Fremont, Calif. - July 16, 2004 - BayPackets, Inc., a
provider of enhanced voice and data solutions for wireless,
wireline and broadband operators, today announced leading
venture capital research firm Growthink Research has named
the company one of its "Top Emerging Companies"
in the telecommunications applications/software sector.
The Growthink Research award honors the top private companies
with the greatest potential for future success.
Growthink Research evaluated more than
2,000 companies on criteria that included experience
of management team, uniqueness of company's technology
or business model, the company's track record of raising
capital, and likelihood for future success. BayPackets
was selected as one of the top ten private companies
providing applications software to telecom carriers.
Additional information on the award is available here.
"Over the past several years, BayPackets
has proven to be a technology innovator whose solutions
solve real problems for service providers," said
Corey Lavinsky, president of Growthink Research. "Given
its customer successes, its seasoned management team,
its product innovation and the company's ability to
attract venture capital funding, we expect BayPackets
to continue to win business from incumbent providers
and dominate this space."
"This award highlights the importance
of helping carriers optimize their investment in traditional,
circuit-switched networks, while maintaining a seamless
migration path to packet-based networks," said
Ken Epps, CEO of BayPackets. "BayPackets is honored
Growthink Research has recognized the company as a leader
in the telecom application/software sector, and we will
continue to utilize our technology to help carriers
drive costs down, while delivering new, enhanced voice
and data services."
BayPackets' Agility NSP, which enables
PSTN connectivity through an SS7 interface and next-generation
connectivity through a SIP interface, can be deployed
as a next-generation Service Control Point (SCP) or
as an application server in a carrier's network. The
platform's full-featured service creation environment
also enables carriers to use JAIN and Parlay and develop
and deploy their own advanced services that work on
wireless, VOIP, and TDM networks. Additionally, because
it is an open standards-based platform, the Agility
NSP supports deployments of third-party applications
across carrier networks.
About BayPackets, Inc.
BayPackets' Agility Network Services Platform and applications
enable wireless, wireline and cable operators to rapidly
bundle and deliver enhanced voice and data services
tailored to the needs of their business and consumer
customers. Local, long-distance and broadband carriers
rely on BayPackets' solutions to profitably expand their
business by efficiently operating new and existing network
infrastructure via a single point. Founded in February
2000, BayPackets is a privately held company that has
received funding from industry-leading venture capital
firms. The company is headquartered in Fremont, CA,
with a subsidiary in Noida UP, India. For more information,
visit BayPackets at www.baypackets.com.
About Growthink Research
Growthink Research is an independent venture capital
research firm. Its proprietary database has detailed
information regarding thousands of venture capital funding
transactions. Emerging ventures raising capital, venture
capital firms, large corporations and service providers
rely on their reports to raise venture capital, identify
and secure highly-qualified new clients, and gain competitive
intelligence. For additional information, please call
310-823-8346, or visit the company's website at www.growthinkresearch.com.
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