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Stoke Ramps up its Mobile Broadband Gateway Business

Stoke, which supplies mobile broadband gateways, anticipates 300% sales growth year-on-year as it continues to expand its global footprint and engage new service provider customers.

As of June 15, sales revenues had surpassed the 2010 total; the company in this area. Headcount is now at 160% and unit shipments have exceeded 400% of 2010. The company has recently added branch offices in France and Spain. Adding to its subsidiary entities in the UK and Japan, Stoke most recently opened a new subsidiary in Seoul, South Korea, where veteran Howard Lee joins as Regional Senior Sales Director and Korea Country Manager. Lee’s career spans senior roles in telecoms and networking companies including Cisco, Samsung, Force10 Networks and Riverstone.

“We believe the company is at the point where we are ready to massively grow the business,” said Stoke President and CEO Vikash Varma. “The changing industry dynamics have created huge interest in our innovative approaches and we are increasingly invited to the table with major industry players. Bookings for the rest of the year are extremely solid and we expect 2011 to be our first full year of profitability.” http://www.stoke.com

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