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BroadSoft Ranked 4th Fastest Growing Technology
Company in Maryland by Deloitte's Technology Fast 50 Program
Award Recognizes BroadSoft's Phenomenal 2,171 Percent Growth
Revenue, Global Reach
GAITHERSBURG, MD, October 03, 2006 -- BroadSoft, Inc. has
been named the fourth fastest growing technology company by Deloitte's
prestigious Technology Fast 50 Program for Maryland. Rankings of
the 50 fastest growing technology, media, telecommunications, and
life sciences companies in the state by Deloitte & Touche USA
LLP are based on the percentage revenue growth over five years from
2001-2005. Deloitte is one of the nation's leading professional
services organizations.
BroadSoft is a leading provider of VoIP application
software. Many of the world's largest telecommunications service
providers use BroadSoft's BroadWorks® application platform to
provide hosted PBX, mobile PBX, business trunking, IP Centrex and
Call Center services to enterprises of all sizes and residential
customers.
Michael Tessler, president and CEO of BroadSoft, attributed
BroadSoft's recognition by Deloitte to the company's 2,171 percent
revenue growth from 2001-2005. "The BroadSoft family is proud
to be named one of Deloitte's Technology Fast 50 for Maryland. Our
success and this award are the result of execution of our business
objectives by BroadSoft staff and our business partners across the
globe," said Tessler.
BroadSoft's increase in revenues of 2,171 percent
from 2001 to 2005 resulted in a No. 4 ranking in the Technology
Fast 50 for Maryland. The average increase in revenues among companies
who made the Technology Fast 50 for the region was 663 percent.
"Sustaining high revenue growth over five years
is an exceptional accomplishment. We commend BroadSoft for making
the commitment to technology and delivering on the promise of market
longevity," said Andrew Harrs, Deloitte's Southeast TMT RIL
Regional Managing Partner.
To qualify for the Technology Fast 50, companies must
have had operating revenues of at least $50,000 in 2001 and $5,000,000
in 2005, be headquartered in North America, and be a company that
owns proprietary technology or proprietary intellectual property
that contributes to a significant portion of the company's operating
revenues; or devotes a significant proportion of revenues to the
research and development of technology. Using other companies' technology
or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs
in the United States and Canada are automatically entered in Deloitte's
Technology Fast 500 program, which ranks North America's top 500
fastest growing technology, media, telecommunications and life sciences
companies. For more information on Deloitte's Technology Fast 50
or Technology Fast 500 programs, visit www.fast500.com.
About BroadSoft
BroadSoft's VoIP application software is revolutionizing
the delivery of hosted telephony and multimedia services. Its flagship
BroadWorks® technology empowers wireless, wireline and cable
carriers to deliver next-generation voice and multimedia applications
and advanced features that increase revenue, enhance competitive
differentiation, and elevate customer satisfaction. BroadSoft's
family of carrier-class software products delivers the scale, open
architecture, and reliability that the world's leading telecommunications
companies demand to serve mission-critical enterprise and residential
broadband customers. BroadSoft provides VoIP applications to 6 of
the top 10 and 11 of the 25 largest carriers worldwide, including
Verizon, Korea Telecom, Singtel, Telefonica de Espana, Telstra,
T-Systems, and XO Communications.
About Deloitte
Deloitte refers to one or more of Deloitte Touche
Tohmatsu, a Swiss Verein, its member firms and their respective
subsidiaries and affiliates. As a Swiss Verein (association), neither
Deloitte Touche Tohmatsu nor any of its member firms has any liability
for each other's acts or omissions. Each of the member firms is
a separate and independent legal entity operating under the names
"Deloitte," "Deloitte & Touche," "Deloitte
Touche Tohmatsu" or other related names. Services are provided
by the member firms or their subsidiaries or affiliates and not
by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm
of Deloitte Touche Tohmatsu. In the US, services are provided by
the subsidiaries of Deloitte & Touche USA LLP (Deloitte &
Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory
Services LLP, Deloitte Tax LLP and their subsidiaries), and not
by Deloitte & Touche USA LLP.
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