Attributes 787% Percent Revenue Growth to Technology and Outstanding Execution
SANTA CLARA, Calif. — (BUSINESS WIRE) — October 19, 2011 — 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 2011 Technology Fast 500™ - a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. During this period, Berkeley Design Automation’s revenue grew 787%, while its customer base grew to over 110 semiconductor companies worldwide. The company is widely recognized for its technology leadership via its Analog FastSPICE™ Platform and its growing market share in the electronic design automation industry. Berkeley Design Automation is the only EDA company selected for this year’s ranking.
Berkeley Design Automation’s chief executive officer, Ravi Subramanian, credits the combination of the industry’s rapid move to nanometer mixed-signal design starts, the company’s breakthrough verification technology, widespread customer success with this new technology, and tremendous execution to account for the company’s revenue growth. He said, "This is a prestigious honor for Berkeley Design Automation, and we would like to share this honor with our customers. Our stellar team, strong technology base, innovative products, outstanding customer focus, and execution discipline have helped ensure our strong and consistent year-on-year revenue growth, even as we faced challenging economic times. I would like to thank our customers for fueling this growth via the strong demand for our products.”
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte 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 2006 to 2010. 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.
About Berkeley Design Automation
Berkeley Design Automation, Inc. is the recognized leader in nanometer circuit verification. The company combines the world’s fastest nanometer circuit verification platform, Analog FastSPICE, with exceptional application expertise to uniquely address nanometer circuit design challenges. More than 100 companies rely on Berkeley Design Automation to verify their nanometer-scale circuits. Berkeley Design Automation has received numerous industry awards and is widely recognized for its technology leadership and contributions to the electronics industry. The company is privately held and backed by Woodside Fund, Bessemer Venture Partners, Panasonic Corp., NTT Corp., IT-Farm, and MUFJ Capital. For more information, visit http://www.berkeley-da.com.
Analog FastSPICE, AFS Nano, and WaveCrave are trademarks of Berkeley Design Automation, Inc. Berkeley Design and BDA are registered trademarks of Berkeley Design Automation, Inc. Any other trademarks or trade names mentioned are the property of their respective owners.
PR for Berkeley Design Automation – Cayenne Communication LLC
Michelle Clancy, 252-940-0981