INC. Magazine Reveals America’s 500 Fastest Growing Private Companies
Quintum Technologies Ranked #205 with 3 Year Sales Growth of 542%
Eatontown, NJ November 1st, 2005
Inc. magazine today released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. Quintum Technologies, Inc., a leading innovator in VoIP technologies, ranks number 205 on the list, with three-year sales growth of 542%. The Inc. 500 can be found in the November issue, which appears on newsstands November 1.
The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.
“When you look at the amazing job growth among Inc. 500 companies, and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”
Quintum’s Tenor VoIP MultiPath VoIP access solutions are designed for traditional, IP-PBX and hybrid enterprise environments, as well as for service providers deploying VoIP-based services directly to enterprises requiring customer premise equipment at the edge. Tenor’s unique MultiPath design allows VoIP to be easily supported into existing circuit-based PBX and IP-PBX voice networks, and its unique MultiPath architecture makes it the easiest VoIP solution to deploy in the industry, requiring no changes to the PBX or by the users. These same characteristics have made it a favorite among service providers requiring Customer Premise Equipment (CPE) deployed to the enterprise.
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, such as Microsoft, Stonyfield Farms, Timberland, Oracle, and Domino’s Pizza all appearing on the list before they became industry powerhouses.
“We are proud of our accomplishments over the past few years,” said Chuck Rutledge, Vice President of Marketing for Quintum Technologies, Inc. “Our growth can be attributed to not only the explosion of VoIP technology, but to our dedicated employees, and their innovative approach to addressing every customer’s needs.”
About Network Equipment Technologies, Inc.
Network Equipment Technologies, Inc. (NET) provides network and VoIP solutions to enterprises and government agencies that seek to reduce the cost to
deploy next generation unified and secure communications applications. For a quarter of a century, NET has delivered solutions for multi-service networks
requiring high degrees of versatility, security and performance. Today, the company’s broad family of products enable interoperability and integration with
existing networks for migration to secure IP-based communications.
Broadening NET’s voice solutions, Quintum Technologies, now a part of NET, is a VoIP innovator whose applications bring the reliability and clarity of
public telephone networks to Internet telephony and unified communications. NET is headquartered in Fremont, CA and has 14 offices worldwide including the
US, the UK, France, the Middle East, China, Japan, Australia, and Latin America. The company sells its solutions through a direct sales force and an
international network of resellers and distributors. For more information, visit http://www.quintum.com.
|
