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Product category: Design and Development Software
News Release from: Celoxica
Edited by the Electronicstalk Editorial Team on 08 October 2003

Sales growth is a sign of the (Sunday)
Times

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A 99.43% increase in sales between 2000 and 2002 has won Celoxica a place in the Sunday Times ARM Tech Track 100 for the second year running.

A 99.43% increase in sales between 2000 and 2002 has won Celoxica a place in the Sunday Times ARM Tech Track 100 for the second year running Celoxica ranked 36 in this closely watched ranking of fast-growing UK technology firms

"Focusing on strategic customers and our core competency of increasing system design productivity has allowed us to register spectacular sales growth in every region", commented Phil Bishop, Chief Executive Officer of Celoxica.

"Our strategy is to be the world leader in Electronic Design Automation products and services that allow customers to implement and accelerate complex software algorithms into semiconductor platforms.

We call our implementation methodology software-compiled system design, and as demonstrated by our sales growth, customers are seeing substantial benefits in their system design activities".

With $30 million in funding behind it and a new management team led by Bishop, Celoxica has achieved a compound annual growth rate of 99% between 2000 and 2002.

Now in its third year, The Sunday Times ARM Tech Track 100 annual league table ranks UK technology companies by growth, using the London Stock Exchange's Techmark definition of a technology company, and looking at firms registered in the UK as unquoted ultimate holding companies.

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