State’s best-performing stock for 2010 and NASDAQ’s top stock in 2010 for companies with valuations of $1 billion or more; surges 71 spots on the Globe 100 list since 2009
BEDFORD, MA, MAY 23, 2011 — Acme Packet® (NASDAQ: APKT), the leader in session delivery network solutions, today announced that the rapidly-growing company has earned the ninth spot on the Boston Globe’s annual Globe 100 ranking of top-performing publicly traded companies in Massachusetts. Acme Packet jumped 20 places when compared to last year’s list – and 71 since 2009’s ranking, with the 2011 ranking based on four financial factors calculated for the calendar year 2010.
Today’s news comes on the heels of Massachusetts Governor Deval Patrick’s visit to Acme Packet on Thursday, May 19, to join in the Company’s announcement of plans to significantly expand its global headquarters and workforce in Bedford, MA. As of May 19, 443 of Acme Packet’s 679-person global workforce are employed in Bedford. The company plans to add more than 180 workers in Massachusetts by the end of the year.
Founded in the Bay State in 2000 and completing its initial public offering in 2006, Acme Packet has a market capitalization of approximately $5 billion. In 2010, the Company reported total revenue of $231.2 million, an increase of 63% compared to $141.5 million in 2009. All of Acme Packet’s research and development, as well as the final test and assembly steps in its manufacturing processes, take place at its Bedford facility. Moreover, all of the company’s products are manufactured in the U.S.
“Acme Packet’s tremendous momentum reflects our ability to capitalize on the trends that are redefining the global communications landscape,” said Acme Packet President, CEO and Founder Andy Ory. “There is a multi-decade market disruption underway which is changing the way the world communicates, and Acme Packet’s session delivery network solutions are playing a critical role in moving voice and video communications from traditional telecommunications networks to IP networks. We’re proud to be recognized by the Globe 100 as one of Massachusetts’ leading technology companies.”
The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending closest to December 31, 2010, and for corresponding quarters a year earlier. To be eligible, a company must be traded publicly for the entire 2010 calendar year on the New York Stock Exchange, the NASDAQ or the American Stock Exchange and report revenue and profit for both 2009 and 2010. Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2010 revenue.
Boston Globe Business Editor Shirley Leung commented, “The Massachusetts economy is recovering and the companies on the Globe 100 are leading the way.”
About The Boston Globe
The Boston Globe and Boston.com are wholly owned by The New York Times Company, a leading media company with 2010 revenues of $2.4 billion, which includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
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 140 reseller partners worldwide. More than 1,350 customers in 105 countries have deployed over 12,000 Acme Packet systems, including 90 of the top 100 service providers and 32 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, 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.