a worldwide market-share leader in IP Gateways by industry analysts Infonetics and Synergy Research. Since its founding in June of 1999, GENBAND has been driving the evolution and transformation of telecommunications networks through market-leading IP gateways, session border controllers and fixed mobile convergence solutions.

These high-performance, high-security gateways are at the center of fixed and mobile networks around the globe. Under the direction of Mr. Vogt, who was appointed CEO in September 2004, GENBAND has leveraged its powerful media gateway technology and acquired other key IP platform assets to become a category leader.

Over 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 three major acquisitions and grown annual revenues from $5 million to $145 million (YE 2008).
(Courtesy: NetEvents)

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