SAN DIEGO, Oct. 20, 2010 (GLOBE NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions that enable connected home entertainment, today announced that it ranked number 44 and is the fastest growing semiconductor company in the nation on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. Entropic was ranked the number 3 fastest growing company in San Diego, California.
Entropic's revenue grew from $3.7M to $116.3M during this period. Entropic's chief executive officer Patrick Henry credits growing consumer demand for multi-room DVR services and adoption of the Company's MoCA (Multimedia over Coax Alliance) silicon for connected home entertainment by major North American Pay-TV service providers with the Company's 3,027 percent revenue growth. He said, "Entropic is experiencing an extraordinary wave of growth for its connected home entertainment silicon. Our MoCA silicon has truly taken off, as nearly all major service providers have adopted the technology for multi-room DVR. Additionally, international Pay-TV, satellite and broadband service providers are increasingly turning to Entropic for our family of connected home silicon innovations."
"Entropic Communications and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Entropic for this impressive accomplishment."
"Entropic Communications has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com.
About Entropic Communications
Entropic Communications, Inc. (Nasdaq:ENTR) is a leading fabless semiconductor company that is engineering the future of connected home networking and entertainment by providing next-generation silicon and software technologies to the world's leading cable, telco and satellite service providers, OEMs and consumer electronics manufacturers. As a co-founder of MoCA (Multimedia over Coax Alliance), Entropic pioneered and continues to evolve the way high-definition television-quality video and other multimedia and digital content such as movies, music, games and photos are brought into and delivered throughout the home. For more information, visit Entropic at www.entropic.com.
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Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding Entropic's technology, its prospects and its role in the future of home networking, Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, competition, risks associated with Entropic's dependence on a limited number of suppliers, technology risks, the risk that the market for HD video and multimedia content delivery solutions may not develop as the Company anticipates and other factors discussed in the "Risk Factors" section of Entropic's Quarterly Report on Form 10-Q for the three months ended June 30, 2010. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
Editors' Note:
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.