NEI Named To Globe 100 List
Ranked 14th in Boston Globe's 2012 Listing of the Best-Performing Public Companies in Massachusetts
CANTON, Mass., May 21, 2012 /PRNewswire/ -- NEI (NASDAQ: NEI), a leading provider of application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs worldwide, today announced that The Boston Globe has named the company to its Globe 100 list of top-performing public companies in the state. NEI was ranked 14th among Massachusetts-based companies, based on a composite score derived from financial data for the four quarters ending December 31, 2011.
NEI is the largest pure-play provider of enterprise-ready appliances, offering hardware and OS and system management integration capabilities, combined with international services and logistics, to help software developers more efficiently and effectively bring solutions to market. NEI's customers and partners include some of the world's largest companies in the security, data storage, and telecommunications industries.
"We are proud to be in the upper 15% of the Globe's top 100 performing public companies and among the strongest business organizations across all of Massachusetts," said Greg Shortell, president and CEO of NEI. "Our reputation for manufacturing excellence, product quality and customer service has enabled us to continue to expand and diversify our customer base and grow revenues."
"The positive momentum we are seeing in the economic recovery is illustrated by the Globe 100 returning to full strength," said Boston Globe Business Editor Shirley Leung. "It's a powerful testament to the resiliency of Massachusetts' businesses."
About the Globe 100 ranking methodology
The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending December 31, 2011. To be eligible, the company must be traded publicly for the entire 2011 calendar year on the New York Stock Exchange, the Nasdaq or the American Stock Exchange and report revenue and profit for both 2010 and 2011. Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2011 revenue.
About The Boston Globe
The Boston Globe is wholly owned by the New York Times Company (NYSE: NYT), a leading, global multimedia news and information company with 2011 revenues of $2.3 billion, that includes The New York Times, the International Herald Tribune, The Boston Globe, NYTimes.com, BostonGlobe.com, Boston.com, About.com and related properties. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
NEI is a leading provider of server-based application platforms and lifecycle support services for software developers and OEMs worldwide. Through its expertise and comprehensive suite of solution design, system integration, application management, global logistics, support, and maintenance services, NEI is redefining application deployment solutions to provide customers with a sustainable competitive advantage. More than a decade of appliance innovation with the ability to provide physical, virtual and cloud-ready solutions makes NEI one of the most trusted software deployment partners in the industry. Founded in 1997, NEI is headquartered in Canton, Massachusetts, with facilities in Plano, Texas and Galway, Ireland, and trades on the NASDAQ exchange under the symbol NEI. For more information, visit www.nei.com.
NEI and the NEI logo are trademarks of Network Engines, Inc. All other names, brands and trademarks are the property of their respective holders.
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