Celeno Ranked 8th Fastest Growing Technology Company in Deloitte Technology Fast 500 EMEA 2014

RAANANA, Israel - Dec. 1, 2014 - PRLog -- Ra’anana, Israel November 30^th, 2014Celeno Communications, (http://www.celeno.com/) a leading provider of high-performance Wi-Fi chips and software for home networking applications, today announced that it ranked 8^th on the Deloitte Technology Fast 500 EMEA 2014, a ranking of the 500 fastest growing technology companies in Europe, the Middle East & Africa. Rankings are based on percentage revenue growth over five years. Celeno grew 17,773 percent during this period.

Gilad Rozen, CEO of Celeno, was delighted to be chosen: “To be ranked in the top 5 fastest growing technology companies in Israel and now the 8^th fastest in Europe, the Middle East & Africa in the Deloitte Technology Fast 500 is testament to the entrepreneurial spirit and years of hard work and innovation by our team. The fast pace at which we have grown is a result of the  impact of Celeno’s technology and the potential it has to revolutionize Wi-Fi capabilities in the home, as well as  our growing global footprint in an ever-expanding international customer base.”

Celeno provides high-performance Wi-Fi chips and software for demanding home networking applications. The company's OptimizAIR™ 2.0 technology enables the provisioning, enforcement and dynamic allocation of Wi-Fi air time capacity to different virtual networks and even different clients all served by the same Wi-Fi Access Point. These virtual networks may be used for different services such as Internet access, Hot spot services, cellular offload, video on managed clients (STBs) and non-managed clients (tablets and smartphones), OTT video, best effort data, smart home apps and more. This presents service providers with new service business models and monetization opportunities and improves Quality of Service (QoS) and Quality of Experience (QoE), reducing service calls and operating expenses.

“Securing a position in the Deloitte Technology Fast 500 is an impressive feat, especially in the highly competitive and rapidly changing environment of the technology industry,” said David Halstead, Deloitte UK and partner in charge of the Deloitte Technology Fast 500 EMEA programme. "We congratulate Celeno on being among the most dynamic and successful technology companies in the region."

In addition to ranking in the Deloitte Technology Fast 500, Celeno ranked 5th in the Israel Deloitte Technology Fast 50 in 2014.

On average, ranking companies on the Deloitte Technology Fast 500 EMEA 2014 program had an overall growth rate of 1,711 percent.

Deloitte Technology Fast 500 EMEA selection and qualifications

The Technology Fast 500 list is compiled by the Deloitte EMEA Technology Fast 50 programme, nominations submitted directly to the Technology Fast 500, as well as public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year operating revenues of at least €800,000.

Entrants may be either public or private companies but must be a ‘technology company’, headquartered in EMEA. A ‘technology company’ is defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues, or manufactures a technology-related product, or devotes a high percentage of effort to the research and development of technology.  Using other companies' technology in a unique way does not qualify.

About Celeno Communications

Celeno provides high performance Wi-Fi chips and software for demanding home networking applications. Celeno’s extensive chip portfolio and OptimizAIR™ technology enable the wireless distribution of multiple and simultaneous HD video streams throughout the home with the highest levels of performance and reliability while ensuring a superlative quality of service and user experience. Celeno’s field-proven chips have been integrated into numerous OEM Wi-Fi devices and have been deployed with over 75 service providers worldwide. Founded in 2005, the company is backed by blue chip investors including Cisco Systems, Greylock IL, Liberty Global, Pitango Venture Capital and Vintage Investment Partners. www.celeno.com

About Deloitte Technology Fast 500™ EMEA

The Deloitte Technology Fast 500 EMEA programme is the region’s most objective industry-ranking to focus on the technology field, recognising technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.

The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneurs with aspiration for greatness in the IT and clean technology sectors across Europe, Silicon Valley Bank, the premier bank for technology, life science, private equity and premium wine businesses and Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow. More information on the programme and prior year winners is available on www.deloitte.com/fast500emea.

About Deloitte

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.