Connect One Makes Deloitte Technology's Fast 50 List for Rapid Growth |
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Connect One Semiconductors, Inc.
15818 North 9th Ave.
Phoenix, AZ, 85023
USA
Press release date: October 30, 2007
Fast 50 Placement achieved by Israel's fastest growth companies
San Jose, CA, October 30, 2007 - Connect One(TM), the Device Networking Authority(TM), is proud to annouce that Connect One was named Number 11 on the 2007 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel.
To determine the fastest growing companies, Deloitte reviewed fiscal year revenues of high-technology public and private companies over five years (2002-2006), calculated the revenue growth percentage over five years, and compared the growth of technology companies. Despite signfiicant economic challenges in the embedded space, Connect One has achieved 2400 percent growth in the last five years. Making this list marks a significant accomplishment for Connect One.
"Achieving sustained revenue growth of 2400 percent over five years is a tremendous accomplishment for a technology company operating in a competitive world," said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Israel Technology Fast 50 Program. "Connect One deserves a lot of credit for its remarkable growth, and we commend them for it."
Connect One has developed cutting-edge, industry-leading secure IP networking solutions since it was founded in 1996. With many first-to-market developments to its name, Connect One has pioneered the Internet controller concept and is solely responsible for the AT+i protocol, an industry-standard protocol for connecting everyday devices to the Internet that Connect One released publicly in 1998. Connect One's most recent product, the iChip CO2128 provides a secure firewall and reliable TCP/IP connectivity for everyday devices and products connected to LAN, GPRS, WiFi and other IP networks.
The connectivity that Connect One provides underlies many of the modern automation conveniences now taken for granted in applications such as point-of-sale machines, medical devices, security systems and fleet management terminals-applications commonly grouped under the umbrella of machine-to-machine (M2M).
"Connect One is honoured to be ranked among the Deloitte Israel Technology Fast 50," confirmed Amir Friedman, CEO of Connect One. "Much of our growth stems from customers recognizing the tremendous advantage of connecting their products to IP networks and achieving a secure and reliable connection using Connect One's chips and solutions. Applications such as point-of-sale, security systems and fleet management have moved quickly to adopt IP connectivity, and other applications are following suit. We see continued strong growth as we move forward into more M2M applications and continue to ride the adoption curve of the existing ones."
Notably, this award follows fast on the heals of the 2007 M2M Value Chain Award received by Connect One in May 2007. The Value Chain Awards honor the most successful adopters of M2M technology and the team of solution providers that made their successes possible.
About Connect One
Established in 1996, Connect One Ltd. is widely regarded as the device networking authority, with many innovative firsts to its credit. The company manufactures semiconductors and device servers that facilitate secure, reliable and robust Internet Protocol-based communication for everyday devices. Connect One is privately owned, with offices in San Jose, CA, Hong Kong, Japan and Kfar Saba, Israel. For further information, please visit our Web site at www.connectone.com or send an e mail to info@connectone.com.
Contact: Janice Hughes Media Relations Tel: 705-751-9740 Cell: 705-774-8686 janice@hughescom.net Udi Yuhjtman President, Connect One Semiconductors Tel: 408-572-5675 Fax: 408-572-5601 udi@connectone.com
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