Growth of Wireless LAN business unit exceeds the market
LANCOM growth strong again in 2008
Aachen, February 25, 2009 - LANCOM Systems, the network specialists from Aachen, Germany, ended fiscal year 2008 with a clear increase in revenues and earnings. Sales of Euro 21.7 million are the company's highest ever. This represents an increase of over 9 per cent over the previous year.
The manufacturer of professional networking solutions saw growth in their network connectivity unit (Internet access routers, site connectivity, mobile access, switching, and voice/data integration) and in their Wireless LAN unit (indoor & outdoor access points, hotspot solutions, and Controller-based wireless networks). The growth in wireless-LAN sales of 23 percent far exceeded that of the market as a whole, which analysts report to be around 10 percent.
The primary focus was on the new 802.11n-standard high-speed access points and the manufacturer's outdoor wireless LAN solutions. The latter are being employed to provide broadband Internet access in rural regions and for cost-effective networking between buildings. Similarly positive were developments in the sales of WLAN industrial solutions, marketed by LANCOM in cooperation with an OEM partner.
This profitable growth in 2008 continues LANCOM's successful history of growth since its foundation in 2002. Along with revenues, earnings in 2008 were significantly higher as well. LANCOM continues to build on its position as the market's leading German manufacturer of professional networking solutions.
Also on the increase since the company's foundation is the number of employees. Today the company based in Wuerselen, Germany, has a workforce of around 120.
"It has always been our goal to achieve profitable growth from our own resources," explains Ralf Koenzen, founder and Managing Director of LANCOM Systems. "Today that strategy is paying off. We also see that our product range and our strategies are well received by the market, that quality is in demand, and that our pledge to provide Quality Made In Germany has put us on the right path.
LANCOM Systems background
LANCOM Systems GmbH is the leading German manufacturer of reliable, innovative network components for large enterprises and SMEs, public authorities and institutions. The company supplies products and software for IP-based VPN, VoIP and wireless networks, along with support and services. Products are planned and developed specifically for the requirements of business customers. The focus is on comprehensive solutions for site connectivity by virtual private networks (VPN) and on wireless networking (WLAN). LANCOM Systems GmbH is headquartered in Würselen near Aachen and has sales offices in Munich, Barcelona, Bozen-Bolzano and Amsterdam. The company's founder and Managing Director is Ralf Koenzen.
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