M5 Networks Announces Momentum Building Milestones Achieved in 2011
Revenue growth, product innovations and executive team expansion position company for continued traction in 2012.
New York, NY (January 17, 2012) — M5 Networks, a market leader in cloud communications for business, announced today it achieved several key milestones in 2011 and is well positioned for continued growth in 2012. Achievements included; a 57% growth in bookings over 2010 and the acquisition of 543 new client companies. Milestone product releases and executive team expansion contributed to the company’s success.
“2011 was an exceptional year for M5,” said Dan Hoffman, Chief Executive Officer. “The increasing demand for cloud-based phone systems and unified communications features that are easy to use and fully managed has fueled our rapid growth.” Hoffman continues, “M5 is poised for an explosive 2012 because our laser focus on the customer experience.” The company’s enterprise-ready solutions address the growing need organizations have for managed communications technologies that enable modern business practices, like remote work, mobile device productivity and virtual contact centers.
Key 2011 milestones:
- They added 543 new clients, including; Nets Basketball, Federated Media, Human Rights First, Mashable and Nascar.
- Major product releases for 2011 included the M5 Callfinity Contact Center, an enterprise-class solution that is bundled with the M5 phone system. The company also added to its M5 Connect application integration offerings with solutions for Salesforce.com, NetSuite and SageCRM.
- Third party validation included positioning by Gartner, Inc. in the “Visionaries” quadrant of the Magic Quadrant for Unified Communications as a Service as well as a vendor profile by independent research firm SiriusDeicions.
- Keith Nealon joined the company in the new position of Chief Revenue Officer. He oversees M5’s direct and channel sales as well as the company’s marketing and customer success organizations. Joining Keith, Robert Maute became the company as the Vice President of Channels and Alliances with a focus on creating a world-class experience for channel and technology partners.
About M5 Networks
M5 Networks, the market leader in business phone systems, is redefining what a business phone system can do by offering a wide range of solutions for all types of businesses and needs. From managing a sales force to a call center, M5 Networks’ client-focused, cloud-based solutions allow businesses to work the way they want to, while connecting them to their customers and integrating their business-critical applications. Headquartered in New York City, industry-award winning M5 Networks pioneered hosted VoIP in 2000 and today provides more than 2,000 companies with enterprise-class phone systems. For more information, please visit www.shoretelsky.com.