MANSFIELD, MA--(Marketwire - February 25, 2008) - IneoQuest Technologies, Inc., the leading
global supplier of end-to-end quality, service and revenue assurance
solutions for video providers of all types and sizes, today announced that
its 2007 year-over-year revenue growth exceeded 220% and is positioned for
strong and consistent growth in 2008. Additionally, as a result of
increased demand for its industry proven solutions, IneoQuest was named to
several "Fastest Growing Companies" lists, while its products won multiple
"Product of the Year" accolades from global industry awards organizations.
To increase support of its end-to-end solutions portfolio, the company
significantly increased its sales, service and support staff, while
expanding its Professional Services Group. IneoQuest's Pro Services Group
helps video providers to gain the technical and execution know-how to
build, deploy and manage their cable or IP Video networks.
Product Innovation: A Key Differentiator in 2007
As the video market became increasingly competitive in 2007, the demand for
seamless quality, service and revenue assurance solutions designed to help
providers control operational expenses (OPEX) exploded, resulting in record
growth -- both in revenue and new customer acquisition for the
privately held company. IneoQuest responded to this demand with the launch
of four (4) groundbreaking products, the expansion of its Professional
Services Group and the addition of more than 50 new employees worldwide
throughout its engineering, sales, marketing, business development and
service groups.
IneoQuest launched IQPinPoint, the industry's only Multi-Dimensional Video
Quality Assurance™ system, in April 2007. IQPinPoint integrates the
company's IP Video Management System (iVMS) with associated probes across
all network sub-systems into a unified, real-time view of video network
performance from head-end to core and throughout the last mile. In May
came the debut of iVMS Desktop, a cost-effective desktop version of its
award-winning iVMS (released in 2006), which supports 10/100 Mb, 1 GigE and
10 GigE probes, including the company's family of Cricket™ probes with
QAM, ASI, Ethernet, 8-VSB, as well as other interfaces. IneoQuest then
announced an enhanced version of IQPinPoint in June, making it the first
video quality solutions company to support Switched Digital Video (SDV), a
technology that allows cable providers to reclaim network bandwidth. And
finally, in October, IneoQuest kept the innovation streak rolling with the
release of IneoQuest Digital Video Explorer (IQDVx), a PC-based software
application that enables unprecedented visibility into the structure of IP
Video by bridging the analysis requirements for both MPEG and IP. IQDVx
won INTERNET TELEPHONY's 2007 Product of the Year.
Enhanced Services, More Staff: 2007 Roundup
In addition to its record growth, IneoQuest reported a significant increase
in staffing over the last 12 months. The company solidified its European
presence by establishing its Oxford, U.K. business office early in 2007.
The U.K. location serves as the headquarters for European sales, marketing
and support, overseeing activity in other regions including France and
Germany. The company also doubled in overall size, adding more than 50 new
employees globally. Key additions to the IneoQuest team in 2007 were
Calvin Harrison, Vice President of Marketing & Business Development, Gino
Dion, Vice President of Strategic Solutions, David Baranski, VP of American
Sales and Gordana Coops, VP of Professional Services. IneoQuest also
recruited new hires for operations support in Latin America.
IneoQuest's Professional Services Group also saw a record increase in
demand last year. The consulting, training and maintenance services segment
of the company was created to assist providers through all phases of
network deployment; from network design and initial implementation phases,
to full deployment and steady state monitoring. These services have been
very popular with providers, and the group will continue to expand with
additional training and support offerings.
Industry Acceptance: IneoQuest's Awards in 2007
IneoQuest won seven prestigious industry awards in 2007. Some were
product or solutions-based, while others commended the company's
staggering 673% growth rate over the last three years. The awards were:
-- Inc. 500: IneoQuest named to top 500 fastest growing private companies
by Inc. Magazine for 2007
-- Deloitte Technology Fast 50 New England/Fast 500 United States:
IneoQuest is ranked at No. 48 on the list of 500 U.S.-based, fastest
growing technology companies for 2007
-- Boston Business Journal PaceSetter Award: Recognized as the sixth
fastest-growing company in the state of Massachusetts
-- Communications Solutions Magazine Product of the Year Award: In
recognition of its IP Video Management System (iVMS)
-- Light Reading's Top 10 Private Companies: Top telecom industry
publication adds IneoQuest to its 10 Companies to Watch in 2007
-- TMC Labs Innovation Award: IneoQuest is one of only 22 companies to
win this award recognizing contributions to test and measurement
-- INTERNET TELEPHONY Product of the Year Award: IneoQuest's IQDVx is
named one of the top new products of 2007
"We're pleased to be recognized by our customers and industry experts as a
leading provider of end-to-end quality and revenue assurance solutions that
promote the reduction of OPEX," said Calvin Harrison, VP of marketing and
business development for IneoQuest. "Staying ahead of the technology curve
is a key element of our strategy, and is something that our valued
customers have come to expect from us. We look forward to helping our
customers experience continued successful in 2008."
About IneoQuest Technologies
IneoQuest Technologies, Inc., providers of the industry's first and only
unified business solution that audits, monitors, analyzes and troubleshoots
digital video from a multidimensional perspective, has been serving
customers in the telephony, cable, broadcast and network equipment
industries since 2001. The company's comprehensive, multi-dimensional
video quality management systems enable Revenue Assurance™ through the
seamless delivery of digital video by reducing video defects and
operational expenses, improving ROI and increasing profits while
simultaneously improving customer satisfaction. Headquartered in Mansfield,
Massachusetts, IneoQuest has sales operations in the US, Asia and European
regions. More information is available at
www.IneoQuest.com.
Contact Information: Press Contact:
Michelle Saturley
BridgeView Marketing
michelle@bridgeviewmarketing.com
(603) 809-2748