11/14/2002 - Virage Logic, a global leader in application-optimized semiconductor IP platforms, announced that it has been recognized as one of the fastest-growing technology companies in Silicon Valley and North America by Deloitte & Touche in its Fast 50 and Fast 500 companies of 2002. The Fast 50 program ranks the fastest-growing technology companies in Silicon Valley, based on the five-year percentage increase in a company's operating revenues from 1997 to 2001. Virage Logic ranked 20th in the Fast 50 this year, a marked improvement over its ranking of 27th in the 2001 Fast 50 program. For the Fast 500 program, which ranks the fastest-growing technology companies in the United States and Canada overall using the same criteria, Virage Logic ranked 55th, compared with 96th last year. Virage Logic's five-year revenue growth from 1997 to 2001 was 8,508 percent.
"We're pleased to be recognized by Deloitte & Touche for the growth Virage Logic has posted, which reflects strong semiconductor industry demand for semiconductor intellectual property," said Adam Kablanian, president and chief executive officer of Virage Logic. "These trends, along with our strategic positioning as a provider of application-optimized semiconductor IP platforms based on memory, logic and design tools, positions us well to pursue additional market growth opportunities."
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune Magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.
About Virage Logic
Virage Logic (Nasdaq:VIRL) is a global leader in application-optimized semiconductor IP platforms based on memory, logic and design tools that are silicon proven and production ready. Virage Logic meets market demands for cost reduction, while improving performance and reliability for fabless and integrated device manufacturer (IDM) companies focused on the consumer, communications and networking, handheld and portable, and graphics markets. For more information, please contact Virage Logic at (877) 360-6690 (toll free) or (510) 360-8000.
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