SUNNYVALE, Calif.--(BUSINESS WIRE)--InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking™ devices, announced it was ranked the 2nd fastest growing semiconductor company, and 40th overall on Deloitte’s Technology Fast 500™. This is a ranking of the 500 fastest growing media, telecommunication, semiconductor, life science and clean technology companies in North America. InvenSense achieved a compounded annual growth rate (CAGR) of 149% from 2007 to 2011.
“We attribute much of our success to the InvenSense employees who have innovated fervently to make the company a leader in MEMS technology. InvenSense is honored to be recognized by Deloitte’s Technology Fast 500™.”
“InvenSense is positioned well as the demand for 3-, 6- and 9-axis MotionTracking™ devices comprised of gyroscopes, accelerometers and compasses continues to grow from world-class manufacturers of smartphones, tablets, electronic gaming devices, and industrial products,” said Behrooz Abdi, President and CEO of InvenSense. “We attribute much of our success to the InvenSense employees who have innovated fervently to make the company a leader in MEMS technology. InvenSense is honored to be recognized by Deloitte’s Technology Fast 500™.”
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing telecommunication, semiconductor, life science and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
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 five years, and be headquartered within North America.
InvenSense Inc. (NYSE: INVN) is the world’s leading provider of MotionTracking™ solutions for consumer electronic devices. The company’s patented Nasiri-Fabrication (NF) Platform and patent-pending MotionFusion™ technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion- and gesture-based interfaces. InvenSense technology can be found in consumer electronic products including smartphones, tablets, gaming devices, optical image stabilization, and remote controls for Smart TVs. The company’s MotionTracking products are also being integrated into a number of industrial applications. InvenSense is headquartered in Sunnyvale, California and has offices in China, Taiwan, Korea, Japan, and Dubai. More information can be found at www.invensense.com.
©2012 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, 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.