GigOptix, Inc. (NYSE MKT: GIG) today announced it ranked 125th 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. GigOptix grew 916% percent during this period.
GigOptix’s Chairman and CEO, Dr. Avi Katz, credits the use of a strong strategic business plan and the deep understanding of future technology needs – mainly 100G and 400G – with the company’s 916% revenue growth. He said, “Upon inception in 2007, we created a business strategy based upon 3 pillars: 1. Innovation; 2. Execution; and 3. Financial Growth Engine. These core ideals still hold true and strong today and have helped us become the leader in 100G semiconductor and optical components that enable high-speed information streaming. We are honored to be recognized as a Technology Fast 500 TM company again this year and we look forward to future years of expanding growth.”
“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 GigOptix for this impressive accomplishment.”GigOptix previously ranked 95th as a Technology Fast 500™ award winner for 2011. About Deloitte’s 2012 Technology Fast 500™ Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.