SAN JOSE, Calif., Nov. 14, 2012 /PRNewswire/ -- Cavium, Inc. (NASDAQ: CAVM), a leading provider of highly integrated semiconductor products that enable intelligent processing for networking, communications and the digital home today announced it has ranked for the fifth consecutive year on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Cavium's revenue grew 378 percent between fiscal year 2007 and fiscal year 2011 and it was ranked 223 this year among Deloitte's Technology Fast 500 companies.
Cavium's chief executive officer, Syed Ali, credits the company's talented employees and impressive product portfolio, which includes integrated and scalable processors and software solutions, with the company's 378 percent revenue growth. He said, "We are pleased to have been named to Deloitte's Technology Fast 500 once again. We look forward to driving aggressive growth by providing highly differentiated and performance leading processor solutions addressing major industry trends across the mobile and data center markets."
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.""The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Cavium for this impressive accomplishment." Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011.