Endace Wins ICT Exporter of the Year Award

November 15, 2007

Endace, a firm that has gone from start-up to US$17 million in annual sales in five years to become a world leader in network monitoring, latency measurement and application acceleration solutions, has won the 2007 ICT Exporter of the Year Award.

The Award was presented to Endace at the New Zealand Export Awards in Auckland on 15 November. ICT was one of seven sector awards, with the top prize, the DHL Supreme Exporter of the Year, won by IBEX Group of Companies.

The Export Awards judges said Endace has grown and developed into a world class performer in its niche markets.

“Endace has a clear view of its future, and this vision has been developed based on its ability to understand and offer value to its customers, utilise the best skills of its people and establish a work environment that demands creativity and application of knowledge.”

NZTE Chief Executive Tim Gibson congratulated the seven 2007 Export Award winners, describing their achievements as inspirational.

“These companies represent a vibrant mix of successful export businesses; companies that have identified a gap in the marketplace and cultivated their point of difference to produce and distribute quality goods effectively in international markets, using a variety of business models.

“We need to see more New Zealand businesses following their lead and operating internationally in order to increase our global business footprint.

“My congratulations to all the finalists in this year’s Awards and my thanks for your willingness to stand up and stand out among your peers in Export Year. You are inspired and inspiring.”

Endace CEO Mike Riley said its solutions provide clients with visibility into their networks, even when under attack, constantly monitoring and capturing all the traffic that flows across the wire. Key clients include some of the largest telecom operators in the United States, Europe and Asia, government security and law enforcement agencies and financial institutions.

Since spinning out from the University of Waikato’s Science Department in 2001, Endace has emerged as a world leader in the network monitoring market. It is a burgeoning market, said Mr Riley, driven by the growing need for service level performance monitoring, financial network analysis, more rigorous regulatory compliance and government security requirements.

“Our rapidly growing engineering team in Hamilton is not only keeping pace with existing customer needs, they produce intellectual property that is opening doors to future opportunities. By building this centre of excellence in network monitoring in politically neutral New Zealand, we have been able to address customers in many countries.”

Until recently Endace provided DAG cards as a key component of a network monitoring solution, but over the past year they have focused on moving up the value chain to delivering the entire solution - a card, hardware and software that the client can plug in and turn on. The NinjaProbe appliance family gives the company access to a worldwide market for network and security monitoring, judged to be worth US$1 billion, ten times the size of the market for the monitoring cards alone.

In 2005, Endace, which has its head office in Auckland and its product development centre in Hamilton, became the first New Zealand company to list on the London Stock Exchange’s Alternative Investment Market.

It recently acquired US-based Applied Watch Technologies, a recognised developer of centralised management tools for open source software and a provider of managed security services. This brings the total number of employees worldwide to 98.

Notes for Editors:

This is one of a series of eight media releases with detail of all seven category winners and the DHL Supreme Award winner.

More information on all of the finalists including images is available at www.exportawards.co.nz

Contact: Libby Wilson, Manager, Group Development, Endace, phone 09 262 7620 email Libby.wilson@endace.com, www.endace.com

Distributed by Jennifer Andrewes, Corporate Communications Manager, New Zealand Trade and Enterprise, phone +64 4 931 6144, mobile +64 27 228 0261, or email jennifer.andrewes@nzte.govt.nz