Press ReleasePress Release
Bay Microsystems Ranked Number 136 Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500
Attributes its 1,396 Percent Revenue Growth to its Innovative High-Performance Network Processors and Wide Area Virtualization and Extension Solutions
SAN JOSE, Calif., Dec. 9, 2008 – Bay Microsystems, whose products and technology have enabled demanding network applications, such as wide area virtualization and data center extension, and have facilitated the convergence of broadband voice, video, data, and multimedia content in service-provider, enterprise and government networks since 2003, grew 1,396 percent over five years from 2003 to 2007.
“Achieving the growth that has established us as one of the fastest growing companies in North America was made possible through the highly dedicated, results-oriented team here at Bay delivering innovative, high-performance products that enable the deployment of demanding next-generation network solutions,” explained Bay Microsystems’ CEO, Charles Gershman. "Our products and technology enable enterprises and government organizations to deploy mission-critical applications such as wide area virtualization and data center extension today to support global operations while lowering operational costs, increasing efficiencies and improving data security.”
"The Deloitte Technology Fast 500 ranks North America ’s fastest growing technology, media, telecommunications and life sciences companies,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate Bay Microsystems on its ability to achieve such exceptional growth in one of today’s most innovative and competitive market sectors.”
In addition to ranking on Deloitte’s Technology Fast 500, Bay Microsystems ranked 17th on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Silicon Valley.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants m ust own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Bay Microsystems
Bay Microsystems is a leading expert in the field of high-speed communications. The company develops cutting edge network solutions including scalable network architectures, systems, software and highly complex integrated circuits in support of commercial and government initiatives. The company leverages these innovations into products and services that fulfill a wide range of needs within the communications marketplace. Bay’s standards-based solutions enable our customers to architect and deploy the most powerful and secure mission critical communications networks in the world.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Company Contact:
Bill Weisinger
Bay Microsystems
(408) 437-0400
Contact: Info at Bay
Media Contact:
Ken Hagihara
Integritypr.net
(949) 768-4423 ext. 801