tw telecom (NASDAQ: TWTC) announced that leading law firm Smith, Gambrell & Russell, LLP, (SGR) has selected it to provide advanced voice, data and Internet services to the firm’s offices in Atlanta, New York, Washington D.C. and Jacksonville, Fla.

tw telecom is delivering SGR a comprehensive suite of new networking solutions including business Ethernet services – Extended Native LAN (ENLAN) and Elite NLAN – and digital voice/voice-over-IP services as part of a multi-year agreement. The new services allow SGR to more efficiently, securely and cost-effectively connect its East Coast offices.

“We were impressed with how the tw telecom team demonstrated a commitment to helping us achieve our technology infrastructure goals,” said Christopher P. McDaniel, CIO at Smith, Gambrell & Russell, LLP. “We are confident that tw telecom will be a great fit for us and are very pleased to partner with a provider that offered such a great combination of reliability, scalability and customer service at a competitive
price.”
“For more than a century, Smith, Gambrell & Russell has established a reputation for providing swift, expert and cost-effective legal support to its clients,” said Joel Fye, vice president and general manager for tw telecom in Atlanta. “We’re pleased that tw telecom services will help the firm continue to provide the highest levels of client service more efficiently, securely and affordably.”

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• Achieved 35.1% M-EBITDA margin, a 210 basis point expansion year over year
• Delivered $14 million levered free cash flow, or 5% of revenue
• Produced $3 million of Net Income, reflecting $0.02 earnings per share1,
  representing growth of $0.05 per share year over year

LITTLETON, Colo. – May 11, 2009 – tw telecom inc. (NASDAQ: TWTC), a leading provider of managed voice, Internet and data networking solutions for business customers, today announced its first quarter 2009 financial results, including $297.6 million of revenue, $104.4 million in Modified EBITDA2 (“M-EBITDA”) and net income of $2.9 million.
“We performed well in a difficult economic environment, delivering another solid quarter,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “We continued to grow revenue, deliver impressive margins and generate solid cash flow while maintaining our strong liquidity. Profitably growing revenue is our top priority as we leverage customer demand for our Ethernet, IPVPN, Internet solutions and our recently launched managed services. We expect ongoing headwinds from the economy, therefore we remain nimble with a very disciplined approach. At the same time we continue to position for the future by investing in the customer experience and strategic development of our network reach and product portfolio.”

Highlights for the First Quarter 2009

•Grew total revenue 5% year over year and 1% sequentially
•Grew enterprise revenue 9% year over year and 2% sequentially
•Grew data and Internet revenue 21% year over year and 4% sequentially
•Grew M-EBITDA 12% year over year, and was nearly flat sequentially
•Achieved a 35.1% M-EBITDA margin, a 210 basis point improvement year over year
•Delivered $14.5 million of levered free cash flow4, representing 5% of revenue
•Ended the quarter with $353.2 million in cash and equivalents, and sequentially improved days sales outstanding for receivables and decreased bad debt expense
•Implemented FASB Staff Position APB 14-1 for convertible debt, which increased non cash interest expense and decreased net income, thereby lowering EPS with various impacts to the balance sheet, including decreasing debt.

Business Trends

“We are pleased with our strong margins and continued strong liquidity,” said Mark Peters, tw telecom’s Executive Vice President and Chief Financial Officer. “We generated solid revenue growth, which was driven by record fourth quarter sales somewhat offset by persistently higher revenue churn. Coming off that record quarter, our sales started the year at levels below the same period for the prior year, but grew throughout the quarter. Overall, the trends in the business remain steady.”
The Company continues in a strong liquidity position with no significant debt maturities until 2013, $353 million in cash and equivalents, an undrawn revolver, and no financial maintenance covenants unless it draws its revolver5.

Churn

Reflecting the current economic environment, revenue churn6 was 1.3% compared to 1.2% for the prior quarter and 1.1% for the same quarter last year. The Company expects elevated revenue churn to continue to pressure revenue growth.
Customer churn6 was 1.3% for the current and prior quarter, down from 1.4% for the same quarter last year. The majority of the turnover was from small acquired customers that are below the Company’s service profile and the Company expects this churn will continue.

Other items for 2009

The Company continues to expect business fluctuations to impact sequential trends in revenue, margins and cash flow. This includes the timing as well as any seasonal nature of sales and installations, usage, disputes, repricing of contract renewals and ongoing revenue churn. Given the current economic environment, seasonal and other trends may differ from historical experience.
As of January 1, 2009, the Company adopted mandated FASB Staff Position APB 14-1 (“FSP APB 14-1”), which addresses changes in accounting for certain convertible debt instruments. The impact of this pronouncement was to record a discount on the Company’s convertible debt to reflect the fair value at issuance. Adoption of this pronouncement, which was retrospectively applied to all periods presented in its financial statements, increased non cash interest expense, decreased net income, and decreased debt along with other balance sheet impacts. See the Company’s supplemental earnings slides for further details.

Capital Expenditures

Capital expenditures were $73.4 million for the quarter compared to $72.9 million for the prior quarter and $59.6 million for the same period last year. The increase primarily reflects $9.7 million for an opportunistic purchase of fiber assets and other market and collocation expansions, which were driven by customer demand. For 2009, the Company expects total capital expenditures to be approximately $250 to $275 million with the majority of the capital tied to new sales opportunities.

Year over Year Results –First Quarter 2009 compared to First Quarter 2008

Revenue

Revenue for the quarter was $297.6 million compared to $282.6 million for the first quarter last year, representing a year over year increase of $15 million, or 5%. Key changes in revenue included:
•$19.0 million increase in revenue from enterprise customers, or 9% year over year, representing 27 consecutive quarters of enterprise growth
•$2.7 million decrease in revenue from carriers. Growth in new sales was outpaced by churn, including $1.5 million lost revenue from one wireless customer, and repricing of renewed customer contracts
•$1.3 million decrease in intercarrier compensation related primarily to rate reductions
By product line, the percentage change in revenue year over year was as follows:
•21% increase for data and Internet services, primarily due to continued success with Ethernet and IP-based product sales
•Voice services, remained relatively unchanged reflecting growth in bundled and other local product sales offset by churn
•3% decrease for network services, primarily due to churn and repricing for contract renewals primarily related to carrier customers, partially offset by an increase in collocation services

M-EBITDA and Margins

M-EBITDA grew to $104.4 million for the quarter from $93.4 million for the same period last year, a 12% increase, or $11.1 million. The growth in M-EBITDA represents the contribution from revenue growth, cost synergies from network optimization efforts and overall efficiency gains, partially offset with higher bad debt expense.
Operating costs for the quarter increased primarily due to increased network access costs associated with growth in customer installations of service, partially offset by grooming and employee-related cost efficiencies. Operating costs as a percent of revenue were 42% for the current period compared with 43% for the same period last year.
Selling, general and administrative costs (“SG&A”) increased year over year, primarily reflecting increased bad debt expense and higher employee costs for incentive based sales compensation due to growth in revenue, partially offset by employee-related cost efficiencies. Bad debt expense was $3.5 million for the quarter and $.9 million for the same period last year, representing 1.2% of quarterly revenue for the current quarter and .3% for the same period last year. SG&A costs as a percent of revenue declined to 25% for the quarter as compared to 26% for the same period last year, reflecting cost efficiencies and scaling of the business.
Modified gross margin7 was 58.7% for the current quarter compared to 57.6% for the same period last year, a 110 basis point improvement. M-EBITDA margin for the quarter was 35.1% as compared to 33.0% for the same period last year, a 210 basis point improvement. The improvement in margins between periods primarily reflects contributions from revenue growth, efficiencies and scaling of the business, partially offset by higher bad debt expense.
The Company utilizes a fully burdened modified gross margin, including network costs, and personnel costs for customer care, provisioning, network maintenance, technical field and network operations, excluding non-cash stock-based compensation expense.

Net Income and Loss

For the quarter, the Company achieved a $0.05 per share improvement in EPS with net income of $2.9 million, or $0.02 per share for the current quarter compared to a net loss of $4.8 million, or a loss of $0.03 per share, for the same period last year. Net income for the quarter reflects strong M-EBITDA growth partially offset by increased depreciation. The increase in depreciation represents increased capital investments partially offset by an increase in fully depreciated assets. The impact of adoption of FSP APB 14-1 decreased earnings per share by $0.03 and $0.02 for the current quarter and the same period last year, respectively.

Sequential Results –First Quarter 2009 compared to Fourth Quarter 2008

Revenue

Revenue for the quarter was $297.6 million, as compared to $294.6 million for the fourth quarter of 2008, an increase of $3.0 million, or 1%. Key changes in revenue included:
•$4.1 million increase in enterprise revenue, representing 2% sequential growth
•$1.2 million decrease in revenue from carrier customers reflecting new sales offset by repricing of renewed customer contracts and churn
•$0.1 million increase in intercarrier compensation
By product line, the percentage change in revenue sequentially was as follows:
•4% increase for data and Internet services, primarily due to continued success with Ethernet and IP based product sales
•Voice services were relatively unchanged with continued churn offset by increased usage
•2% decrease in network services, primarily due to ongoing disconnects and contract repricing, partially offset by an increase in collocation services

M-EBITDA and Margins

M-EBITDA was $104.4 million for the quarter, compared to $104.2 million for the prior quarter. The Company experienced a $4.0 million increase in costs from the resetting of payroll taxes and other employee related costs. The Company deferred its annual merit raises one month and therefore expects an additional increase in employee costs by approximately $2.0 million in the second quarter reflecting the full quarter impact.
Operating costs decreased primarily reflecting network optimization efforts, fluctuations in field related costs for fuel, utility and repairs & maintenance, partially offset by higher employee costs related to resetting of payroll taxes and other employee related costs. Operating costs were 42% of revenue for the quarter compared to 43% for the prior quarter.
SG&A costs increased primarily reflecting higher employee costs related to resetting of payroll taxes and other employee related costs partially offset by reduced bad debt expense. Bad debt expense decreased to $3.5 million from $3.9 million sequentially, representing 1.2% and 1.3% of quarterly revenue, respectively. SG&A was 25% of revenue for the current quarter compared to 24% for the prior quarter.
Modified gross margin was 58.7% compared to 57.6% for the prior quarter. M-EBITDA margin was 35.1% for the quarter, compared to 35.4% for the prior quarter. The change inM-EBITDA and margins primarily reflects contributions from revenue growth and lower field costs offset by the increase in employee related costs.

Net Income

For the quarter, the Company reported net income of $2.9 million, or $0.02 per share, compared to net income of $.9 million, or $0.01 per share for the prior quarter. Net income reflects stable M-EBITDA and decreased interest costs. The impact of adoption of FSP APB 14-1 decreased earnings per share by $0.03 and $0.02 for the current quarter and the prior quarter, respectively.

Summary

“Profitably growing revenue is our top priority as we continue to leverage our strategic position, develop new products and actively pursue opportunities to grow our business,” said Herda.
tw telecom plans to conduct a webcast conference call to discuss its earnings results on May 12 at 9:00 a.m. MDT (11:00 a.m. EDT). To access the webcast and the financial and other information to be discussed in the webcast, visit www.twtelecom.com under “Investor Relations.”

Financial Measures

The Company provides financial measures using generally accepted accounting principles (“GAAP”) as well as adjustments to GAAP measures to describe its business trends, including Modified EBITDA. Management believes that its definition of Modified EBITDA (see above) is a standard measure of operating performance and liquidity that is commonly reported and widely used by analysts, investors, and other interested parties in the telecommunications industry because it eliminates many differences in financial, capitalization, and tax structures, as well as non-cash and non-operating income or charges to earnings. Modified EBITDA is not intended to replace operating income (loss), net income (loss), cash flow, and other measures of financial performance and liquidity reported in accordance with GAAP. Management uses Modified EBITDA internally to assess on-going operations and it is the basis for various financial covenants contained in the Company’s debt agreements. Modified EBITDA is reconciled to Net Income (Loss), the most comparable GAAP measure, within the Consolidated Operations Highlights and in the supplemental information posted on the Company’s website.
In addition, management uses unlevered and levered free cash flow, which measure the ability of M-EBITDA to cover capital expenditures. The Company uses these cash flow definitions to eliminate certain non-cash costs. Levered and unlevered free cash flow are reconciled to Net Cash provided by (used in) operating activities in the supplemental information posted on the Company’s website. The Company also provides an adjustment to the measure gross margin by eliminating the impact of non-cash stock-based compensation expense related to the adoption of SFAS 123R. Management uses modified gross margin internally to assess on-going operations. Modified gross margin is reconciled to gross margin in the Consolidated Operations Highlights.

Forward Looking Statements

The statements in this press release concerning the outlook for 2009 and beyond, including expansion plans, growth prospects, churn, business fluctuations, sales activity, timing of sales and installations, expense trends, the impact of accounting changes, seasonality, business trends, repricing of contract renewals, revenue growth, margins and cash flow trends, market opportunities, and expected capital expenditures are forward-looking statements that reflect management’s views with respect to future events and financial performance. These statements are based on management’s current expectations and are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward looking statements include the risks disclosed in the Company’s filings with the SEC, especially the section entitled “Risk Factors” in its 2008 Annual Report on Form 10-K and in its quarterly report on Form 10-Q for the quarter ended March 31, 2009. tw telecom undertakes no obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Larissa Herda, TW Telecom’s Chairman, CEO and presedent, called on the competitive business broadband providers to engage Congress and the FCC in establishing a national Broadband Policy for Businesses that will spur innovation for enterprises and create jobs in a New Broadband economy.

A comprehensive broadband policy for businesses is foundational to create the growth, efficiency and reduced costs that all American businesses need in order to deal with this recession, according to Herda.

“We must enable the enterprise with technological solutions that will propel and accelerate growth,” she said. “We can continue the path of the last decade, permitting consolidation and deregulation to limit competition and forestall innovation. Or, we can develop a meaningful broadband policy for businesses, and truly unleash the power of competition for the benefit of the entire U.S. economy.

“The world has changed. The way we interconnect with the incumbent needs to change, because the enterprise customer is changing what they’re doing, how they’re doing it, and the applications they’re developing,” Herda said. “A comprehensive broadband policy for business must focus on better, more efficient, more scalable ways to interconnect with the incumbents.”

Herda sees a fundamental shift in the strategies enterprise customers are adopting and implementing towards an applications environment that supports initiatives like: Collaboration, Web 2.0 applications, Software as a Service, Ethernet and Storage, Telepresence, Business Continuity and Disaster Recovery, Green IT and Cloud Computing; all of which require massive amounts of data bandwidth.

“Demand for bandwidth is growing – exponentially,” Herda said. “Yet, access to the end user customers and the buildings is generally constrained – limited to the facilities available only from the incumbent. This limited access often means higher prices and less innovation, which inflicts harm not just on our business, but more importantly on the hospitals, schools, banks, and government agencies on which our nation depends for economic progress.”

“The bottom line is that competition drives innovation,” Herda added. “We need a healthy competitive environment to spur innovation that delivers better solutions to the enterprise customer because that will lead to a more stable and healthy economy.”

Herda urged the assembly to fight for a national business broadband policy that includes three critical points — effective regulation of Special Access, including Ethernet services, and UNE last-mile facilities; interconnection for IP voice and data services; and a reform or elimination of the forbearance process.

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Time Warner Telecom Inc. will be changing their name to TW Telecom on July 1st. The name have been operating under (Time Warner Telecom) is licenced from Time Warner Inc. but the agreement expires June 30th. However this is a good oppertunity to build a new brand.

 ?The time is right to focus our brand around the tw telecom name and a vision, a set of values and a brand promise that we have built over the past decade,? said Larissa Herda, Time Warner Telecom?s Chairman, President, and CEO. ?Our new brand name is a key milestone in the evolution of our company, as we become the true choice for business communications services – anywhere. tw telecom acknowledges our heritage and reinforces our commitment to delivering the finest customer experience in the industry, just as we always have.

?As tw telecom, we will stay close to our roots and continue our determination to care for our customers. This company-wide mantra has always been driven by an unfailing commitment and dedication to helping customers succeed. ?We have built a company that is unmatched in delivering a powerful combination of nation-wide network assets, innovative solutions, success-based growth strategies, strong financials and a focus on the customer. We leverage these strengths to benefit each one of our customers and to grow long-term shareholder value.

?tw telecom is familiar; it is stable; it is consistent; it is clear, concise and focused ? it is who we are,? Herda said. tw telecom has more commercial buildings directly connected to a fiber infrastructure than any other U.S. competitive telecom services provider.

?This gives us the ability to quickly and seamlessly deliver Ethernet and other next generation services to businesses that require more efficient network connectivity,? Herda said. ?This strategy has translated into double-digit growth rates for us over the
past several years.?

Time Warner Telecom reported 2007 revenue of $1.084 billion and modified EBITDA of $339 million. The company employs 2,859, as of Dec. 31, 2007. Time Warner Telecom, delivers high-speed, high-capacity communications services at up to 10 Gbps to businesses, organizations, government entities, and carriers over its own national fiber infrastructure and IP backbone. Time Warner Telecom
operates in 75 U.S. metropolitan areas.

Time Warner Telecom has been operating under a name licensing agreement with Time Warner Inc. that will expire June 30, 2008.

About Time Warner Telecom
Time Warner Telecom Inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, Time Warner Telecom delivers customers overall
economic value, quality, service, and improved business productivity. Please visit www.twtelecom.com for more information.

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Time Warner Telecom Inc. (NASDAQ: TWTC), a leading provider of managed voice and data networking solutions for business customers, today announced its third quarter 2007 financial results, including $274.8 million of revenue, $86.4 million in Modified EBITDA^{1 (“M-EBITDA”) and a net loss of $11.6 million.}

“We continue to deliver strong enterprise revenue growth, drive sales momentum, and achieve solid margins,” said Larissa Herda, Time Warner Telecom’s Chairman, CEO and President. “We have substantially completed our integration, and continue to optimize our operations and pursue cost synergies to streamline our ongoing operating structure. Our efforts are focused on leveraging our national footprint and robust product portfolio to drive further penetration of the enterprise market place and grow our market share.”

For the quarter ending September 30, 2007, the Company –

1. • Grew total revenue 40% year over year and 3% sequentially

1. • Grew enterprise revenue 60% year over year and 5% sequentially

1. • Grew enterprise revenue to 70% of total revenue for the quarter

1. • Grew data and Internet revenue 53% year over year and 5% sequentially

1. • Produced $86.4 million of M-EBITDA and a 31.5% M-EBITDA margin

1. • Delivered $9.1 million of levered free cash flow5, which included $7.6 million

Revenue for the quarter was $274.8 million, as compared to $196.1 million for the third quarter of 2006, an increase of $78.7 million, or 40%. Key changes in revenue^{3 included:}

1. • $68.3 million increase in revenue from enterprise customers, which included the impact of the acquired operations2 and strong growth

1. • $4.2 million increase in revenue from carriers, including the impact of the acquired operations which was partially offset by $4.1 million due to disconnects from one wireless customer

1. • $2.4 million increase in intercarrier compensation primarily related to the acquired operations

1. • $3.8 million increase to account for certain taxes and fees on a gross versus net basis3

By product line, the percentage change in revenue year over year was as follows:

1. • 53% increase for data and Internet services7, which included the impact of the acquired operations and strong growth due to success with Ethernet and IP-based product sales

1. • 80% increase for voice services8, which included the impact of the acquired operations and strong growth due to strong bundled product sales

1. • 13% increase for network services9 which included the acquired operations partially offset by disconnects from one wireless carrier

1. • 27% increase in intercarrier compensation primarily related to the acquired operations

Monthly revenue churn improved to 1.0% for the quarter, as compared to 1.1% for both the prior quarter and the same quarter last year. The Company continues to expect ongoing revenue churn, including disconnects from carrier customers related to their merger activities and network grooming.

M-EBITDA grew $15.2 million to $86.4 million for the quarter, a 21% increase over

the same period last year primarily reflecting strong revenue growth and the impact of the acquired operations. M-EBITDA included $1.2 million of integration and branding costs in the quarter, and $.1 million in the same period last year. Operating costs increased primarily reflecting the impact of the acquisition and related increased network access costs associated with additional sales, which were partially offset by integration synergies, and the change in 2007 to present certain taxes and fees on a gross versus net basis. Selling, general and administrative costs (“SG&A”) increased primarily reflecting the impact of the acquired operations as well as increased incentive-based compensation for sales employees and non-cash stock based compensation. Also, in the third quarter of 2006, the Company experienced a decrease in bad debt expense related to bad debt recoveries, which did not recur in the current quarter. SG&A as a percent of revenue was 28% for both periods.

2

M-EBITDA margin was 31.5% for the quarter as compared to 36.3% for the same quarter last year. Modified gross margin^{10 was 57.2% for the current quarter compared to 62.5% for the same period last year. The difference in margins between periods primarily reflects higher access costs related to the acquired operations and the margin impact to present certain taxes and fees on a gross versus net basis, partially offset by the benefit of integration synergies.}

The Company utilizes a fully burdened modified gross margin, including network costs, and personnel costs for customer care, provisioning, network maintenance, technical field and network operations, excluding non-cash stock-based compensation expense.

The Company’s net loss was $11.6 million, a loss of $.08 per share for the quarter compared to a net loss of $11.3 million, a loss of $.09 per share for the third quarter of 2006. The increase in the net loss reflects strong M-EBITDA growth in the current quarter, offset by an increase in depreciation expense related to both the acquired assets and new capital expenditures placed in service and a $2.4 million charge to recognize an estimated loss on certain investments.

Revenue for the quarter was $274.8 million, as compared to $268.0 million for the second quarter of 2007, an increase of $6.8 million, or 3%. Key changes in revenue3 included:

1. • $9.3 million increase in revenue from enterprise customers resulting in the highest sequential increase to date from organic growth. The increase included the impact of several large customer installations in the latter part of the second quarter which had a full quarter impact to revenue in the current quarter

1. • $1.9 million decrease in revenue from carrier customers, which included a decrease of $.6 million due to disconnects from one wireless customer, as well as fluctuations in customer settlements

By product line, the percentage change in revenue sequentially was as follows:

1. • 5% increase for data and Internet services, due to success with Ethernet and IP based product sales (7% growth excluding the impact of the change in categories for certain acquired products6)

1. • 3% increase for voice services (1% growth excluding the impact of the change in categories for certain acquired products6)

1. • 1% increase in network services primarily due to increased high-bandwidth enterprise sales partially offset by carrier disconnects

3

M-EBITDA was $86.4 million for the quarter, as compared to $83.0 million for the prior quarter, a 4% increase or $3.4 million. M-EBITDA margin was 31.5% for the quarter, as

compared to 31% in the prior quarter. Modified gross margin remained virtually unchanged from the prior quarter. The change in M-EBITDA and M-EBITDA margin primarily reflects strong revenue growth, and integration synergies partially offset by growth in costs to support the Company’s rollout of its full product suite in the acquired markets. Operating costs increased primarily related to growth in revenue, network technicians added to support the product rollout and fluctuations in settlements.

The Company’s net loss was $11.6 million, a loss of $.08 per share for the quarter compared to a net loss of $9.6 million, or a loss of $.07 per share for the prior quarter. The increase in net loss per share reflects strong M-EBITDA growth offset by an increase in depreciation expense related to new capital expenditures placed in service and a $2.4 million charge to recognize an estimated loss on certain investments.

The Company continues to expect that integration cost synergies will be primarily realized in the next few quarters. For 2007, the Company continues to expect to spend $35 to $45 million for integration, including $5 to $7 million in operating costs, and $30 to $38 million in capital expenditures. Based on its successful integration, the Company is accelerating the rollout of its full product suite to four additional acquired markets in the fourth quarter.

“Progress on our integration has been impressive and we are on track with our expected cost synergies,” said Mark Peters, Time Warner Telecom’s Executive Vice President and Chief Financial Officer. “We continue to focus on investing in the business, while balancing revenue growth, margins and cash flow. This philosophy will continue as we remain focused on achieving mid-30% M-EBITDA margins during the summer of 2008. As in the past, we expect future quarterly margins will be impacted by the timing of sales, installations, seasonality and other normal business fluctuations, as well as integration synergies and costs.”

Excluding integration investments, capital expenditures were $52.8 million for the third quarter. For 2007, the Company is narrowing its guidance for capital expenditures, excluding integration investments, to $230 to $240 million, which will primarily be used to fund growth opportunities.

“We remain focused on optimizing our businesses by delivering strong enterprise growth, driving sales momentum and growing cash flow by leveraging our national footprint and robust product portfolio to further penetrate the enterprise market place and grow our market share,” said Herda.

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