BayPackets Named Top Ten Emerging Company by Growthink

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.

# # #

Back to top

 

News & Events
Press Releases