CUPERTINO, Calif., March 18, 2013 /PRNewswire/-- Borqs Hong Kong Limited, a leading global end-to-end Android and cloud software solutions provider, recently announced that it has been ranked 20th in the prestigious Deloitte Technology Fast 500 Asia Pacific for 2012. The second consecutive strong finish in the rankings reflects Borqs' leading position in the Chinese and Asia-Pacific high-tech market. Thanks to its strong business growth and outstanding market performance, Borqs was also awarded 7th place in the Deloitte Technology Fast 50 China for 2012.
Mr. Pat Chan, CEO and President of Borqs, said: "Being selected again for the Deloitte Technology Fast 500 Asia Pacific is an acknowledgment of the hard work of all our team members. On behalf of Borqs, I would like to thank Deloitte and the professional evaluation team for their recognition of our performance over the past three years. We could not have achieved such excellent results without the support of our customers and partners, and on this occasion please allow me to extend my gratitude to them. Moving into 2013, Borqs will uphold its commitment to advancing the development of the mobile internet industry and promoting more product innovations and new technologies. We look forward to strengthening cooperation with our partners, and we are confident that this will allow us to achieve even better results next year."Originating in Silicon Valley, the Deloitte Technology Fast 500 Asia Pacific has since expanded to cover many countries and regions, now is in its eleventh successful year. Initiated by Deloitte, one of the four biggest global accounting firms, the selection criteria for the award are mainly based on business performance growth rate and are designed to identify and commend the 500 fastest growing companies in the Asia Pacific Region. With the strict shortlisted conditions and high standard to technical innovation, the ranking has been known as a benchmark for the world's most high-tech, fastest growing companies. According to statistics, the three-year average revenue growth rate of the 500 companies selected in the ranking was 467%, with 14 of the companies achieving revenue of over $1 billion in 2012. The ranking reflects the latest developments from companies at the cutting edge of the emerging technology field.
For more information about the 2012 Deloitte Technology Fast 500 Asia Pacific, please visit: http://www.deloittetmt.com/TF5002012/img/DeloitteTF500AP2012WinnersReport_final.pdf About Borqs Borqs International Holding Corp., established in September 2007, is a technology company dedicated to providing customizable, integrated Android software platform solutions and end-to-end service platform solutions for mobile operators, terminal OEMs, and chip manufacturers worldwide. Headquartered in Beijing, Borqs also has offices and research and development facilities in Cupertino, Bangalore, Wuhan and Shenzhen. Primary investors in Borqs are Keytone Ventures, GSR Ventures, Tsinghua Venture Capital, Norwest Venture Partners, SK Telecom Ventures and Intel Capital Corporation. Borqs is now an active member of Google/OHA (the Open Handset Alliance), the TD Industry Alliance and Linux Foundation.Supported by leading venture capital and world-class strategic partners, Borqs meets the demands of its global customer base with platforms and services made possible by Borqs' technological innovation, leading-edge product development, and complete customer service system. With the big leap of business performance and enhanced brand influence, Borqs was awarded in succession by "Deloitte Technology Fast 500 Asia Pacific" in 2011 and 2012, and was ranked 7th in China, while 20th in Asia Pacific for the latest annual.SOURCE Borqs Microsystems Co., Ltd.