GainSpan Ranked Number 78 Fastest Growing Company in North America on Deloitte's 2013 Technology Fast 500
SAN JOSE, Calif., Nov. 13, 2013 /PRNewswire/ GainSpan Corporation, a leader in ultra-low power Wi-Fi connectivity for the Internet of Things, today announced it ranked 78th 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, and 3 rd among semiconductor companies. GainSpan grew 2500 percent during the reference period.
GainSpan CEO Greg Winner credits the company's revenue growth to its highly integrated Wi-Fi system on chip (SoC) and solution that consumes low power extends battery life significantly and enables the Internet of Things. "Our previous generation of chips and modules brought us to this point, and now with our new GS2000 SoC we foresee accelerated growth," he said. "The Internet of Things is happening now and low power Wi-Fi is a technology of choice to connect a device or appliancesuch as a weight scale, smart thermostat, video camera or audio speakers-to a smartphone or to the cloud.
"As a first-time entrant, being selected a Technology Fast500 company is a tremendous honor and validates our vision in extending Wi-Fi and the Internet Protocol to all kinds of devices," said Winner.
"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."
"The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software,biotech/pharma and internet companies continue to be at the forefront," added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. "The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."
Based on numerous forecasts by Cisco, market research firms and other major industry players, the number of "things" predicted to be connected to the Internet will reach 50 billion devices by 2020. GainSpan wireless solutions areand will continue to bea key enabler of the Internet of Things, making possible a whole new class of line powered or battery powered products for connected home applications, healthcare and fitness, smart energy, commercial and industrial applications and a whole range of consumer devices, among others.