Axeda Recognized as One of Massachusetts' Fastest Growing Companies for Third Consecutive Year

Continued Year-Over-Year Growth Fueled by Market Demand for Industry Leading M2M Cloud Service and Software

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Mar 15, 2012, 12:42 ET

FOXBORO, Mass., March 15, 2012 /PRNewswire/ -- Axeda Corporation announced today that it has been named a 2012 Boston Business Journal Pacesetter. The win marks the third consecutive year that Axeda has been recognized by the Boston Business Journal for its revenue growth and showcases the company's success in helping leading companies manage connected products and implement innovative machine-to-machine (M2M) applications.

"We're honored to recognize dynamic, privately held companies through our Pacesetters program," said Christopher McIntosh, publisher at the Boston Business Journal. "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."

A major player in the exploding M2M market, Axeda delivers award-winning technology that takes the cost and complexity out of connecting to and remotely servicing the products of more than 150 of the world's leading companies. Axeda's application and data integration platform enables companies to utilize key asset data to M2Mize (use machine data to optimize) business processes such as billing, configuration management, and consumable management or build new innovative applications for their customers.

"Our success can be attributed to many factors, not least of which is our commitment to provide world-class solutions that align to the strategic needs of our customers," said Jack Sweeney, CEO of Axeda. "Our unwavering focus to deliver value to our customers through our technology and our people, as well as a decade's worth of M2M innovations, have driven our growth and kept us at the forefront of an opportunity-rich market."

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 four 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 provides the leading cloud-based service and software for managing connected products and implementing innovative M2M application — taking the cost and complexity out of connecting and remotely servicing the products of the world's leading companies. Axeda customers use its M2M cloud service to deliver innovative M2M solutions and optimize their business processes with data from their connected products.

By relying on the Axeda® Platform to power their connected products, companies are transforming their business by improving customer satisfaction, reducing costs, and generating new sources of revenue. The M2M solutions behind these connected products range from remote service, fleet management, usage-based insurance, asset tracking, mHealth, and more. Join our developer community at: http://developer.axeda.com and learn more at www.axeda.com.

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