162 Percent Revenue Growth as a Result of Continued Adoption of InvenSense MEMS Sensor Platform Solutions
SAN JOSE, Calif.–(BUSINESS WIRE)–Nov. 13, 2015– InvenSense, Inc. (NYSE:INVN), a leading provider of MEMS sensor platform solutions, announced it has been ranked 393rd among Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. InvenSense grew by 162 percent from 2011 to 2014. In 2015, InvenSense ranked as the 6th fastest growing semiconductor company in North America.
“For the 4th year in a row, InvenSense has ranked in the top 10 of Deloitte’s Technology Fast 500™ semiconductor companies,” said Behrooz Abdi, president and CEO of InvenSense. “We are fast emerging as a strong IoT company, bringing new innovations to market with our ‘Sensing Everything’ platform. We have made significant progress on several growth initiatives this year, including increased content, market diversification, and new sensors built on our proprietary technology platform. I’d like to thank the InvenSense employees for their hard work and commitment, making this achievement possible.”
For additional information on InvenSense, please visit www.invensense.tdk.com or contact InvenSense Sales at email@example.com.
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2011 to 2014.
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 four years and be headquartered within North America.
InvenSense, Inc. (NYSE:INVN) is the world’s leading provider of MEMS sensor platforms. The company’s patented InvenSense Fabrication Platform and MotionFusion® technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion-, gesture- and sound-based interfaces. InvenSense technology can be found in Mobile, Wearables, Smart Home, Industrial, and Automotive products. InvenSense is headquartered in San Jose, California and has offices in Boston, China, Taiwan, Korea, Japan, France, Canada, Slovakia and Italy. More information can be found at www.invensense.tdk.com or follow us on Twitter at @InvenSense.
©2015 InvenSense, Inc. All rights reserved. InvenSense, Sensing Everything, FireFly, UltraPrint, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, InvenSenseTV, DMP, AAR, and the InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
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Source: InvenSense, Inc.