Latest Award for Nextivity Recognizes 533 Percent Revenue Growth Following the Launch of Cel-Fi DUO and Cel-Fi PRO Smart Signal Boosters
SAN DIEGO – November 13, 2015 — Nextivity Inc. today announced it ranked No.157 on Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Nextivity grew 533 percent during the eligibility period of 2011 to 2014.
Several factors propelled this growth, including:
- The market introduction of the Cel-Fi PRO and Cel-Fi DUO Smart Signal Boosters®
- The launch of reseller programs in the U.S. and Canada
- Recognition as part of the Small Cell Forum’s Release Two: Enterprise Guidelines
- The addition of Cel-Fi to iBwave’s database of in-building network components
- FCC certification of Cel-Fi for use on AT&T and T-Mobile networks
- The issuing of 8 new patents, and the filing of an additional 7 new patent applications
“Since conceiving of an entirely new class of signal boosters in 2006, we have expanded our international footprint and secured 11 of the top 20 mobile network operators as customers,” said Werner Sievers, CEO of Nextivity. “Throughout this period of significant growth, we have remained a lean operation, which is a testament to the dedication and commitment of our employees in achieving this level of success.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Nextivity Inc.
Headquartered in San Diego, Nextivity Inc. develops the Cel-Fi Smart Signal Booster, which is authorized by more than 169 leading global carriers in 89 countries for use on their networks. Nextivity’s engineering team has leveraged advanced signal processing and intelligent antenna design to develop the world’s only self-configuring, environmentally aware indoor coverage systems. Additional information is available at Cel-Fi.com, on Twitter @5bars, and on Facebook (facebook.com/5bars).
Nextivity, the Nextivity logo, Cel-Fi, and Smart Signal Booster are registered trademarks of Nextivity Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.
Echo Communications (for Nextivity)