DALLAS, Aug. 31, 2011 /PRNewswire/ – Mavenir Systems was named the winner of the Fast Tech Award on Friday, August 26th at the Metroplex Technology Business Council’s Tech Titans Awards Gala. The award presentation – sponsored by TravisWolff LLP, Comerica Bank and the Dallas Business Journal – revealed the list of the 35 companies as well as their ranking.
“We are pleased to announce that Mavenir placed number #1 on this distinguished list, growing at over 475% from 2008 to 2010,” said Pardeep Kohli, Mavenir’s president and CEO.
In its 11th year, the Fast Tech Award honors the fastest growing technology, media, telecommunications, life sciences and clean technology companies in the Dallas-Fort Worth Metroplex, based on revenue growth from 2008 to 2010. The ranking is compiled from nominations submitted directly to the Metroplex Technology Business Council (MTBC) as well as independent research using publicly available information conducted by the MTBC, TravisWolff LLP and Comerica Bank.
“Despite the most challenging global economy in 70 years, Mavenir and the rest of the North Texastechnology community have not only survived, but thrived,” added Kohli. “The key to that success is vision and leadership in enabling advanced wireless technologies like 4G LTE for mobile operators worldwide.”
“At the MTBC, we keep our finger on the pulse of what is happening in the tech industry in North Texas,” said Bill Sproull, president and CEO of the MTBC. “These fast growing companies are what makes our technology industry so vibrant…keep your eyes on them!”
In addition to being honored on-stage at the August 26th Tech Titans Awards Gala, Mavenir was also revealed as a Top Five Finalist for the Fast Tech Award at an invitation-only reception, sponsored by TravisWolff and Comerica Band, that was held Tuesday, August 16, 2011 at the Communities Foundation of Texas. Attendees included CEOs of many nominated technology companies as well as keynote speaker, Charlie Vogt, GENBAND, Tech Titan’s 2010 Corporate CEO of the Year.
As part of the reveal, Mavenir was paired with a fine HALL Napa Valley wine, and awarded a wine bottle etched with company logo as a trophy. Attendees were then invited to participate in a wine tasting of the five wines and learn more about the Finalists companies.