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Neutral Tandem Lands on Forbes’ America’s Best Small Companies List
Neutral Tandem Lands on Forbes’ America’s Best Small Companies List
December 5, 2011 Communications news in Chicago,Illinois, United States of America
The company achieves ranking of #38 with 48% sales growth over the last five years
FOR IMMEDIATE RELEASE
Chicago,
Illinois,
United States of America
(Free-Press-Release.com) December 5, 2011 --
CHICAGO, IL, December 5, 2011 — Neutral Tandem, Inc., (Nasdaq:TNDM), a leading provider of global interconnection services, announces today that Forbes Magazine, has named Neutral Tandem #38 on Forbes’ exclusive list of America’s Best Small Companies. The rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over the past five years. Stock performance versus a group of peers was also factored into the ranking.
Neutral Tandem earned these rankings by posting 48 percent sales growth over the last five years on average, and sales of $242 million over the last 12 months as of September 2011. Neutral Tandem continues to be poised for success in the future by streamlining the interconnection of voice, IP Transit and Ethernet services to over 700 carriers and service providers worldwide.
“This past year we have focused on expanding our product portfolio to meet the growing demands of our global customer base,” comments Ed Evans, CEO of Neutral Tandem. “The launch of EtherCloudSM , our global end-to-end Ethernet delivery platform, and our recent announcement on Hosted Collaboration Service, are examples of how we’re developing complimentary services to enhance our product line and expand our addressable opportunities.”
According to Forbes, the list of the 100 Best Small Companies in America features, “Outfits with remarkable sales and earnings growth across industries. Candidates must have been publicly traded for at least a year, generate annual revenue between $5 million and $1 billion and boast a stock price no lower than $5 a share. (For apples-to-apples comparisons we excluded financial institutions, REITs, utilities and limited partnerships.)” Shares of last year’s members rose 10% on average, beating the Russell 2000 small-company index by ten percentage points.
Read the full list of Forbes’ Best Small Companies here: http://www.forbes.com/best-small-companies/
To learn more about Neutral Tandem’s products and services designed to help competitive carriers interconnect their networks, contact info@NeutralTandem.com or visit www.neutraltandem.com.
About Neutral Tandem, Inc.
Headquartered in Chicago, Neutral Tandem, Inc. provides voice, data and video interconnection services worldwide. In October 2010, Neutral Tandem acquired Tinet, a global carrier focused on the IP Transit and Ethernet wholesale market. The acquisition combines Neutral Tandem's interconnection services for wireless, wireline, cable and broadband companies with Tinet's global IP backbone. Collectively, Neutral Tandem provides voice, IP Transit and Ethernet solutions to carriers, service providers, and content management firms worldwide. With over 100 Ethernet sites, the company is now the largest global Ethernet interconnection provider, a top 10 global IPv4 backbone provider and has a leading IPv6 network. Please visit Neutral Tandem's website at www.neutraltandem.com and follow us on Twitter@NeutralTandem.
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