Axeda Named One of Massachusetts' Fastest-Growing Companies for Second Consecutive Year

FOXBORO, Mass., May 2, 2011 /PRNewswire/ -- Axeda Corporation announced today that it was named as a 2011 Boston Business Journal Pacesetter. This annual list recognizes the fastest-growing private companies in Massachusetts.  Axeda was given this prestigious distinction for its impressive 3-year revenue growth from 2007-2010.

"We're always honored to recognize dynamic, privately held companies through our Pacesetters program," Business Journal Publisher Christopher McIntosh said. "But it's a special privilege at a time when these businesses are widely recognized as the engines driving our economic recovery. The success of these companies testifies not just to the vision of their owners and employees but also to the health of our region."

Founded in 2000, Axeda is the leading cloud M2M (machine-to-machine) application platform company enabling the world of connected products. Over a decade of M2M innovations has made Axeda's award-winning technology the choice for more than 150 major organizations such as Abbott Diagnostics, Agilent Technologies, Diebold, and EMC.  

"Axeda's growth through the downturn was fueled by innovation and the bottom line results our technology drives for our customers," said Axeda CEO, Jack Sweeney. "Inclusion in the 2011 Pacesetters list is great validation of the valuable solutions we deliver to the M2M market and well-deserved recognition of the efforts of our very dedicated team."

About the Boston Business Journal

The Boston Business Journal is Greater Boston's leading source of business news, information and events, reaching readers through the weekly print publication, the website www.bostonbusinessjournal.com and three e-mail products. The BBJ also prints the annual Book of Lists — the region's top resource for business decision-makers seeking information about potential clients, suppliers and partners.

The Boston Business Journal is published by American City Business Journals, the nation's largest publisher of metropolitan business news.

About Axeda

Axeda Corporation is the leading M2M application platform company enabling the world of connected products. We provide our customers with a cloud platform to rapidly and cost-effectively build and deploy any M2M application, connected to any product, over any network. Axeda technology powers M2M solutions for remote service, fleet management, smart grid, usage-based insurance, asset tracking, mHealth, and more.

More than 150 of the world's leading enterprises, including Agilent, Diebold, and EMC, rely on Axeda to transform their businesses with connected products that improve customer satisfaction, reduce costs, and generate new sources of revenue. Join our developer community at: http://developer.axeda.com  and learn more at www.axeda.com.

SOURCE Axeda Corporation

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