Movik Recognized as "Next Big Thing," Named to The Wall Street Journal's Top 50 Startups

Westford, MA -- 10/02/12
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Company Chosen From Nearly 6000 Companies for Coveted Top 50 Ranking by The Wall Street Journal

WESTFORD, MA -- Oct 2, 2012 -- Movik Networks, the Intelligent RAN company, today announced it has been ranked 27th in The Wall Street Journal's third annual ranking of the top 50 venture-capital-backed companies. Chosen from a pool of nearly 6000 candidate companies, Movik is recognized as having the potential to make a technological breakthrough, topping The Wall Street Journal's "Next Big Thing" list.

Compiled for The Wall Street Journal by Dow Jones research firm VentureSource, companies must be based in the U.S., have received an equity round of financing in the past three years and be valued at less than $1 billion. Key criteria for ranked companies on the list include fundraising success, recent growth in the company's value and the track record of its founders and board members. The editorial staff of Dow Jones VentureWire also reviewed and ranked the start-ups based on their knowledge of the companies' products, competition and financial performance.

During this year's ranking and ratings process, The Wall Street Journal reported that venture capitalists are still investing in flashy Internet start-ups, but the "Next Big Thing" is more likely to be a maker of Internet plumbing for businesses. In fact, this year's list of companies shows a crop of contenders that are overall focused less on online consumers than in years past and more on business technology.

"Movik is honored to be named as the 'Next Big Thing' and we value The Wall Street Journal's recognition of the shift in focus towards technology that may be less flashy but is delivering real ROI in the marketplace," said John St. Amand, CEO, Movik. "The business breakthrough here is about empowering the world's mobile operators with the real-time intelligence they need to deliver the Quality of Experience consumers expect and deserve -- despite the ever-escalating volume of multi-media, apps, services and devices that threaten to slow or interrupt those experiences."

Movik was also recently recognized on FierceWireless' annual list of the top 15 emerging companies in the wireless industry, designating it as one of the top privately-held wireless companies of the year. FierceWireless editors evaluated hundreds of organizations, and found Movik to be one of the "fiercest," proven by their creativity and innovations in the marketplace.

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