Press release from Business Wire
Acme Packet Jumps More Than 50 Spots on the “Globe 100” List of Top Performing Massachusetts-Based Public Companies
<p class=' bwtextaligncenter'> <i>Leader in Session Border Control Solutions Ranked 29 for 2009; Listed as Fastest Growing Communications Equipment Company</i> </p>
Monday, May 24, 2010
Acme Packet Jumps More Than 50 Spots on the “Globe 100” List of Top Performing Massachusetts-Based Public Companies08:30 EDT Monday, May 24, 2010 BURLINGTON, Mass. (Business Wire) -- Acme Packet®, Inc. (NASDAQ: APKT), the leader in session border control solutions, today announced that the Boston Globe named Acme Packet to its 22nd annual Globe 100 list of top performing public companies in Massachusetts. Acme Packet advanced more than 50 spots from its 2008 ranking to 29in 2009—the biggest leap of any company in the communications or technology industries. The Globe 100 also ranked Acme Packet as the fastest growing communications equipment company with revenue growth of 22% in 2009. In 2009, Acme Packet achieved record financial results and strengthened its position as the leading provider of session border control (SBC) solutions for delivering trusted, first class interactive communications across internet protocol (IP) network borders for service providers, enterprises, contact centers and governments. The company's solutions are deployed at the borders between IP communication networks and serve to unify the separate and ever increasing number of IP communication service islands. Acme Packet has more than 1,000 customers and over 10,000 Net-Net® SBC systems deployed in countries around the world. Acme Packet was founded in Massachusetts nearly ten years ago and had over 300 of its 450 employees are based in the Bay State at the end of 2009. The Globe 100 ranks the best-performing, publicly traded corporations headquartered in Massachusetts based on increased sales, profits, and returns for shareholders. To be included in the list, companies must be profitable for two consecutive years—2008 and 2009. This year, only 82 Massachusetts companies were named to the Globe 100 making the list the most exclusive to date, while serving as a reminder of the challenging economic climate The list is based on a composite score derived from financial data for the four quarters ending December 31, 2009. “Companies on the Globe 100 list represent the very best in Massachusetts business. These companies show vision and set examples for how to adapt to a tough economic climate,” said Shirley Leung, business editor of The Boston Globe. “In the most challenging macro-economic environment in years, Acme Packet achieved record financial results in 2009 fueled by growing worldwide demand for our SBC solutions in next-generation networks,” said Andy Ory, president, CEO and co-founder of Acme Packet. “We are moving into an exciting stage of growth as both enterprises and services providers continue to rapidly deploy our products to ensure the secure, reliable end-to-end delivery of IP communications applications and services.” About Acme Packet: Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, enables the delivery of trusted, first-class interactive communications—voice, video and multimedia sessions—and data services across IP network borders. Our Net-Net family of session border controllers, multiservice security gateways and session routing proxies supports multiple applications in service provider, enterprise and contact center networks—from VoIP trunking to hosted enterprise and residential services to fixed-mobile convergence. They satisfy critical security, service assurance and regulatory requirements in wireline, cable and wireless networks; and support multiple protocols—SIP, H.323, MGCP/NCS, H.248 and RTSP—and multiple border points—service provider access and interconnect, and enterprise access and trunking. Over 10,000 Acme Packet systems have been deployed by more than 1,035 customers in over 105 countries. They include 90 of the top 100 service providers in the world; and 11 of the Fortune 25. For more information, contact us at +1 781.328.4400, or visit www.acmepacket.com. Acme Packet, Inc. Safe Harbor Statement Statements contained herein that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate, among other things, the benefits and features of sessions border controllers, the growth of our business, the ability to facilitate service and support and to secure large enterprise networks, as well as Acme Packet's expected range and reach into new markets and its relationships with new customers, distributions channel and product partners. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated. These include, but are not limited to: difficulties expanding its customer base; difficulties leveraging market opportunities; difficulties providing solutions that meet the needs of customers; poor product sales; long sales cycles; difficulty developing new products; difficulty in relationships with vendors and partners; higher risk in international operations; difficulty managing rapid growth; difficulty managing its financial performance; its ability to hire and retain employees and appropriately staff its operations; its cash needs; the impact of new accounting pronouncements and increased competition. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in the Company's recent filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.