|[November 14, 2012]
eASIC Rated Third Fastest Growing Semiconductor Company in North America on Deloitte's 2012 Technology Fast 500™
SANTA CLARA, Calif. --(Business Wire)--
eASIC Corporation, a provider of NEW ASICs, today announced that it is
rated the third fastest growing semiconductor company on Deloitte's (News - Alert)
Technology Fast 500™, a ranking of the 500 fastest growing technology,
media, telecommunications, life sciences and clean technology companies
in North America. eASIC grew 980 percent during this period.
eASIC Corporation's president and chief executive officer, Ronnie
Vasishta credits rapid adoption within major OEM customers with the
company's 980 percent revenue growth. He said, "There is no doubt that
we are seeing a shift towards the use of eASIC devices by customers in
communications, storage and datacenter applications. These customers
need custom silicon to maintain or enhance their differentiation but
traditional SoCs are no longer optimal. Programmable SoC/FPGA
performance is lagging and pricing is high and standard ASIC-based SoCs
simply take too long to design and are not affordable."
"We are proud to honor the 2012 Technology Fast 500™ companies, and
commend them for their outstanding growth," sai Eric Openshaw, vice
chairman, Deloitte LLP and U.S. technology, media and telecommunications
(TMT) leader. "These ground-breaking companies have outpaced their
competition and are reinventing the way we do business today."
"The companies on the Fast 500 list are among those that have
demonstrated remarkable innovation, creativity and business savvy," said
Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for
audit and enterprise risk services (AERS). "As a result, these companies
have continued to successfully forge ahead in a challenging economic
environment. We applaud the leadership and employees of eASIC for this
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.
eASIC is a fabless semiconductor company offering breakthrough NEW ASIC
devices aimed at dramatically reducing the overall cost and
time-to-production of customized semiconductor devices. Low-cost,
high-performance and fast-turn ASIC and System-on-Chip designs are
enabled through patented technology utilizing Via-layer customizable
routing. This innovative fabric allows eASIC to offer a new generation
of ASICs with significantly lower up-front costs than traditional ASICs.
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