SiGe Ranked 47th Fastest Growing Company on Deloitte’s 2007 Technology Fast 500
October, 2007—Methuen, Massachusetts
SiGe Semiconductor today announced that it ranked number 47 on Deloitte’s 2007 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 2002–2006. SiGe Semiconductor grew 3,517 percent during this period.
SiGe Semiconductor’s CEO, Sohail Khan, credits increased demand for its RF front-end solutions by some of the leading brands in consumer electronics with the company’s 3,517 percent revenue growth over the past five years. He said, “We are pleased to be among the fastest growing companies in North America. SiGe has an excellent track record delivering innovative technology and partnering with the leading manufacturers of consumer electronics to deliver the next generation of wireless products and services to consumers.”
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate SiGe Semiconductor on this significant accomplishment."
In addition to ranking on Deloitte’s Technology Fast 500, SiGe Semiconductor ranked number five on the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New England.
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 16 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 2002 to 2006.
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 Deloitte
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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