The company was recognized for its 2,658%
increase in revenue growth and is set to accelerate growth
following major acquisitions
TORONTO, Nov. 17,
2022 /PRNewswire/ - Alphawave IP (LSE: AWE), a
global leader in high-speed connectivity for the world's technology
infrastructure, today announced the company has been recognized as
a winner of the 2022 Deloitte Technology Fast 50™ and North
American Technology Fast 500™ award programs for its rapid revenue
growth, entrepreneurial spirit, and bold innovation.
Celebrating its 25th anniversary, Deloitte's Technology Fast 50™
ranks Canada's 50 fastest-growing
public and private technology companies that are transforming the
industry based on the highest revenue-growth percentage over the
past four years. Alphawave IP ranks 10th with a 2,658 percent in
revenue growth from 2018 to 2021.
The winners are automatically eligible for the broader Deloitte
North American Technology Fast 500™ award. Alphawave IP's fast
growth was also recognized and the company ranks 65th for the North
American Technology Fast 500™ list.
Alphawave IP's CEO and cofounder Tony
Pialis, credits the company's innovative, high-speed
connectivity technology for the high revenue growth. "It's a great
honor to receive this award and have our growth recognized in the
North American market. Alphawave is well-positioned to accelerate
its growth with the recent acquisitions of Banias Labs and
OpenFive, which brings custom silicon and optical technology into
our product portfolio, and we are excited to continue our journey
in becoming a leader in the connectivity industry."
"It's inspiring how this year's exceptional cohort of Technology
Fast 50 winners have delivered outstanding revenue growth even in
the face of prevailing uncertainties in the economy and
marketplace," commented Anders
McKenzie, partner and national leader for the Technology
Fast 50 program at Deloitte Canada. "Fueled by exemplary
innovation, creativity, resilience, adaptability, along with
superior business leadership, these companies are paving the way as
catalysts in their respective sectors and delivering growth and
value to the Canadian economy both at home and beyond."
To qualify for the Deloitte Technology Fast 50 ranking,
companies must have been in business for at least four years, have
revenues of at least $5 million, be
headquartered in Canada, own
proprietary technology, conduct research, and development
activities in Canada and invest a
minimum of five percent of gross revenues in R&D.
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 US$50,000, and current-year operating revenues of
at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North
America.
About the Deloitte Technology Fast
50™ program
The Deloitte Technology Fast 50 program is Canada's preeminent technology awards program.
Celebrating its 25th anniversary, the program recognizes business
growth, innovation, and entrepreneurship in four distinct
categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean
Technology, and Companies-to-Watch. The program also recognizes
companies within the North American Technology Fast 500 ranking,
identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include
Deloitte, RBCx, Osler, EDC, CBRE,
Vector Institute, Council of Canadian Innovators (CCI), Clarity
Recruitment, Lafond, and TMX. For further information, visit
www.fast50.ca.
About the 2022 Deloitte Technology
Fast 500™ program
Now in its 28th year, the Deloitte Technology Fast 500 provides
a ranking of the fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies — both public and private — in North America. Technology Fast 500 award
winners are selected based on percentage fiscal year revenue growth
from 2018 to 2021.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 US$50,000, and current-year operating revenues of
at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North
America. For further information, visit www.fast500.com.
About Alphawave IP
Faced with the exponential growth of data, Alphawave IP's
technology services a critical need: enabling data to travel
faster, more reliably and with higher performance at lower power.
Alphawave IP is a global leader in high-speed connectivity for the
world's technology infrastructure. Our IP solutions meet the needs
of global tier-one customers in data centers, compute, networking,
AI, 5G, autonomous vehicles, and storage. Founded in Toronto, Canada in 2017, by an expert
technical team with a proven track record in licensing
semiconductor IP, our mission is to focus on the hardest-to-solve
connectivity challenges. To find out more about Alphawave IP,
visit: awaveip.com
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SOURCE Alphawave IP Group Plc