Press release from Business Wire
Fortune Magazine Names Acme Packet Among the World's 100 Fastest-Growing Publicly Traded Companies
Wednesday, September 21, 2011
BEDFORD, Mass. (Business Wire) -- Acme Packet® (NASDAQ: APKT), the leader in session delivery network solutions, today announced that Fortune Magazine has named the company to its annual 100 Fastest-Growing Companies, ranking number one in Massachusetts-based companies, in the top 8 of fastest-growing technology companies and 25th overall.
Fortune Magazine ranks companies based on revenue growth rate, earnings per share growth rate and three-year annualized total return for the period ended June 30, 2010.
“The profound shift from voice-only telephony to Internet-based voice, video and unified communications continues to drive our business,” said Andy Ory, President and CEO of Acme Packet, Inc. “Our session delivery network solutions bridge the gap between IP transport and real-time, interactive communications. The ranking by Fortune Magazine highlights the demand for our products and our ability to leverage this growing market opportunity.”
From 2008 to 2010, Acme Packet revenues nearly doubled to $231 million and profits almost quadrupled to $43 million. The company's flagship product, the Net-Net session border controllers (SBCs), holds dominant market share within service providers and enterprises.
Earlier this year, Acme Packet was ranked ninth on the Boston Globe's 100 Top-Performing Massachusetts publicly held companies and cited as the state's best-performing stock for 2010. Additionally, the company announced the expansion of its worldwide headquarters facility by approximately 75 percent to accommodate all aspects of its business.
About Acme Packet
Acme Packet (NASDAQ: APKT), the leader in session delivery network solutions, enables the trusted, first-class delivery of next-generation voice, data and unified communications services and applications across IP networks. Our Net-Net product family fulfills demanding security, service assurance and regulatory requirements in service provider, enterprise and contact center networks. Based in Bedford, Massachusetts, Acme Packet designs and manufactures its products in the USA, selling them through over 150 reseller partners worldwide. More than 1,440 customers in 105 countries have deployed over 13,000 Acme Packet systems, including 90 of the top 100 service providers and 34 of the Fortune 100. For more information visit www.acmepacket.com.
Acme Packet 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, to our position in the session border control market, our expected financial and operating results, our ability to establish and maintain intellectual property rights, our ability to build and grow Acme Packet, our potential next stage of growth, the benefits and advantages of our products, including any enhancements or new features, services and programs, and our ability to achieve our goals, plans and objectives. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated. These include, but are not limited to: difficulties in growing our 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, 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 our recent filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.
Media and Industry Analysts:
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