Wifi Revolution

Delivering a wide range of high-quality broadband access solutions, Novatel Wireless, has announced it entrant into Deloitte's (News - Alert) prestigious Wireless Fast 50 rankings.

 

It is a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA, a professional services organization. The rankings were declared based on the percentage revenue growth over five years from 2002 to 2006.

 

"The Fast 50 awards serve as a benchmark for success in a very competitive industry and validates the dedication and hard work of our entire organization," said Rob Hadley, senior vice president, worldwide sales and marketing, Novatel Wireless (News - Alert). "We are proud to receive this distinction for the fifth consecutive year."

 

Through their extensive expertise, Novatel Wireless earned its number one position with a revenue growth of 655 percent from 2002 – 2006. Along with facilitating and improving operational efficiencies, the company continues to offer products like ExpressCards, PC cards, USB devices, embedded modules, and ruggedized modems.

 

"The wireless industry is on the cusp of great changes as new technologies such as WiMax and 3G upend the market, and yet, we are only scratching the surface of what is possible," said Phil Asmundson, vice chairman, U.S. Technology, Media & Entertainment and Telecommunications, Deloitte & Touche USA LLP. "The Deloitte Wireless Fast 50 awards underscore the potential for both innovation and business performance in this evolving sector. These companies have achieved sustained growth while navigating constant change and are beacons of a promising future for the wireless industry."

 

Some of the criteria for the Technology Fast 50 is the completion of a minimum of $50,000 in operating revenues in 2002 and a minimum of $5,000,000 in 2006. The company should also be headquartered in San Diego County and should own proprietary technology that contributes to a significant portion of its operating revenues.

 

Satisfying all the above mentioned criteria, Novatel Wireless is now eligible to enter to the Fast 500 program which ranks the top 500 companies in North America.

 

 

 

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