Advocate Networks Reports 2010 First Half Results

ATLANTA, Sept. 7 /PRNewswire/ -- Advocate Networks, LLC, an Atlanta-based telecommunications consulting and telecom expense management (TEM) provider, today announced results for the first half ending June 30, 2010.  EBITDA grew 117% and revenues were up by 64 percent, compared to 2009.  The firm attributes this growth to its clients' focus on cost-savings initiatives in communications and IT infrastructure, and new investments in data center, call center and IP telephony systems.

Company and performance highlights from the first half of 2010 include:

• Acquisition of over 30 new customers primarily in manufacturing, retail and transportation, including Australia's second largest carrier and Fortune 500 companies such as the world's largest healthcare services company, the nation's largest traditional grocery retailer, a leading lifestyle media company, and a major global online retailer.
• Leveraging strategic alliances and a growing channel partner program with Insight Sourcing Group, Tangoe, and most recently PRGX Global Inc., the world's leading provider of recovery audit services and pioneer of profit discovery, a unique combination of audit, analytics and advisory services that improves client financial performance.
• Diversification of the business through the launch of a new Strategy and Infrastructure practice in May 2010.
• Ranking in Inc. Magazine's List of America's Fastest-Growing Private Companies -  the Inc. 5000 - for the fourth consecutive year (ranked #3629 with 3-year growth of 45%; ranked #141 in Telecommunications in 2010).

"Our first half results, consistent with year-over-year double digit growth in prior halves, have us on a 40% revenue growth path for 2010," said Scott Fogle, co-founder and co-president of Advocate Networks.  "We're experiencing stronger than expected market demand from customers who recognize that investing in their infrastructure now will lead to even better returns as the economy starts to grow again. We're bullish about the future," he added.

About Advocate Networks

Advocate Networks is a management consulting company focused on communications and data center services and infrastructure, and offers a full suite of managed TEM services.  The company provides managerial, strategic, technical, operational and financial expertise in voice, data, video, wireless communications and data center services.  Founded in 2001, privately held Advocate Networks is based in Atlanta, Georgia.  Additional information can be found at www.advocatenetworks.com.

SOURCE Advocate Networks, LLC