InvenSense ® Named By Forbes' "America's Fastest Growing Tech Companies 2013"
SUNNYVALE, Calif.--(BUSINESS WIRE)-- InvenSense, Inc. (NYS: INVN) , the leading provider of MotionTracking™ devices, was recently named on Forbes' annual list of America's 25 Fastest Growing Tech Companies in 2013. InvenSense secured the #8 ranking, and is the #1 Semiconductor company.
InvenSense's Chief Executive Officer, Behrooz Abdi, credits the company's excellence to MEMS SoC innovation, the ability to produce multiple worlds' first MotionTracking solutions, a world class supply chain, and shipments in high volume to market leading customers. Mr. Abdi stated, "We are honored to be recognized by Forbes as one of the fastest growing tech companies this year. Our ranking on this list demonstrates our ability to provide groundbreaking technology, amidst a challenging economy. This is a tribute to our employees who have worked so fervently to make InvenSense the leader of MotionTracking solutions."
To select the winners, Forbes looked at over 2,100 publicly traded technology companies with minimum revenue of $150 million and a minimum market value of $500 million. The companies had to show sales growth of at least 10 percent for each of the past three fiscal years and over the latest 12 months. Additionally, they needed a three-to-five-year estimated earnings-per-share growth rates greater than 10 percent. The finalists were ranked based on their three-year average sales growth rates.
The full list of "America's Fastest Growing Tech Companies 2013" can be found on the Forbes.com website. Additionally, InvenSense will be featured in the June 24, 2013 print edition of Forbes magazine. For further information about InvenSense MotionTracking devices, please visit our website at www.invensense.com or contact InvenSense Sales at firstname.lastname@example.org.
InvenSense Inc. (NYS: INVN) is the world's leading provider of MotionTracking™ solutions for consumer electronic devices. The company's patented InvenSense Platform and patent-pending MotionFusion™ technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion- and gesture-based interfaces. InvenSense technology can be found in consumer electronic products including smartphones, tablets, gaming devices, optical image stabilization, and remote controls for Smart TVs. The company's MotionTracking products are also being integrated into a number of industrial applications. InvenSense is headquartered in Sunnyvale, California and has offices in China, Taiwan, Korea, Japan, and Dubai. More information can be found at www.invensense.com.
©2013 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, and the InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
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