Revenue Rose 19 Percent, Network Traffic Increased 33 Percent From 2010 Levels
BRUSSELS – Jan. 25, 2012 – Voxbone announced today that despite economic uncertainties in some parts of the world last year, its pattern of steady year-after-year growth in VoIP communications continued as demand from existing customers increased, coupled with new business wins from some of the fastest-rising operators in telecommunications.
The company is calling 2011 a breakthrough year because it enjoyed lift for the first time from customers such as Telefónica and iBasis, while most growth came from direct sales to its customers among providers of next-generation VoIP communications services. Overall, Voxbone said, revenue grew 19 percent, while minutes of use on its global network increased by 33 percent to 2.8 billion.
The company’s trajectory of growth over the past several years reflects the evolution toward Internet-based communications services in business and consumer applications, and away from older and longer-established legacy switched networks. For example, as a result of large corporations adopting cloud communications during 2011, Voxbone saw a significant upswing in business with global B2B network service providers.
“Personally, it’s very satisfying to realize the dream we had for Voxbone in starting the company in 2005,” said CEO Rod Ullens. “The progress we have seen since our start and the magnitude of the customers we continue to attract, especially in recent years, firmly indicate that Voxbone has achieved a reputation for quality in the global telecoms market.”
Ullens pointed to several other indicators of growth for Voxbone in 2011, including:
- Gaining Deloitte “Technology Fast 50 Benelux” recognition as the fastest-growing technology company in Belgium;
- Expanding its global presence by having its United States subsidiary become incorporated, appointing regional business development executives in North America and Southeast Asia, opening an office in Mumbai, and extending services to Vietnam;
- Deploying its own network infrastructure in Germany, Luxemburg and Spain;
- Being selected by the United Nations to implement the UN’s own unique country code for disaster relief: +888;
- Moving to vibrantly colored new headquarters in central Brussels that nearly tripled the amount of occupied office space;
- Growing to 67 employees worldwide and truly embodying a multicultural global company by employing people representing 23 nationalities.
This year, Voxbone plans to launch a series of new product lines, enhance its existing services, and expand its network footprint from its current 51 countries to an additional five to seven countries in Asia and South America. The company is particularly targeting larger wholesale operators.
“We’re seeing indications of accelerated adoption of cloud communications services in a number of areas that lead us to project major demand in wholesale VoIP services,” said Ullens. “As the technological bridge between cloud communications networks and traditional PSTN and mobile networks, Voxbone should have a great 2012.”