Cavium Networks, Inc. Ranked Among Fastest Growing Companies in North America on Deloitte’s 2009 Technology Fast 500™
MOUNTAIN VIEW, Calif., Oct. 22, 2009 –
Cavium Networks (NASDAQ: CAVM), a leading provider of highly
integrated semiconductor products that enable intelligent
processing for networking, communications, storage, wireless
and video applications, today announced that it has been ranked
among the fastest growing companies in North America on Deloitte’s
Technology Fast 500™, Deloitte LLP’s ranking of
500 of the fastest growing technology, media, telecommunications,
life sciences and clean technology companies in North America.
Cavium Networks is ranked 137 on Deloitte’s 2009
Technology Fast 500. Rankings are based on percentage of
fiscal year revenue growth during the five year period from
2004–2008. Cavium Networks grew revenue 1,069 percent
during this period.
Cavium Networks’ President and CEO, Syed Ali credits
the company’s growth to the expansion of its multiple
products families, including the OCTEON Multi-core MIPS64
processor family, the NITROX family of deep packet inspection
and security co-processors, PureVu Video processors and
ECONA single and dual-core ARM processors, which are used
in high growth intelligent networking, storage, wireless,
video and connected home and office markets. He said, "We
are pleased to receive this recognition from Deloitte. We
look forward to driving aggressive growth in our target
markets by providing highly differentiated and performance
leading embedded processor solutions."
“Technology Fast 500™ recognizes innovative
companies that have broken down barriers to success and
defied the odds with their remarkable five-year revenue
growth,” said Phil Asmundson, Vice Chairman and U.S.
Technology, Media and Telecommunications leader, Deloitte
LLP. "We congratulate Cavium Networks on this accomplishment."
“With its impressive five-year growth, Cavium Networks
has earned its position among the fastest growing technology,
media, telecommunications, life sciences and clean technology
companies in North America,” said Mark Jensen, Managing
Partner, Technology and Venture Capital Services, Deloitte
& Touche LLP. ”Deloitte is proud to honor Cavium
Networks for its achievement.”
Cavium Networks previously ranked as a Technology Fast
500™ award winner in 2008.
Technology Fast 500™ Selection and Qualifying
Criteria
Technology Fast 500™ provides a ranking of the fastest
growing technology, media, telecommunications, life sciences
and clean technology companies in North America. This ranking
is compiled from nominations submitted directly to the Technology
Fast 500™ website, and public company database research
conducted by Deloitte. Technology Fast 500™ award
winners for 2009 are selected based on percentage fiscal
year revenue growth during the five year period from 2004
to 2008.
Deloitte’s 2009 Technology Fast 500™ Media
Guidance 4
In order to be eligible for Technology Fast 500™ recognition,
companies must own proprietary intellectual property or
proprietary technology that contributes to a significant
portion of the company's operating revenues. Using other
companies' technology or intellectual property in a unique
way does not satisfy this requirement. Consulting companies,
professional service firms, etc. are not eligible unless
they have proprietary technology that contributes to a significant
portion of their operating revenues.
Technology Fast 500™ award eligibility requirements
also include base-year operating revenues of at least $50,000
USD or CD, and current-year operating revenues of at least
$5 million USD or CD. These revenues must have more than
doubled between 2004 and 2008. Additionally, companies must
be in business for a minimum of five years, and 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, wireless, storage, video
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 and 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 Communications Manager
Cavium Networks
805 East Middlefield Road,
Mountain View, CA 94043
Telephone: 650-623-7033
Email: angel.atondo@caviumnetworks.com
