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CBNL ranked in top 200 of the fastest growing technology companies on the Deloitte Technology Fast 500 EMEA 2010
Cambridge Broadband Networks attributes its 864 per cent revenue growth to geographic expansion and continued technology development.
Cambridge Broadband Networks, the microwave network specialist, today announced that it ranked within the top 200 on the Deloitte Technology Fast 500 EMEA 2010, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years. Cambridge Broadband Networks grew 864 per cent during this period.
Cambridge Broadband Networks’ CFO, Peter Welch, credits expansion in the EMEA region with the deployment of fledgling mobile networks in the emerging markets, with the company’s 864 per cent revenue growth over the past five years. He said:
"We have witnessed strong and accelerated demand for mobile data services over the past couple of years. Cambridge Broadband Networks has been well placed to respond to that demand due to continued investment in its VectaStar platform, which is being widely deployed by operators throughout the world. We expect those deployments to expand considerably and new opportunities emerge in the developing markets. Revenue growth of 864 per cent over a five year period is a considerable achievement and bears testimony to the strength of our VectaStar proposition and Cambridge Broadband Networks ongoing investment in research and development.
“Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry.”
said David Halstead, Deloitte United Kingdom, partner in charge of the Deloitte Technology Fast 500 EMEA programme.
“We congratulate Cambridge Broadband Networks on being one of the 500 fastest growing technology companies in the region.”
In addition to ranking in the Deloitte Technology Fast 500, Cambridge Broadband Networks ranked 36 in the UK Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the UK.
Overall, companies that ranked on the Deloitte Technology Fast 500 EMEA 2010 programme had an average growth rate of 1,192 per cent.