Revenue Growth of 1,499 Percent Nets BroadSoft Its 2nd Consecutive Appearance on the Prestigious List
GAITHERSBURG, MD, Oct. 4, 2007 - BroadSoft, Inc., a leading provider of VoIP application software, today announced that it is the 5th fastest growing technology company in Maryland, as recognized by Deloitte & Touche LLP. This is the second consecutive year that BroadSoft has ranked in the top 5 on Deloitte's prestigious "Maryland Technology Fast 50." In 2006, BroadSoft ranked No. 4.
Michael Tessler, president and CEO of BroadSoft, credits the superior quality of BroadSoft's award-winning flagship BroadWorks® VoIP application platform and rising adoption rate of VoIP services by enterprises and residential users around the world for the company's impressive 1,499 percent revenue growth from 2002-2006.
"This high ranking is the latest in a string of similar announcements," Tessler said. "In addition to being the 5th fastest-growing company in Maryland on Deloitte's list, we were recently ranked the No. 1 global private telecom company by Light Reading, and named to Inc. magazine's Inc. 5,000.
"These acknowledgments, highlighted by Deloitte's Fast 50 honor, underscore the talent and dedication of the people who work for BroadSoft around the globe," he continued. "It's because of them that our BroadWorks applications platform is the market leader for VoIP and fixed-mobile convergence solutions."
The rankings were compiled by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations, and were based on the percentage of revenue growth in the last five years.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, have headquarters in Maryland and own 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. Companies from 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.
This year's Maryland Technology Fast 50 program was presented by Deloitte and sponsored by WilmerHale, NASDAQ and SmartCEO.
BroadSoft provides VoIP application software that enables the delivery of hosted telephony and multimedia services. 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'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 7 of the top 10 and 13 of the top 25 largest carriers worldwide, as measured by recent annual revenue, including Korea Telecom, KPN, Singtel, Sprint, Telefonica de Espana, Telstra, T-Systems, and Verizon. For additional information, go to www.broadsoft.com.
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