VIEW, Calif., November 18, 2008
– Cavium Networks
(NASDAQ: CAVM), a leading provider of highly integrated semiconductor
products that enable intelligent processing for networking,
communications, storage, wireless and security applications,
today announced that it ranked number 99 on Deloitte’s
2008 Technology Fast 500, a ranking of the 500 fastest growing
technology, media, telecommunications and life sciences companies
in North America. Rankings are based on percentage of fiscal
year revenue growth over five years, from 2003–2007.
Cavium Networks grew 2100 percent during this period.
Cavium Networks’ CEO, Syed Ali, credits the growing
requirement of intelligence in the network and the simultaneous
support of voice, video and data in enterprise networks
and the Internet with the company’s 2100 percent revenue
growth over the past five years. He said, "Cavium Networks
is a leading provider of intelligent Multicore processors
with strong design win momentum in Tier-1 networking, wireless,
storage and security vendors. We look forward to continue
our growth by gaining market share and expanding our product
“Each company on Deloitte’s Technology Fast
500 is an innovator with an exceptional five-year track
record of growth,” said Phil Asmundson, Deloitte LLP
vice chairman and national managing partner for Technology,
Media and Telecommunications. “Cavium Networks has
earned its position among the fastest growing companies
in North America, and we are proud to honor this important
In addition to ranking on Deloitte’s Technology Fast
500, Cavium Networks ranked 15 on the Silicon Valley Software
and Information Technology (IT) companies Technology Fast
50, which is a ranking of the 50 fastest growing technology
firms in the San Francisco Bay area.
Overall, companies that ranked on the 2008 Technology Fast
500 had growth rates ranging from 242 to 138,762 percent
over five years, with an average growth rate of 3,043 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North
America. It is compiled from Deloitte’s regional North
American Fast 50 programs, nominations submitted directly
to the Fast 500, and public company database research. Companies
are selected based on percentage revenue growth from 2003
Entrants must own proprietary intellectual property or
proprietary technology that contributes to a significant
portion of the company's operating revenues or devote a
significant proportion of revenues to research and development
of technology. Using other companies' technology or intellectual
property in a unique way does not qualify. Base-year operating
revenues must be at least $50,000 USD or $75,000 CD, and
current-year operating revenues must be at least $5 million
USD or CD. Companies must be in business a minimum of five
years, and they must be headquartered within North America.
About Cavium Networks
Cavium Networks is a leading provider of highly integrated
semiconductor products that enable intelligent processing
in networking, communications, storage and security applications.
Cavium Networks offers a broad portfolio of integrated,
software compatible processors ranging in performance from
10 Mbps to 20 Gbps that enable secure, intelligent functionality
in enterprise, data-center, broadband/consumer and access
& service provider equipment. Cavium Networks processors
are supported by ecosystem partners that provide operating
systems, tool support, reference designs and other services.
Cavium Networks principal offices are in Mountain View,
CA with design team locations in California, Massachusetts
and India. For more information, please visit: http://www.caviumnetworks.com.
As used in this document, “Deloitte” means Deloitte
LLP. Please see www.deloitte.com/about
for a detailed description of the legal structure of Deloitte
LLP and its subsidiaries.