Accedian Rides Global LTE Expansion Wave, Achieves 38% Revenue Growth for 2014

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Global expansion of LTE networks and a focus on standards-based end-to-end performance monitoring solutions for multi-vendor environments accelerates continued growth

"...We are very excited about our prospects for an even stronger growth in 2015..." Patrick Ostiguy, President & CEO, Accedian Networks

Accedian Networks, the performance assurance solution specialist for mobile networks and enterprise-to-data center connectivity, today announced 2014 year-end results, achieving 38 percent annual revenue growth. Accedian’s growth reflects the company’s focus on enabling operators achieve network performance assurance and visibility to deliver differentiated quality of experience (QoE) to their customers.

Two main market trends are driving Accedian's market momentum:
Global Long Term Evolution (LTE) mobile network expansion.
North American small cells deployments and increased demand for enterprise-to-data center connectivity.

Both trends tie into a larger marketplace focus on network performance, as network operators and service providers continue investing in network enhancements and delivering value-added services to customers, they increasingly are finding it necessary to operate in a multi-vendor equipment environment making sustainable, end-to-end performance more challenging.

A focus on open and standards-based network performance monitoring solutions like those Accedian provides allows operators to create a unified instrumentation layer from existing network assets instead of relying on proprietary equipment from a single vendor. This results in a more competitive infrastructure vendor environment to the benefit of network operators.

Key 2014 Revenue Growth Facts

  • During 2014, Accedian Networks achieved 38% revenue growth, spread across 62 countries worldwide including significant deployments in South Korea, Japan, Brazil, multinational European operators and the United States.
  • Accedian Networks won 88 new customers during 2014 spanning mobile, wireline and financial services network operators including KVH, TMX Atrium, and T-Mobile (Poland).
  • Key wins included multiple global Tier 1 mobile operators.
  • Founded in 2005, Accedian Networks celebrated its 10th anniversary as a company this month.
  • Accedian plans to increase its staff by 15% over the first and second quarters.

Executive Quote

"We are riding the wave of global LTE expansion as mobile networks become more open in a competitive, multi-vendor environment. Having recently celebrated our 10th anniversary, we are very excited about our prospects for an even stronger growth in 2015 as we continue providing standards-based network performance monitoring solutions for network operators and service providers.”
Patrick Ostiguy, Founder, President & CEO, Accedian Networks

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About Accedian Networks

Accedian Networks® is the Performance Assurance Solution Specialist for mobile networks and enterprise-to-data center connectivity. Open, multi-vendor interoperable and programmable solutions go beyond standard-based performance assurance to deliver Network State+™, the most complete view of network health. Automated service activation testing and real-time performance monitoring feature unrivalled precision and granularity, while H-QoS traffic conditioning optimizes service performance. Since 2005, Accedian has delivered platforms assuring hundreds of thousands of cell sites globally. Twitter: @Accedian

Media Contact:
Merritt Group, Inc. for Accedian Networks

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Accedian Networks
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