OpenCloud Ranked by Deloitte as one of the UK's Fastest Growing Technology Companies; Attributes its 1046 Per cent Revenue Growth to its Innovative Approach to Solving Critical Challenges Faced by the Telecoms Industry
(M2 PressWIRE Via Acquire Media NewsEdge) Cambridge, UK -- Telecoms software innovator OpenCloud, today announced that it has been ranked 19th in the UK Deloitte Technology Fast 50 2012, which is a ranking of the 50 fastest growing technology firms in the UK. Rankings are based on percentage revenue growth over five years. OpenCloud grew 1046 per cent during this period.
OpenCloud has experienced consistently strong growth from the start of its commercial activities in 2005. The company recorded its best ever financial quarter at the end of 2011 and this success has continued throughout 2012. A number of tier one mobile operators, including members of the T-Mobile and Vodafone groups, and market challengers such as Free-Mobile in France have adopted Rhino - OpenCloud's flexible, open-standards-based service layer platform. Rhino helps operators to deliver mobile services cost effectively and to differentiate their service portfolios to be more competitive in a crowded market. OpenCloud's open technology also harnesses a broad community of independent developers. This independent ecosystem can assist operators in ramping up the speed of their service innovation and network transformation.
"The company's impressive growth can be attributed to the fresh and innovative approach that we have adopted to solve the critical challenges faced by our customers, the telecoms service providers. Constrictive market conditions are ensuring that mobile operators are looking to reduce costs, differentiate themselves, and compete against the emergent over-the-top service providers. By breaking the tradition whereby equipment vendors control innovation, OpenCloud's products speak directly to that requirement", said Jeff Gordon, CEO of OpenCloud. "OpenCloud's portfolio of products are open and enable service innovation by anyone in the eco-system. This enables operators to adapt to change faster and more cost effectively. We are committed to removing the barriers to innovation in order to allow operators to succeed."
Its remarkable growth over last five years is also reflected by Deloitte ranking OpenCloud as the third fastest growing telecommunications company in the UK, and the number one fastest growing technology company in Cambridge and East England.
About OpenCloud (www.opencloud.com)
OpenCloud delivers open, standards-based network transformation solutions to the telecommunications industry. OpenCloud Next Generation Service Layer products enable the agile delivery of classic and telco2.0 telecommunication services at a dramatically lower price-point across next generation IP and legacy networks. OpenCloud provides Rhino, a JAIN SLEE-based Telecom Application Server, together with a portfolio of hundreds of telecom applications, a Telecom Service Broker, and a real-time charging session control point for data, voice and messaging services. OpenCloud Service Layer products use commercial-off-the-shelf (COTS) hardware and software to deliver service layer agility to networks at a radically lower price-point than traditional solutions from network equipment providers.
OpenCloud is headquartered in Cambridge, UK with R&D, Engineering and Support in New Zealand and Spain and branch offices in the Singapore and Jakarta.
Visit http://developer.opencloud.com to join OpenCloud's growing developer community.
About the UK Deloitte Technology Fast 50
The UK Fast 50 is one of the UK's foremost technology awards programmes. Now in its fifteenth successful year, it is an acknowledgement of the 50 fastest-growing technology companies in the UK. The ranking is based on revenue growth over the last five years.
Launched in 1998, the UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship.
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