February 15, 2006
- Marlborough, MA
Pactolus Communications Software Corp., developers of the most comprehensive IP voice service suite and service delivery environment for telecom service providers, today announced record growth and the achievement of several major industry milestones in 2005.
Addressing employees and partners, CEO Paul Blondin shared highlights of the company's historically strong year, including:
- Achieving 2 billion minutes per month of licensed service sessions;
- Annual revenue growth near 90%; 13 new customer installations;
- Expansion of existing installations, several reaching 40,000 sessions;
The industry's broadest deployment of IP voice services with VoIP infrastructure vendors including Huawei, Lucent/Telica, NexTone, Siemens, Sonus, Nortel, Cisco, and Veraz;
Deployments across Latin America, Europe, the Middle East and Far East via channel partners;
Groundbreaking deployment of core IP services in high speed Satellite and WiMAX networks;
Strategic technology initiatives in growth areas such as high availability, and the introduction of the industry's first IP voice application portfolio and service creation environment for IMS; and
Significant displacements of previously deployed competitive solutions.
While recognized for the breadth of its SIPware IP service application suite, Pactolus' underlying multi-service framework has proven a key driver of the company's recent growth. In 2005, the RapidFLEX architecture supported service providers in achieving milestones such as: the delivery of multiple IP voice services without multiple service networks, advances in real-time service logic to resolve core line-of-business challenges, from fraud and loss prevention to real-time currency translations and support for multi-language services. Via the RapidFLEX architecture and Service Creation Environment, in 2005, Pactolus-based service providers helped re-define the industry's ability to support the complexities of multi-national, multi-platform and multi-network service delivery, and set new time to market for both original and highly differentiated turnkey services.
"2005 has seen a number of highly competitive wins for Pactolus, and we've surprised certain sectors of the industry. We're amply equipped for the challenges ahead, and are honored to have as our customers the carriers who are aggressively pushing the envelope on IP's best achievable levels of scale, reliability and feature advancement. They're defining what is shaping up to be our most strategic year yet," Blondin noted.
Founder and CTO Dave Horton acknowledged that while Pactolus is often cited as among the most conservative of the circa 1999-2000 telecom start-ups, the company significantly invested in 2005 in its long-term growth, relocating to new facilities more than doubling its space, adding accomplished executive and staff talent in engineering, sales and customer support, and expanding its marketing programs and investments.
Horton commented: "With Tier 1s increasingly replacing old technologies in highly scaled fashions, Tier 2s adopting IP Voice networks for calls and services, and virtually all operators and service providers are looking to expand their service reach - whether fixed or mobile, wholesale or retail - the key going forward is IMS and underlying service creation flexibility. Thanks to you, we're ready, and I believe that a year from now, we'll celebrate 2006 as another record-setting growth point for Pactolus."
Horton presented employees marking their 5 year anniversaries with Apple IPods, noting: "in this line of work, occasionally we need to just press play."