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Always ONTM
Names SOMA Networks to its Top AO100 List of Companies for
Demonstrated Market Traction and Ability to Disrupt Existing
Markets |
San
Francisco, Calif., June 24, 2003 – SOMA Networks,
Inc., today announced its inclusion on the first annual AlwaysOn
(AO) Top 100 Private Companies list, which recognizes innovative
private companies that have demonstrated market leadership and
game-changing technologies. This award distinguishes SOMA Networks
for its innovative all-IP, fully converged, end-to-end broadband
wireless solution, which cost-effectively delivers high-speed
Internet access and landline-quality voice services to the residential
and small office market, and recognizes the company’s success
with communications service providers seeking last-mile access.
"SOMA
Networks is focused on leveraging its innovative broadband wireless
technology and industry expertise to expand the reach of communications
service providers across the globe,” said Yatish Pathak,
CEO, SOMA Networks. “We are pleased to be recognized by
AlwaysOn and our peers for developing and delivering industry-leading
technology solutions that positively impact our customers and
the wireless broadband market as a whole. This award highlights
the ability of SOMA Networks to evolve an industry and capture
significant market-share through the use of innovative technology
and the delivery of a profitable business case for our customers.”
After evaluating
more than 700 companies and surveying more than 1,000 venture
investors, investment bankers, top entrepreneurs and executives,
AlwaysOn, a media company dedicated to connecting global leaders
and technology industry insiders, honored SOMA Networks as a top
company in the connectivity sector. Tony Perkins, AlwaysOn editor,
and KPMG 1Start identified the AO100 companies based on their
innovation and demonstrated leadership among their peers in at
least two areas: market traction measured by revenue or customer
growth and game-changing approaches and technologies that are
likely to disrupt existing markets and entrenched players.
In explaining
the selection process, Mr. Perkins notes: "Our survey proves
that private company innovation is alive and thriving. We believe
that many of the companies funded in the last 12 months will end
up being some of the biggest names associated with the Internet.
To raise money and win customers in this market, private companies
must show that their products and services are an order of magnitude
above what currently exists in the marketplace."
SOMA Networks
is expanding the reach of communications service providers with
its profitable last-mile wireless solution. The patent pending
non-line-of-sight system enables customers to reach local markets
rapidly and cost-effectively, to reach multiple service segments
over a single system, and to reach a strong return on their investment.
The SOMA solution features non-line-of-sight access, subscriber
self-installation and self-provisioning capabilities, industry-leading
cell coverage, multi-megabit data throughput rates, landline-quality
voice service, true multi-layer quality of service, and a sophisticated
network management system. To date, SOMA Networks has received
more than $105 million in funding and has been deployed in several
locations in North America and internationally.
About
SOMA Networks
Integrating the latest advances in wireless broadband, distributed
computing, and Internet technologies, SOMA Networks offers the
industry’s leading “last-mile” wireless broadband
system. With SOMA Networks’ end-to-end system, service providers
can quickly and profitably roll out a feature-rich package of
broadband Internet access and carrier-grade voice services to
the residential and small-office market. Key advantages of the
SOMA solution include its large cell size for quick and inexpensive
market entry, multi-megabit data rates, true carrier-grade voice
capabilities, non-line-of-sight access enabling self-installation
of the SOMAport™ subscriber device, and simple subscriber
self-activation of services via the Internet or telephone. Founded
in 1998, SOMA Networks has development centers located in San
Francisco, California; Richardson, Texas; and Toronto and Ottawa,
Ontario. For more information about SOMA Networks, visit http://www.somanetworks.com.
About
AlwaysOn
AlwaysOn (AO) is a media company dedicated to connecting global
leaders and technology industry insiders whose ideas and innovations
are shaping the always-on world. AO's founding premise is that
consumers and businesses are demanding greater access to the Web
for more convenience and productivity, and these demands are beginning
to drive the next boom in high technology. www.alwayson-network.com
Media Relations Contact:
Adrienne Low
SOMA Networks
415.882.6524
alow@somanetworks.com
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