Synaptics Named to Deloitte's 2011 Technology Fast 500™ List
Adoption of the broadest portfolio of touch technology solutions spurs touch leader to be named one of 500 fastest growing companies in North America
SANTA CLARA, Calif., Oct. 19, 2011 /PRNewswire/ -- Synaptics Inc. (NASDAQ: SYNA), a leading developer of human interface solutions for mobile computing, communications and entertainment devices, today announced it ranked number 420 on Deloitte's Technology Fast 500™ list. This award honors the 500 fastest growing technology companies in North America. Winners were selected based on the percentage fiscal year revenue growth from 2006 to 2010, a period in which Synaptics grew 179 percent. Customer success in the marketplace, fueled in part by Synaptics' industry leading touch solutions, has been the driving force behind the company's continued growth.
"Synaptics surpassed one billion units shipped earlier this year – a customer testament to the value our superior touch experience delivers to end users," said Rick Bergman, CEO of Synaptics. "We're proud to be included on Deloitte's list of fastest growing technology companies, and we're confident that we will continue to lead the market with the next-generation of touch support with products such as ClearPad™ on-cell and in-cell integrated display solutions for mobile handsets, ClearPad™ single-chip solutions for tablets, as well as TouchPad™ solutions for notebooks."
"Synaptics, 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," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, of Deloitte LLP. "Deloitte recognizes Synaptics for its remarkable accomplishment."
For further information on this award please visit http://www.deloitte.com/view/en_US/us/Industries/technology/technology-fast500/index.htm. For up to date information on Synaptics' products and solutions check out www.synaptics.com. For the latest Synaptics news, follow @SynaCorp on Twitter.
About Synaptics
Synaptics (NASDAQ: SYNA) is a leading developer of human interface solutions for the mobile computing, communications, and entertainment industries. The company creates interface solutions for a variety of devices including notebook PCs, PC peripherals, tablets, and mobile phones. The TouchPad™, Synaptics' flagship product, is integrated into a majority of today's notebook computers. Consumer electronics and computing manufacturers use Synaptics' solutions to enrich the interaction between humans and intelligent devices through improved usability, functionality, and industrial design. The company is headquartered in Santa Clara, California. www.synaptics.com.
About Deloitte's 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies –both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order 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 five years, and be headquartered within North America.
Forward-Looking Statements
This press release contains "forward-looking" statements about Synaptics, as that term is defined under the federal securities laws. Synaptics intends such forward-looking statements to be subject to the safe harbor created by those laws. Such forward-looking statements include, but are not limited to, Synaptics' confidence that it will continue to lead the market with next-generation touch support with products such as ClearPad™ on-cell and in-cell integrated display solutions for mobile handsets, ClearPad™ single-chip solutions for tablets, as well as TouchPad™ solutions for notebooks. Synaptics cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, (a) demand for Synaptics' products, (b) market demand for OEMs' products using Synaptics' solutions, (c) changing market demand trends in the markets Synaptics serves, (d) the success of customers' products that utilize Synaptics' product solutions, (e) the development and launch cycles of customers' products, (f) market pressures on selling prices, (g) changes in product mix, (h) the market acceptance of Synaptics' product solutions compared with competitors solutions, (i) general economic conditions, including consumer confidence and demand, and (j) other risks as identified from time to time in Synaptics' reports filed with the Securities and Exchange Commission, including Quarterly Reports on Form 10-Q and the Annual Report on Form 10-K for the fiscal year ended June 30, 2011. All forward-looking statements are based on information available to Synaptics on the date hereof, and Synaptics assumes no obligation to update such statements.
Synaptics, ClickPad and TouchPad and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
For further information, please contact:
Nick Rottler
Synaptics
408-454-5388
[email protected]
Holly Little
Edelman for Synaptics
650-762-2888
[email protected]
SOURCE Synaptics Inc.
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