Ranks 22 on list of top private companies whose innovations are revolutionizing the business landscape
Frisco, TX, May 12, 2015 – GENBAND™, a leading provider of real time communications software solutions today announced that it has been named to the 2015 CNBC Disruptor 50, an exclusive list of the most ambitious, innovative private companies that are bringing rapid change to the economy and the overall business landscape. GENBAND ranked number 22 on the 2015 CNBC Disruptor 50. Nominees undergo a comprehensive process of research and scoring, using CNBC’s proprietary blend of quantitative criteria, such as the amount of venture capital raised and estimated sales and user growth, along with qualitative criteria, including originality and scalability.
“GENBAND has been recognized for some prestigious awards over the past few years, but this honor has to rank among the top – being recognized as a CNBC Disruptor 50 reinforces the impact of our team’s innovation on the marketplace,” said David Walsh, Chairman and CEO of GENBAND. “At GENBAND we’re all about continually pushing boundaries by introducing disruptive real time communications solutions such as our Kandy platform. We are committed to improving the user experience by embedding real time communications capabilities into as many of our everyday applications and endpoints as possible.”
With Kandy, a one-of-a-kind communications platform-as-a-service, and a simple click of a mouse, anyone can embed real time contextual communications such as video, voice and chat into every day applications and endpoints – creating more engaging experiences for customers and boosting productivity and collaboration capabilities. Recent market developments such as the Cisco acquisition of Tropo and Twilio’s value being placed at over $1 billion highlight the potentially disruptive nature of the communications platform-as-a-service industry. Market research firm IDC estimates that the cloud communications platform sector will grow at a 127 percent CAGR and will be an $8 billion market by 2018.
In 2012 GENBAND was voted the Top Venture Backed company by the Wall Street Journal out of more than 5,900 candidates. The company was voted a Top 100 Global Company by Red Herring in 2014 and has won several industry and executive leadership awards.
This is the third year for the CNBC Disruptor 50. Previous companies making the list include recognized brands such as Uber, Airbnb and Dropbox.
GENBAND is a global leader in real time communications software solutions for service providers, enterprises, independent software vendors, systems integrators and developers in over 80 countries. The company’s Network Modernization, Unified Communications, Mobility and Embedded Communications solutions enable its customers to quickly capitalize on growing market segments and introduce differentiating products, applications and services. GENBAND’s market-leading solutions, which are deployable in the network, on premise or through the cloud, help its customers connect people to each other and address the growing demands of today’s consumers and businesses for real time communications wherever they happen to be. To learn more visit www.genband.com.
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