7 Fastest Growing Tech Companies Of 2012
Bangalore: The world is crowded with tech companies, and is growing by the day with addition of new entrepreneurial ventures. Some make it big, some slug behind. Among all of them, here’s a look at 7 companies which defined pace for growth in 2012, as compiled by the Fortune magazine.
#7 Acme Packet
2012 Fastest-Growing rank: 37
Previous rank: 25
CEO: Andrew Ory
Patrick J. MeLampy and Andrew D. Ory founded the Bedford, Massachusetts based company in 2000. The company provides session delivery network solutions, which enable the trusted, first-class delivery of next-generation voice, data and unified communications services and applications across IP networks.
From 2009 to 2011, revenues more than doubled to $307 million, while profits also leapfrogged to $44 million, a company record. And as more companies transition away from older legacy technologies with IP-based solutions, Acme Packet expects to capitalize even more in what it in envisions as a $4.5 billion dollar market by 2015.
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