|By Marketwired .||
|August 20, 2014 07:15 AM EDT||
MAYNARD, MA -- (Marketwired) -- 08/20/14 -- Fueled by its disruptive innovations in coherent signal processing and silicon photonics technologies, first-to-market products that have set the bar on performance and lowest power and ability to quickly scale its operations to meet global demand, Acacia Communications today announced that it has placed fifth in this year's Inc. 500 list.
Notably, Acacia took the top spot both among Massachusetts-headquartered firms as well as those focusing on the telecommunications market.
An exclusive ranking of the nation's fastest-growing private companies, the Inc. 500 represents the most comprehensive look at the most important segment of the economy -- America's independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino's Pizza, LinkedIn, Zillow and many other well-known names gained early exposure as members of the Inc. 500|5000. The annual event honoring all the companies on the list will be held October 15-17 in Phoenix.
Acacia designs, develops, manufactures and sells intelligent transceivers using sophisticated signal processing and silicon photonic integration for the 100G, 400G and 1T bit speed fiber optic transmission networks being deployed in data center, metro, long-haul and ultra-long haul telecommunication networks. Interconnecting data centers and serving as the backbone for mobile networks, the company's products are used in standard edge and core routers, DWDM core and packet edge transport equipment and switches that provide the optical pipes that power the internet.
Acacia earned its impressive ranking by recording more than 200% year-over-year revenue growth in three consecutive years from 2011 to 2013. The company expects to exceed 200% year-over-year revenue growth again this fiscal year, while recording a healthy operating profit.
"A decade-long underinvestment in fiber optic telecommunications has created this unique opportunity for Acacia to develop fundamentally disruptive technologies enabling the company to take a commanding lead in this market," said Acacia Communications President and CEO Raj Shanmugaraj. "Acacia is enjoying this explosive growth while our competitors are seeing moderate to little growth, which could only mean that we are taking share away from them in the high speed telecommunications market."
"With tremendous support from our investors -- Summit Partners, Matrix Partners, Commonwealth Capital Ventures and Egan Managed Capital -- we're helping the industry capitalize on unprecedented and long-lasting business opportunities," Shanmugaraj continued. "By providing our global customer base with products not available from any other company, we're benefitting tremendously as well."
"Bandwidth demands continue to grow exponentially and we identified the opportunity to significantly reduce the cost per bit of fiber optic bandwidth in all segments of the telecommunications market," added Acacia Communications Cofounder Christian Rasmussen. "Our world class team develops fundamentally innovative, patented technology and products that dramatically drive down the costs, size and power of high-speed fiber optics communication equipment -- without the need to replace existing fiber and switching infrastructure."
About Acacia Communications:
Acacia Communications Inc. provides advanced solutions to the optical transport and network infrastructure equipment market for coherent transceivers supporting 100G, 200G, 400G and beyond. Working in close collaboration with customers and suppliers, the company designs, manufactures and sells leading-edge optical transponder technology that enables customers to reduce overall costs while increasing performance and reducing time to market. Acacia is headquartered in Maynard, Massachusetts, USA and has an office in Hazlet, New Jersey. For more information, visit www.acacia-inc.com
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