July 18, 2003
ROMNEY WELCOMES ANOTHER COMPANY TO MASSACHUSETTS
High-tech firm STARBAK pulls up stakes in Ohio to come to Bay State
WALTHAM – Governor Mitt Romney today praised STARBAK Communications for its decision to relocate to Massachusetts from Ohio as he touted the advantages that make the Bay State attractive for business growth and development.
“Obviously, you faced a choice. You could have remained in Ohio, or moved to any of the other 49 states. Instead, you came to Massachusetts,” Romney told company officials at a welcoming ceremony. “We have the people, the capital and the technology market. But of course, you know all that. That’s why you came here.”
Romney also outlined his six-point TOPS program – Tapping Our Potential in the State – to get the Massachusetts economy back on track.
“I am committed to putting Massachusetts back to work. As difficult as our challenges are, we have enormous potential,” Romney said, citing “a diverse economy, highly-educated workforce and major academic and research institutions.”
Romney also celebrated STARBAK’s latest round of venture capital funding, which will enable them to increase their workforce by over 10 percent by the end of this year. Of the three venture capital firms investing $3 million in the company, two have offices in Boston – Atlas Venture and Venrock.
STARBAK Communications, with 43 employees, is a leader in award-winning streaming media solutions. According to company officials, they relocated to Waltham to be closer to their customers, to a highly-talented workforce and to the venture capital community.
“This move emphasizes our ongoing commitment to best serve our strategic partners and customers,” said Joe Cameratta, STARBAK’s chairman and CEO. “Boston is home to many of our current partners and customers, whom we can better serve with face-to-face interaction. We look forward to expanding our customer base here as well as we continue to develop relationships with reseller, enterprises, and end users of streaming media technology.”
Cameratta continued, “As we continue to grow, so does our need for world-class engineers. Boston is a hotbed of technology with an impressive pool of engineering talent, and we look forward to incorporating new members into our dedicated and experienced team.”
STARBAK Communications, privately-funded, is the only company focused on providing end-to-end solutions that enable customers to create, manage and deliver video applications over IP, such as distance learning, corporate communications, employee training, telemedicine, government applications, and more. Dedicated to reducing the cost and complexity of delivering streaming multimedia to customers, employees, and business partners, the company has implemented high performance Windows Media and RTSP streaming and cache proxy engines running under various UNIX operating systems including Linux. These solutions are easily integrated into existing network infrastructures while providing performance far superior to competitive products, including the ability to stream multiple formats from a single unit.
In outlining his six-pronged TOPS program, Romney said government can play an important role in economic development by doing the following:
· Preserving a stable and competitive tax base;
· Holding down the cost of doing business in Massachusetts;
· Increasing the supply of housing, thereby bringing down prices;
· Connecting our higher education system to regional workforce needs;
· Reforming state government to improve the delivery of services; and working aggressively to bring more jobs to the state.
“In order to put Massachusetts back to work, the most important thing that government can do is to create the right environment for economic expansion and job growth. Employers will do the rest,” said Romney.
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