SiGe Semiconductor Ranked Number 114 Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500
November, 2008—Andover, MA
SiGe Semiconductor today announced that it ranked number 114 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007. SiGe Semiconductor grew 1847% during this period.
SiGe Semiconductor’s CEO Sohail Khan credits the SiGe teams with the success, noting that they continue to deliver the most innovative wireless multimedia products and provide excellent support for SiGe's customers. He said, “We are thrilled to be the fastest growing RF semiconductor company in North America. SiGe Semiconductor’s technology has won significant designs that are enabling today’s Wi-Fi products. I am very proud of our achievements.”
"Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate SiGe Semiconductor on this significant accomplishment."
Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About SiGe Semiconductor
SiGe Semiconductor is a leading global supplier of the products that are enabling wireless multimedia in a wide variety of computing, entertainment and mobile systems. Our innovative radio frequency integrated circuits and multi-chip modules simplify the addition of mobile broadband access and location-based capabilities to consumer electronics. SiGe products are designed specifically for these applications, providing the un-equalled performance that is necessary for high-quality, user-focused applications on the go. Offering exceptional performance, our products comply with Wi-Fi®, WiMAX™, and GPS technology standards. We deliver solutions designed for the end system application, enabling ease of integration and reduced time to market. SiGe operates worldwide, servicing leading consumer electronics OEMs and ODMs from five key sites as well as through an extensive global distribution network. About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Forward Looking Statements
This news release may contain certain forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and SiGe Semiconductor, Inc. does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.
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