Discretix named to Deloitte Israel Technology Fast 50 for second consecutive year
Date: Mon, 12/28/2009 - 13:36
Embedded security solutions leader included in 2009 listing of Israel’s 50 fastest growing tech companies due in part to new business wins from Intel, LG, HTC and others
Discretix, the leading global provider of embedded security solutions, announced it has been named to the 2009 Deloitte Israel Technology Fast 50, the ranking of the 50 fastest growing technology companies in Israel. Discretix, which provides embedded security and digital rights management solutions for many leading semiconductor, mobile device, networking and automotive equipment manufacturers around the world, has enjoyed a five-year growth record of 212%, fueled by business from existing customers along with a host of new business wins in the past year. 2009 marks the second consecutive year Discretix has attained the Deloitte Israel Technology Fast 50.
Deloitte, a leading international professional services firm, sponsors the annual Technology Fast 50, among the most well-known technology award programs. The program honors business growth, technological innovation and Israeli entrepreneurial spirit. Inclusion in the Technology Fast 50 is based on a company’s percentage growth record over the previous five years.
Discretix earned its way into its second consecutive Deloitte Israel Technology Fast 50 due to another round of high-profile design wins; among the customers awarding contracts this year were Intel, HTC and LG. Founded in 2000, Discretix security technologies are found in smartphones, cellular handsets, flash drives, netbooks, Mobile Internet Devices, SoCs (Systems on Chip) and other items made by top manufacturers. The company’s technologies protect the distribution of premium multimedia content and are enabling a range of exciting new services.
“The continued strong pace of development in the embedded security market has benefitted industry leaders like Discretix who put innovation and product quality above all else,” said Gal Solomon, CEO and founder of Discretix. “This coveted ranking in the 2009 Deloitte Israel Technology Fast 50 demonstrates our ongoing commitment to staying at the forefront of one of the most exciting segments of the global high-technology marketplace.”
“Achieving sustained revenue growth of 212% over five years is a tremendous accomplishment for a technology company operating in a competitive world,” said Tai Chen, director in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. “Discretix deserves a lot of credit for its remarkable growth, and we commend them for it.