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Kotura Ranked 131st Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500(TM)
Silicon Photonics Company Achieves 848 Percent Revenue Growth
By: Marketwire .
Nov. 27, 2012 10:00 AM
MONTEREY PARK, CA -- (Marketwire) -- 11/27/12 -- Silicon photonics innovator Kotura, Inc. today announced it ranked 131st 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. Award winners were selected based on percentage fiscal year revenue growth from 2007 to 2011. During that span, Kotura revenue increased by 848 percent.
With a concerted focus on advancing communications through the application of silicon photonics to create faster, limitless access to digital information, Kotura is recognized as a leader in its field. The company's recently-introduced Optical Engine provides an inexpensive, small form factor that reduces power consumption to deliver fast, high-speed communications. Photonic integrated chips from Kotura address pressing bandwidth and performance needs of cloud computing, virtualization, high performance computing among other data intensive applications.
"The silicon photonics market continues to grow at a very rapid pace," said Jean-Louis Malinge, Kotura president and CEO. "Our expertise in applying silicon photonics to the telecommunications industry has expanded to additional markets like data centers and high performance computing that have new requirements for high speed, low power data transfer. We are delighted that our efforts have resulted in being named to the Deloitte Technology Fast 500."
"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 Kotura for this impressive accomplishment."
Overall, 2012 Technology Fast 500 companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent. A complete list of rankings can be found at www.fast500.com.
About Deloitte's 2012 Technology Fast 500
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.
About Kotura, Inc.
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