Acme Packet (ticker: APKT, exchange: NASDAQ Global Market (.O))
News Release -
23-May-2011
Acme Packet Ranks Ninth on "Globe 100" List of Top-Performing
Massachusetts' Publicly Traded CompaniesState'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, Mass., May 23, 2011 (BUSINESS WIRE) -- Acme Packet(R) (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 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, including the stated expansion plans and
additional hiring of employees. 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.

SOURCE: Acme Packet
Media and Industry Analysts: CHEN PR Randy Wambold, +1-781-672-3119 acmepacket@chenpr.com or Investor Relations: Acme Packet Brian Norris, +1-781-328-4790 bnorris@acmepacket.com |