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Massachusetts Network Communications Council Recognizes Crossbeam Systems for Industry Leadership in Broadband Infrastructure and Security

Posted on: Wednesday, 22 April 2009, 08:29 CDT

Company Takes Home Honors for 'Company of the Year' and 'CEO of the Year' at Annual Awards Ceremony

BOXBOROUGH, Mass., April 22 /PRNewswire/ -- Crossbeam Systems, Inc., the leading provider of next-generation security platforms for high-performance networks, today announced that it has received two awards from the Massachusetts Network Communications Council (MassNetComms) 2009 annual awards program. Crossbeam was named "Company of the Year" in the Broadband Infrastructure and Security category and its CEO Pete Fiore was named "CEO of the Year" in the Private Company category.

"Crossbeam grew its market share substantially in 2008," said Mark Horan, executive director of MassNetComms. "The company's strong performance, particularly in today's economy, is a testament to the strength of its security platform and management team under the leadership of Pete Fiore. Crossbeam is among the best network communications companies in the region and well deserving of this year's awards."

The awards were announced at the MassNetComms Annual Awards Ceremony, held at the Hyatt Regency in Cambridge on Tuesday, April 14, and was attended by more than 400 industry leaders.

"This is great honor for Crossbeam and reflects the teamwork and dedication of our talented employees across the globe," said Fiore. "Through their efforts, Crossbeam had a milestone year in 2008, where we delivered industry-leading new products, achieved record sales and profitability, and expanded our global presence. With our recently announced blades and upgraded operating system for our X-Series offering, Crossbeam is well positioned to take advantage of the growing market for network security products and services--helping customers reap the enormous cost savings, reduced power consumption, and simplified management benefits of a consolidated and virtualized security architecture."

Crossbeam's X-Series security platform virtualizes the delivery of best-of-breed security applications in large enterprise and carrier environments. It is the highest-performing security platform, tested to "real world" rates of 40 Gbps with ultra-low latency, providing unprecedented scalability and flexibility to meet the needs of customers.

About the Massachusetts Network Communications Council

Based in Waltham, Mass., the Massachusetts Network Communications Council is the region's number one industry association for fast-growing wireless, video and network infrastructure companies. Whether it's connecting with friends and peers, searching for information, doing business, watching video, playing games or participating in civic and political events, these companies are changing the way people communicate.

MassNetComms works through its members and events, as well as policy and workforce initiatives to promote the Commonwealth as an international center for network communications development and to increase the global presence of local entities. Founded in 1993, MassNetComms provides a regular schedule of informative speakers, panel discussions and debates on current issues in technology and business, industry training and networking opportunities. More information is available at www.massnetcomms.org.

The MassNetComms Annual Awards Ceremony enjoyed the support of the following sponsors: AT&T, Charles River Ventures; Ernst & Young; Nokia and Silicon Valley Bank.

About Crossbeam

Crossbeam Systems, Inc. transforms the way enterprises, service providers and government agencies architect and deliver security services. The basis of Crossbeam's solution is its Next Generation Security Platform, a highly scalable software and hardware platform that facilitates the consolidation, virtualization and simplification of security services delivery, while preserving the customers' choice of best-of-breed security applications. Crossbeam offers the only security platform that delivers unparalleled network performance, scalability, adaptability and resiliency. Customers choose Crossbeam to intelligently manage risk, accelerate and maintain compliance, and protect their businesses from evolving threats. Crossbeam is headquartered in Boxborough, Mass., and has offices in Europe, Asia Pacific and Latin America. More information is available at www.crossbeam.com.

Crossbeam Systems and Crossbeam are registered trademarks of Crossbeam Systems, Inc. All other company, product or service names not owned by Crossbeam mentioned in this press release are the property of their respective owners.

Contact: Sharon Dratch Davies Murphy Group (781) 418-2425 crossbeam@daviesmurphy.com

SOURCE Crossbeam Systems, Inc.

Source: PR Newswire

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