Press ReleasePress Release
Bay Microsystems Named #15 in the Deloitte’s 2007 Technology Fast 50 Rising Star Program for Silicon Valley
San Jose, CA, October 31, 2007—Bay Microsystems, Inc., the worlds fastest growing supplier of network processors, today announced that it has been ranked #15 in the Rising Star category in Deloitte & Touche USA LLP’s Technology Fast 50 program for Silicon Valley. The Rising Star award is a special designation for fast-growth companies that have been in business a minimum of three years and is part of the Silicon Valley Technology Fast 50 program, which ranks the 50 fastest growing technology, media, telecommunications, and life sciences companies headquartered in Silicon Valley based upon percentage revenue growth over three years (2004 – 2006).
Bay Microsystems is exploiting a dynamic market, driven by an incessant demand for broadband services. The need for such services has created a rich opportunity for high-performance, packet-based networking equipment and Bay’s highly touted 40Gbps Network Processing technology and wide area network (WAN) virtualization solutions fuel for the company’s continued growth and market leadership.
This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and Woodruff-Sawyer & Co.
“The Deloitte Silicon Valley Technology Fast 50 Rising Star companies have shown the strength, vision and tenacity to succeed despite a very challenging technology environment,” said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. “We applaud the successes of Bay Microsystems and acknowledge its place as one of the few to accomplish such a fast growth rate over the past three years.”
“This award is a testament to the dedication, determination and hard work of the entire team here at Bay,” stated Charles Gershman, President and CEO at Bay Microsystems. “We are truly honored to be recognized by Deloitte for our strong performance.”
To qualify for the Technology Fast 50 Rising Star program, companies must be incorporated a minimum of three years and have revenues in only three or four years, have operating revenues of at least $50,000 in 2004 and $5,000,000 in 2006, be headquartered within the San Francisco Bay Area (subsidiaries or divisions are not eligible, unless they have some public ownership and are separately traded), and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.
Rising Star companies are automatically entered in Deloitte’s Technology Fast 500 Rising Star category. Deloitte’s Technology Fast 500 program ranks North America’s top 500 fastest growing technology, media, telecommunications, and life sciences companies based on percentage revenue growth over five years (2002–2006). Its Rising Star ranking is based on percentage revenue growth over three years (2004–2006). For more information on Deloitte’s Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.
About Bay Microsystems
Bay Microsystems is one of industry’s fastest growing communications companies. A recognized global leader in high-performance, programmable network processors, transport processors and WAN system technology, Bay Microsystems and its award winning products enable the delivery of converged voice, video, data and multimedia and have been deployed in mission-critical service provider, enterprise and government networks since 2003. Bay’s customers include many leading government, telecom and network equipment manufacturers. For more information please visit www.baymicrosystems.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
Editor Contacts:
Ken Hagihara, Media Relations Representative
Integrity Public Relations
(949) 768-4423 ext. 801
Steve Manuel, Senior Director of Corporate Marketing
Bay Microsystems
(408) 437-0400 ext. 141
www.baymicrosystems.com