2 November 2011

GigOptix ranked 95th in North America on Deloitte’s ‘Technology Fast 500’

GigOptix Inc of San Jose, CA, USA (which supplies semiconductor and optical components for high-speed information streaming) has been ranked 95th on Deloitte’s Technology Fast 500 list.

The Technology Fast 500, which was conducted by Deloitte’s subsidiary Deloitte &Touche LLP, ranks the fastest-growing technology, media, telecoms, life sciences and clean-tech firms — both public and private — in North America, based on percentage of fiscal year revenue growth from 2006 to 2010. To be eligible, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of its operating revenues. Firms must have base-year operating revenues of at least $5m (USD or CD). Companies must also be in business for a minimum of five years and be headquartered within North America.

Overall, 2011 Technology Fast 500 companies achieved revenue growth ranging from 134% to 70,211% from 2006-2010, with an average growth of 1736%. GigOptix’s revenue grew 1093% during this period. CEO Dr Avi Katz attributes this to the use of a balanced mix of organic and strategic business growth and the need to leapfrog technology to concentrate on the future needs of technology — mainly 40G and 100G. “GigOptix has built itself up with three simple pillars of strategy: (1) innovation; (2) execution; and (3) financial growth engine,” says Katz. “With these basic principles, GigOptix has grown exponentially to be the current leader in 40G and 100G semiconductor and optical components that enable high-speed information streaming,” he claims.

“GigOptix, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most challenging economies in history,” comments Eric Openshaw, vice chairman & US technology, media and telecommunications leader, Deloitte LLP. “As one of the fastest-growing tech companies in North America, GigOptix has demonstrated excellence in technological innovation, entrepreneurship and rapid growth,” adds Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP.

Tags: GigOptix

Visit:www.gigoptix.com