Net Optics Surpasses Quarter Billion Revenue Milestone
Self-Funded Silicon Valley-Based Company Increases Employees by More Than Forty Percent This YearSANTA CLARA, CA--(Marketwire - April 7, 2011) - Net Optics, Inc., the leader of real-time network visibility solutions, today announced that the company has surpassed a quarter billion dollars in revenue. Celebrating 15 years of success this month, the 107-person company is rapidly expanding -- increasing its workforce by more than 40 percent. The company is adding up to 30 engineers over the next six months, in addition to sales, operations and marketing employees. Since Net Optics products are manufactured in the company's own Santa Clara facility, 80 percent of the new hires will be local, contributing to Silicon Valley's economic growth.
Going against conventional wisdom, Net Optics has thrived without venture capital funding. Chairman of the Board Eldad Matityahu founded the company in 1996 with a "customer first" philosophy. By innovating products that incorporate end user feedback and address critical network management needs, Net Optics has acquired more than 7,000 enterprise deployments worldwide. This includes 85 percent of Fortune 100 companies and 50 percent of Fortune 500 companies such as Coca Cola, AT&T, Goldman Sachs and Verizon Communications.
Additional milestones include:
* 60 quarters of consecutive growth
* 300+ new direct customers annually
* 25 percent compound growth over the last 7 years
"Reaching the quarter billion revenue mark is a significant accomplishment for us as a private, self-funded company," said Eldad Matityahu, founder and chairman of the board for Net Optics. "We attribute our 15 years of success to our loyal employees and their commitment to unmatched customer service. As we look to reach the half billion revenue milestone over the next few years, we are rapidly expanding our team with local engineers, product marketing managers and sales representatives."
Net Optics was recently included in Silicon Valley/San Jose Business Journal's Fastest Growing Companies list and Inc.'s 5000 fastest growing private companies list. The company's customer-oriented solutions have gained industry recognition from MacAfee, Info Security, TMC Net, Interop and others.