Contact Information: Contact: Rich Williams Connect2 Communications for MetaSwitch +1 919 554 3532 rmwilliams@connect2comm.com Clive Partridge Data Connection Phone: +44 20 8366 1177 cp@dataconnection.com
Data Connection and MetaSwitch Profits Leap 54%
Telecom Software and Hardware Vendor Reports Most Successful Year Ever With $21.1M Profit on $101.8M Revenue
| Source: Data Connection; MetaSwitch
LONDON--(Marketwire - February 4, 2008) - For Data Connection (DCL), 2007 marked several major
milestones, including the completion of its 26th year in business, passing
the $100 million revenue mark, and its greatest-ever increase in profits.
Reporting final annual results for fiscal year 06/07, the company today
announced revenue of $101.8 million, with net earnings of $21.1 million, a
54% increase on the previous year.
A significant factor in this strong growth was the company's switching and
applications solutions business, including its MetaSwitch Class 4/5 softswitch and MetaSphere service delivery platform (SDP) and
application suite. Together, these two market-leading solutions represented
three quarters of DCL's total revenues. Average deployment size grew with
new installations by tier one and national carriers including Cable &
Wireless, Embarq, Windstream and CenturyTel, and major regional carriers
such as Bresnan Communications and One Communications. Internationally, the
company experienced growing traction for its MetaSwitch and MetaSphere
products in the Caribbean / Latin America region, as well as its first
deployments in the Asia-Pacific region.
Data Connection's Network Protocols Division also grew strongly during the
year, entering into significant new licensing relationships with equipment
manufacturers in North America, Europe, Israel and the Far East. Product
developments in this area included major investments in Session Border
Controller, SIP, Diameter, MPLS and IP Routing technologies, and the
company demonstrated compliance with IP Multimedia Subsystem (IMS) industry
standards at multiple interoperability events hosted by the IMS Forum. The
company also continued to successfully market enterprise connectivity
solutions to major corporations worldwide.
"We are pleased with the strong growth seen across all our business areas,
but are even more excited at the opportunities we see ahead," said Ian
Ferguson, Chairman and Founder of Data Connection and MetaSwitch. "The
recent investment in Data Connection by Francisco Partners and Sequoia
Capital was another significant milestone for us, and provides a
springboard for the next phase of our growth. With the combination of
strong market demand for our solutions, continued intensive investment in
our technology, and a solid organizational and financial base on which to
build, we are set for an even better 2008."
About Data Connection
Data Connection Limited (DCL) is the leading independent developer and
supplier of IMS, SBC, SIP, Megaco/H.248, Diameter, MGCP, Unicast and
Multicast IP Routing, Packet and Optical MPLS, ATM, and SNA portable
products, as well as complete telecom solutions via its MetaSwitch
division. Data Connection customers include the world's largest software
and hardware vendors, including Alcatel-Lucent, Cisco, IBM, and Microsoft.
With over 400 employees, Data Connection is headquartered in London, UK
with US offices in Alameda, CA, Boxborough, MA, Dallas, TX and Reston, VA.
For more information, please see www.dataconnection.com.
About MetaSwitch
MetaSwitch, a division of Data Connection, is an industry-leading vendor of
switching and applications solutions for both packet and circuit-switched
networks. Its MetaSphere service delivery platform and applications suite
enables a broad set of hosted IP communications services, while its core
session control and media/signaling gateway products support a full range
of Class 4/5 softswitch capabilities. Customers include many of the world's
leading operators of wireline, wireless and cable networks, with
deployments that scale to millions of subscribers. For more information,
please visit www.metaswitch.com.
Data Connection and MetaSwitch are trademarks of Data Connection Limited
and Data Connection Corporation. Brands and products referenced herein are
the trademarks or registered trademarks of their respective holders.
Copyright © 2008 Data Connection Limited