Siklu Selected for 2012 Red Herring Top 100 Europe
Fast-growing Siklu, the wireless backhaul specialist, has been named by Red Herring to its Top 100 Europe list of promising startup companies worth looking at for their innovations and technologies.
Siklu, whose high capacity gigabit wireless backhaul solutions support next generation 4G/LTE and broadband bandwidth requirements, at the lowest cost in the industry, has established itself as a leading company in the wireless backhaul over millimeter wave market, thanks to its strong sales performance in 2011.
Last year, more than 1000 EtherHaul links were installed. With continued strong sales of EtherHaul links so far in 2012 – running successfully under varying weather conditions all over the world – Siklu continues its impressive growth as it readies its LTE small cell backhaul product portfolio for introduction in 2013.
“We are honored to be named the Red Herring Top 100 Europe” says Itzik Ben-Bassat, Siklu’s CEO. “Siklu's game-changing EtherHaul systems will continue to play a significant role in growing mobile backhaul and business services networks. The integrated all-silicon Siklu approach resulting in ultra-low-cost and 'invisible' footprint systems represents a key stepping stone to the mass deployment of small cells."
Red Herring’s Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and
discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Siklu embodies the vision, drive and innovation that define a successful entrepreneurial venture. Siklu should be proud of its accomplishment, as the competition was the strongest it has ever been.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.
Siklu has been committed to reducing the cost of high capacity wireless backhaul solutions since 2008. The company's success centers on an innovative silicon-based design of the E-band radio system and components that has resulted in systems priced as low as 20% of competition. The EtherHaul delivers Gigabit speeds over the uncongested millimetric wave spectrum and is ideal for a wide range of urban and metropolitan Ethernet wireless backhaul applications. Serving providers around the world, Siklu Communication is based near Tel Aviv, Israel. Learn more at www.siklu.com.