Aquantia Ranked 1st on Deloitte's 2015 List of Fastest Growing Semiconductor Companies in North America and 5th Overall
Topped all Silicon Valley-based companies - public, and private - spanning a variety of industry sectors by achieving the fastest revenue growth rate on Deloitte's annual list
SAN JOSE, Calif., Nov. 17, 2015 /PRNewswire/ -- Aquantia, a leading semiconductor developer, and global supplier of high-speed connectivity solutions for data centers, enterprise and WLAN applications, today announced it ranked 5th on Deloitte's annual Technology Fast 500™, a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. According to the Fast 500 report, the company achieved strong fiscal year revenue growth during the period from 2011 to 2014, making it the fastest growing semiconductor company on Deloitte's list.
Aquantia's President and Chief Executive Officer, Faraj Aalaei, credits the company's significant revenue growth to its talented and motivated team, which is laser-focused on execution. He commented, "We are honored to be ranked 1st of all semiconductor companies for the 2nd consecutive year. Our year over year success can be attributed to Aquantia's competitive positioning, unsurpassed performance, and continued design win traction across our industry leading product lines. Aquantia's innovative 10 Gigabit data center technology and 5 Gigabit enterprise campus technology is at the forefront of the upgrade cycle in the decades-old, multi-billion dollar Ethernet industry. We want to thank our customers and employees for enabling Aquantia to win this prestigious award."
The company continues to enjoy rapid growth due to the adoption of its 10 Gigabit Ethernet over copper (10GBASE-T) technology that began with the introduction of the Romley server platforms in 2012 and is accelerating with the Grantley generation announced in September 2014. These data center-class servers drive networking needs beyond 1 Gigabit and into the adoption of 10GBASE-T. In addition, Aquantia's compelling growth trajectory continues with its AQrate® technology targeting the hundreds of millions of ports in enterprise networks upgrading to 2.5GBASE-T and 5GBASE-T over legacy copper infrastructure, driven by the introduction of 802.11ac Wave 2 enabled wireless access points.
About Deloitte's 2015 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered in North America.
About Aquantia
Aquantia is a leading semiconductor developer, and global supplier of high-speed connectivity solutions for data centers, enterprise and WLAN applications. The transition to 10Gb Ethernet and Multi-Gig Ethernet is currently underway, driven by the consolidation of data in the cloud and the mobile revolution. Aquantia's 10GBASE-T and AQrate PHY product lines lead the market with low-power, high-performance, and high-density silicon solutions. The company is strategically positioned to lead the traditionally long upgrade cycles in both Data Center and Enterprise infrastructure representing a multibillion-dollar market opportunity. Aquantia is headquartered in Silicon Valley, California with strong venture capital and strategic investors. For more information, visit www.aquantia.com
SOURCE Aquantia
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