eASIC Rated Third Fastest Growing Semiconductor Company in North America on Deloitte’s 2012 Technology Fast 500
November 14, 2012
Attributes 980 Percent Revenue Growth to Rapid Adoption of eASIC Devices within Major OEM Customers
Santa Clara, CA – November 14, 2012 – eASIC Corporation, a provider of NEW ASICs, today announced that it is rated the third fastest growing semiconductor company on Deloitte’s 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 highand 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," said 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 impressive accomplishment."
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.
Privately held eASIC Corporation is headquartered in Santa Clara, California. Investors include Khosla Ventures, Kleiner Perkins Caufield and Byers (KPCB), Crescendo Ventures, Advanced Equities Incorporated and Evergreen Partners. For more information on eASIC please visit www.easic.com.