GAITHERSBURG, MD, October 21, 2009 - BroadSoft, Inc., the leading worldwide provider of VoIP application software in the telecommunications industry, today announced that it ranked number 345 on the Technology Fast 500™, Deloitte LLP's ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004-2008. BroadSoft's fiscal year revenue grew 356 percent during this period.
"BroadSoft's growth reflects the rapid adoption of IP-based communications services by enterprises and consumers around the world, as well as our dedication to building solutions that can be easily personalized to meet the needs of today's market," said Michael Tessler, president and CEO of BroadSoft®. "We are honored to be recognized for a third consecutive year, and I credit the talent and dedication of the BroadSoft employees to delivering exceptional solutions and superior service to our customers for this achievement."
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate BroadSoft on this accomplishment."
In addition to ranking in the Technology Fast 500, BroadSoft was also among the top 50 percent of America's fastest growing private companies this year, ranked by Inc. Magazine - the Inc. 5,000.
"As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries."
BroadSoft®, the world-wide leader of VoIP application software, enables the delivery of hosted telephony and multimedia services. BroadSoft's family of carrier-class products, including its award-winning flagship BroadWorks® technology, empowers wireless, wireline and cable carriers to deliver next-generation voice and multimedia applications and advanced features that enable them to increase revenue, enhance competitive differentiation and increase customer satisfaction. BroadSoft products deliver 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 15 of the top 25 largest carriers worldwide, as measured by recent annual revenue, including KPN, Korea Telecom, Qwest, SingTel, Sprint, Swisscom, Telefonica de Espana, Telstra, T-Systems, and Verizon. For additional information, go to www.BroadSoft.com.