Pure Digital tops Technology Fast 50

MOUNTAIN VIEW, USA: Pure Digital Technologies Inc., with revenue growth of 44,667 percent, tops the Deloitte Silicon Valley Technology Fast 50.

Deloitte Silicon Valley Technology Fast 50 is an annual award program that ranks technology companies located in the Silicon Valley by revenue growth over five years, from 2003 to 2007.

Mark Jensen, partner and national director, Venture Capital Services Group for Deloitte in Silicon Valley, said: "Fast-growing companies like Pure Digital Technologies are proof that challenging economic times can also present great opportunity. The average growth rate of the 2008 list far surpasses the 2007 list, showing that growth and innovation are still very much a part of the Bay Area."

Following are the top finishing companies

Billion Dollar Club:  VMware, Inc., which provides virtualisation solutions from the desktop to the datacentre, was the top finisher in the Billion Dollar Club, with revenue growth of 1,687 percent.

Software and Information Technology:  Pure Digital Technologies Inc., a developer of simple, affordable digital imaging solutions for the mass market, topped the Software and Information Technology category, and was also the fastest growing company on the entire list, with 44,667 percent growth over five years.

Internet, Media & Entertainment and Communications:  MobiTV Inc., a video provider for cell phones, was the fastest growing company in the Internet, Media & Entertainment, Communications category, with five year growth of 33,712 percent.

Scientific & Medical Equipment and Biotechnology: Affymax Inc., a biopharmaceutical company developing drugs to improve the treatment of serious and often life-threatening conditions, topped the Scientific & Medical Equipment and Biotechnology category, with five year growth of 19,605 percent.

Rising Star:  The top company in the Rising Star category is Splunk Inc., an IT search company innovating large-scale, high-speed indexing for IT infrastructures. Splunk recorded three year revenue growth of 13,870 percent. 

Don Valentine, founder of Sequoia Capital, was honored with the 2008 Fast 50 Lifetime Achievement Award for serving as a role model for the Silicon Valley entrepreneurial community.

Source: PR News Wire