CounterPath's NASDAQ Listing Reflects its Maturation

By Juliana Kenny July 11, 2012

The air in the NASDAQ MarketSite building in Times Square was expectedly buzzing with nervous energy this morning as CounterPath’s team of executives prepared itself for the announcement that the company is now a listed member of NASDAQ’s exchange.

A global player in the mobile VoIP space, CounterPath hails from Vancouver, Canada, and its arrival in New York City for the ringing of the bell at NASDAQ’s midtown headquarters marks not just its growing financial position in the market, but its 10th anniversary in telecommunications.

“From a corporate health perspective, going to NASDAQ and releasing our financials soon all hopefully means we’re going to be on par with our current trajectory, and put in a good position to continue growing out and maturing to be a player within this type of community,” said Rob Brown, vice president of Marketing and Communications for CounterPath. “It’s opening the door to take part in and work with our different partners and investors and to continue to grow our business.”

Brown shared insight on what it means to be a part of the NASDAQ family now, and where the company intends on taking its solutions in the near future.

“We’ve spent the last seven to eight years really developing and investing in our products and figuring out how to integrate the products and our customer acquisition,” he noted, remarking that the technology community that the NASDAQ has to offer gives CounterPath leverage in its industry.

Donovan Jones, CEO and president of CounterPath was summoned to the stage by David Wicks, VP at NASDAQ OMX, before his team, members of the press, and, oddly enough, visiting members of the Yemeni parliament. His jovial banter prior to his speech revealed no air of anxiety on this momentous occasion, but his speech itself did the moment justice. He said, “The proliferation of smartphones and tablets is presenting extraordinary opportunities for end-users and vendors. We are in the middle of this ecosystem.”

Brown conveyed that the company is at that pivotal point where it has signed with major carriers, and is working with a complete product line, so from a financial perspective, making the move to NASDAQ puts CounterPath in that high-level technology peer group.

“CounterPath is changing the face of telecommunications,” said Wicks. With its softphones and unified communications solutions, CounterPath “has earned a prominent position in the industry.” No doubt the best is yet to come.




Edited by Brooke Neuman

TechZone360 Managing Editor

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