Berkeley Design Automation, Inc., provider of the world’s fastest nanometer circuit verification, today announced that the company has been selected as one of Deloitte’s 2012 Technology Fast 500™ - a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
This is the second year in a row that Berkeley Design Automation has been selected as a Technology Fast 500™ award winner. The company is widely recognized for its technology leadership in nanometer circuit verification via its Analog FastSPICE™ Platform and its rapidly growing market segment share in the electronic design automation industry.
Berkeley Design Automation’s chief executive officer, Ravi Subramanian, credits the combination of the company’s breakthrough nanometer circuit verification technology, worldwide customer success with this new technology, and tremendous execution to account for the company’s revenue growth. He said, "Being selected for the second consecutive year for the Technology Fast 500™ is a great honor for Berkeley Design Automation and demonstrates our tremendous growth track record and market leadership. We are proud to again share this honor with our customers. Our stellar team, innovative products, outstanding customer focus, and execution discipline have helped ensure our strong and consistent year-on-year revenue growth. I would like to thank our customers for fueling this growth via the strong demand for our products.”
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.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have 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. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.