SUNNYVALE, Calif., Aug. 20, 2012 /PRNewswire/ -- Arteris, Inc., the inventor and leading supplier of network-on-chip (NoC) interconnect IP solutions, today announced that Inc. magazine ranked the company 496 on its 31st annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at this critical segment of the economy—America's independent entrepreneurs. The semiconductor design IP innovator joined other notable technology members including Facebook, Palo Alto Networks, and SugarSync to name a few. Companies such as Microsoft, Intuit, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Eric Schurenberg.
According to the March 23, 2012 Gartner Research report, "Market Share: Semiconductor Design Intellectual Property, Worldwide, 2011", by Gartner analysts Ganesh Ramamoorthy and Masatsune Yamaji, Arteris charted a 115% increase in IP license revenue in from 2010 to 2011. "Infrastructure IP was the fastest growing semiconductor design IP market after microprocessor IP in the past year. Its growth is correlated with the growing demand for interconnect functionality in advanced system-on-chip designs," said Ganesh Ramamoorthy, research director at Gartner. "The increasing interconnect requirements of SoC vendors is driving the demand for network on chip technology provided by IP companies."
Sales of Arteris' unique FlexNoC NoC interconnect IP product have driven the growth of the company as Arteris' patented NoC technology displaces older interconnect technologies such as hybrid busses, tiered switches and crossbars.
"We are very excited to be named to the Inc. 500 list," said K. Charles Janac, President and CEO of Arteris. "Since our founding in 2003, Arteris has charted our own path by continually delivering unique network-on-chip interconnect IP technology to the market. The fact that our fast growth and rapid adoption by leading companies such as Samsung, Qualcomm and Texas Instruments has occurred during challenging economic times proves that our FlexNoC IP saves our customers money, and helps them earn more revenue from their SoCs. Our internal data, based on customer experience, shows a 10x return on investment (ROI) when using Arteris IP for advanced SoC designs. This ROI results from cost savings, schedule savings, and increased SoC revenue due to better SoC performance."
Arteris, Inc. provides Network-on-Chip interconnect IP and tools to accelerate System-on-Chip semiconductor (SoC) assembly for a wide range of applications. Results obtained by using the Arteris product line include lower power, higher performance, more efficient design reuse and faster development of ICs, SoCs and FPGAs.
Founded by networking experts and offering the first commercially available Network-on-Chip IP products, Arteris operates globally with headquarters in Sunnyvale, California and an engineering center in Paris, France. Arteris is a private company backed by a group of international investors including ARM Holdings, Crescendo Ventures, DoCoMo Capital, Qualcomm Incorporated, Synopsys, TVM Capital, and Ventech. More information can be found at www.arteris.com.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list's alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
Arteris, FlexLLI, FlexNoC and the Arteris logo are trademarks of Arteris. All other product or service names are the property of their respective owners.
SOURCE Arteris, Inc.