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NeoPhotonics today announced the company has been named the second ranked firm in Deloitte's "Technology Fast 50" for Silicon Valley, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations.
Rankings are based on the percentage revenue growth over five years from 2002-2006. Deloitte announced their list of the Silicon Valley Fast 50 companies last night at an event held at the Computer History Museum in Mountain View, CA. Deloitte also designated NeoPhotonics as their eighth ranked company in their Technology Fast 500 Program for North America.
NeoPhotonics Chairman and CEO Tim Jenks credits the company's global expansion strategy with leading communications equipment companies combined with a series of successful product introductions - leveraging the company's planar optical integration and MEMS technology platforms - as well as a strong M&A strategy for NeoPhotonics' revenue growth from 2002-2006.
"Over the last five years we have added the technology and talent from five companies to achieve a robust product portfolio in optical components for access, metro and long-haul networks, with significant market penetration in many regions around the world," said Tim Jenks. "Recognition such as this is a testament to the hard work of the company's more than 2000 employees worldwide."
NeoPhotonics' increase in revenues of 16,169 percent from 2002 to 2006 resulted in a number two ranking in the Internet, Media & Entertainment and Communication category of the Technology Fast 50 for Silicon Valley. According to Deloitte, the average increase in revenues among companies who made the Technology Fast 50 was 1,455 percent.
"Sustaining high revenue growth over five years is an exceptional accomplishment and we commend NeoPhotonics for making the commitment to technology and its financial results to date," said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. "We are proud to honor NeoPhotonics to Deloitte's Technology Fast 50."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and Woodruff-Sawyer & Co.
NeoPhotonics Corporation is a leading developer and vertically integrated manufacturer of photonic integrated circuit based components, modules and subsystems for use in telecommunications networks. Our products include active semiconductor, passive PLC and MEMS multi-dimensional switching functions in a single product. This integration is enabled by integration, nanomaterials and nanoscale design and fabrication technologies. Backed by leading venture capital firms and institutional investors, NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2000 certified engineering and manufacturing facilities in Silicon Valley and Shenzhen, China.
NeoPhotonics and the red dot logo are trademarks of NeoPhotonics Corporation. All other marks are the property of their respective owners.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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