Alphawave IP announced as one of Deloitte's Technology Fast 50(TM) and North American Technology Fast 500(TM) 2022 award winners
PR98859
TORONTO, Nov. 17, 2022 /PRNewswire=KYODO JBN/ --
-- The company was recognized for its 2,658% increase in revenue
growth and is set to accelerate growth following major acquisitions
Alphawave IP (LSE: AWE), a global leader in high-speed connectivity for the
world's technology infrastructure, today announced the company has been
recognized as a winner of the 2022 Deloitte Technology Fast 50(TM) and North
American Technology Fast 500(TM) award programs for its rapid revenue growth,
entrepreneurial spirit, and bold innovation.
Logo -
Celebrating its 25th anniversary, Deloitte's Technology Fast 50(TM) ranks
Canada's 50 fastest-growing public and private technology companies that are
transforming the industry based on the highest revenue-growth percentage over
the past four years. Alphawave IP ranks 10th with a 2,658 percent in revenue
growth from 2018 to 2021.
The winners are automatically eligible for the broader Deloitte North American
Technology Fast 500(TM) award. Alphawave IP's fast growth was also recognized
and the company ranks 65th for the North American Technology Fast 500(TM) list.
Alphawave IP's CEO and cofounder Tony Pialis, credits the company's innovative,
high-speed connectivity technology for the high revenue growth. "It's a great
honor to receive this award and have our growth recognized in the North
American market. Alphawave is well-positioned to accelerate its growth with the
recent acquisitions of Banias Labs (
) and OpenFive (
), which brings custom silicon and optical technology into our product
portfolio, and we are excited to continue our journey in becoming a leader in
the connectivity industry."
"It's inspiring how this year's exceptional cohort of Technology Fast 50
winners have delivered outstanding revenue growth even in the face of
prevailing uncertainties in the economy and marketplace," commented Anders
McKenzie, partner and national leader for the Technology Fast 50 program at
Deloitte Canada. "Fueled by exemplary innovation, creativity, resilience,
adaptability, along with superior business leadership, these companies are
paving the way as catalysts in their respective sectors and delivering growth
and value to the Canadian economy both at home and beyond."
To qualify for the Deloitte Technology Fast 50 ranking, companies must have
been in business for at least four years, have revenues of at least $5 million,
be headquartered in Canada, own proprietary technology, conduct research, and
development activities in Canada and invest a minimum of five percent of gross
revenues in R&D.
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 US$50,000, and
current-year operating revenues of at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be headquartered
within North America.
About the Deloitte Technology Fast 50(TM) program
The Deloitte Technology Fast 50 program is Canada's preeminent technology
awards program. Celebrating its 25th anniversary, the program recognizes
business growth, innovation, and entrepreneurship in four distinct categories:
Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and
Companies-to-Watch. The program also recognizes companies within the North
American Technology Fast 500 ranking, identifying thriving technology companies
in the United States and Canada. The 2022 program sponsors include Deloitte,
RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI),
Clarity Recruitment, Lafond, and TMX. For further information, visit
www.fast50.ca.
About the 2022 Deloitte Technology Fast 500(TM) program
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of
the fastest-growing technology, media, telecommunications, life sciences,
fintech, and energy tech companies — both public and private — in North
America. Technology Fast 500 award winners are selected based on percentage
fiscal year revenue growth from 2018 to 2021.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 US$50,000, and current-year operating revenues
of at least US$5 million. Additionally, companies must be in business for a
minimum of four years and be headquartered within North America. For further
information, visit www.fast500.com.
About Alphawave IP
Faced with the exponential growth of data, Alphawave IP's technology services a
critical need: enabling data to travel faster, more reliably and with higher
performance at lower power. Alphawave IP is a global leader in high-speed
connectivity for the world's technology infrastructure. Our IP solutions meet
the needs of global tier-one customers in data centers, compute, networking,
AI, 5G, autonomous vehicles, and storage. Founded in Toronto, Canada in 2017,
by an expert technical team with a proven track record in licensing
semiconductor IP, our mission is to focus on the hardest-to-solve connectivity
challenges. To find out more about Alphawave IP, visit: awaveip.com (
)
CONTACT: T: 9165274535, E-mail: alphawave@gravitatepr.com
Source - Alphawave IP Group Plc
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。
