Ra’anana, Israel December 14th, 2015. Celeno Communications, a leading provider of high-performance Wi-Fi chips and software for home networking applications, today announced that it ranked in the top 100 on the Deloitte Technology Fast 500 EMEA 2015, a ranking of the 500 fastest growing technology companies in Europe, the Middle East & Africa. Rankings are based on percentage revenue growth over four years. Celeno grew 874 percent during this period.
Gilad Rozen, CEO of Celeno said: “ We are delighted that for the second consecutive year, Celeno has been ranked in the top tier of the fastest growing technology companies in Israel, and also included amongst the fastest in Europe, the Middle East & Africa in the Deloitte Technology Fast 500. The entrepreneurial spirit, hard work and passion shown by all of Celeno’s team allows us to continue to innovate to build improved Wi-Fi capabilities for the home of tomorrow.”
“Securing a position in the Deloitte Technology Fast 500 is an impressive feat, especially in the highly competitive and rapidly changing environment of the technology industry,” said David Cobb, Deloitte UK and partner in charge of the Deloitte Technology Fast 500 EMEA programme. "We congratulate Celeno on being among the most dynamic and successful technology companies in the region."
This is the second consecutive year that Celeno has been ranked in the Deloitte Technology Fast 500 EMEA following a 9th place ranking in 2014. Celeno has been ranked in the top 10 of the Israel Deloitte Technology Fast 50 in 2014 (5th) and 2015 (9th).
Deloitte Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled by the Deloitte EMEA Technology Fast 50 programme, nominations submitted directly to the Technology Fast 500, as well as public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year operating revenues of at least €800,000.
Entrants may be either public or private companies but must be a ‘technology company’, headquartered in EMEA. A ‘technology company’ is defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues, or manufactures a technology-related product, or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.