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Cavium Networks Ranked Among Fastest Growing Companies in North America on Deloitte’s 2008 Technology Fast 500

MOUNTAIN 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 lines."

“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 accomplishment.”

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 to 2007.

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.

About Deloitte
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.

Cavium Networks Contact:
Angel Atondo
Marketing Manager
805 East Middlefield Road,
Mountain View, CA 94043
Telephone: (650) 623-7033
Email: angel.atondo@caviumnetworks.com

 

 

 

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