Leading Provider of VoIP Applications Records Three-year Sales Growth of 130%
GAITHERSBURG, MD, August 28, 2009 - BroadSoft, Inc., the worldwide leader in VoIP applications, today announced that it is among the nation's fastest-growing private companies for the third consecutive year, as ranked by Inc. magazine - the Inc. 5,000. The list represents the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
BroadSoft® develops software that enables telecommunications service providers to deliver hosted telephony and multimedia services to large enterprises, small and medium-sized businesses (SMBs) and residential subscribers. In November 2008, BroadSoft celebrated its 10-year anniversary, demonstrating a long history of growth, innovation and thought leadership in the IP industry. In 2008, the company achieved several significant milestones that further solidified its global leadership position and contributed to its growth, including:
- Acquisitions of two key competitors: Sylantro Systems and the GENBAND M6 product line
- Launch of a joint Hosted Unified Communications offering with Microsoft
- Introduction and rapid expansion of its open application development initiative, Xtended
"Despite the global recession, BroadSoft experienced solid growth in 2008 with Q4 being the strongest single quarter performance in the company's history," said Michael Tessler, president and CEO of BroadSoft. "We attribute this growth to the rising demand for hosted applications amongst enterprises, especially SMBs. The economic environment has challenged companies to find innovative ways to boost productivity and efficiency with less budget and resources. Hosted solutions, or Software as a Service (SaaS), deliver advanced communications and collaboration capabilities without the need to purchase and maintain expensive on-premise equipment."
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BroadSoft® provides VoIP application software that enables the delivery of hosted telephony and multimedia services. After the 2008 acquisitions of Sylantro and the GENBAND M6 product line, BroadSoft has emerged as the undisputed market leader of VoIP application servers. 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 elevate 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.