Kevin Sweet, Town Administrator
195 Main St.
Maynard, MA 01754
For Immediate Release
Wednesday, September 10, 2014
Contact: John Guilfoil
Email: [email protected]
Maynard Company Named One of the 10 Fastest Growing in the Nation
Acacia Communications Revenue Topped $77.7 Million Last Year
MAYNARD — Clock Tower Place — known affectionately around town as “The Mill” — has long been a hub of innovation in Metro West, from its beginnings as the Assabet Woolen Mill; to its 31-year run as the headquarters for Digital Equipment Corporation; to its present-day reinvention as a shared office and manufacturing complex.
And once again, The Mill is home to one of the hottest names in technology.
Acacia Communication is growing rapidly under the leadership of President and CEO Raj Shanmugaraj. The higher speed fiber optic communication equipment manufacturer was just named the No. 5 fastest growing privately-held company in the United States according to Business Insider magazine.
Co-founded in 2009 by Benny Mikkelsen, Christian Rasmussen and Mehrdad Givehchi, Acacia was the top-rated telecommunications company on the list as well as fastest growing company in Massachusetts.
“We owe our growth to fundamental innovation and our ability to draw customers who realized that we had something special to offer over big name competitors and gave us a shot,” Shanmugaraj said. “Clock Tower Place in Maynard took a chance with our company when we were a complete unknown name and has given our company all the room we need to grow without forcing us to break the bank”
The company’s cutting edge technology sets them apart from the rest, giving their customers the services and products for their telecommunication needs. In the past thee years, the company has grown 20,690.5 percent, according to Business Insider, and more growth is expected n the upcoming year.
Led by experts in the field with decades of experience, Acacia’s technology is constantly evolving.
“Maynard has always been a community that fosters innovation, and Acacia is a great example of our industriousness as a town,” Town Administrator Kevin Sweet said. “It’s great to see a company like Acacia using Clock Tower Place, giving The Mill another chapter in its storied history.”
There are more great things happening in Clock Tower Place. With its campus-like setting, food and beverage options, and a shuttle to the Commuter Rail, it has quickly become a hot place to work or set up shop in the Boston suburbs.
“The business and recognition that Acacia Communications has brought to this area is huge and we are excited to see more growth for them as a company and for Clock Tower Place as a whole,” said Joe Mullin, Director of Public Affairs for Clock Tower Place. “I am excited for the future of our Mill!”
For more information about Acacia Communication, visit acacia-inc.com.
And for more information about Clock Tower Place, check out clocktowerplace.com.