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Aerohive Networks Recognized by Deloitte as the Fastest Growing Communications/Networking Company in North America for 2014

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Aerohive Networks(R) (NYSE:HIVE) , a leader in Wi-Fi and cloud-managed mobile networking, today announced that is has been ranked the fastest growing Communications/Networking company in the Deloitte Technology Fast 500 awards, and the forty-seventh fastest growing technology company in North America. This prestigious accolade provides a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

News Facts

  • Deloitte Technology Fast 500 award winners for 2014 were selected based on the percentage of fiscal year revenue growth from 2009 to 2013. According to the Fast 500 list, over that period Aerohive’s annual revenue grew 2,811 percent, ranking as the #1 fastest growing Communications/Networking company, and the 47th fastest growing technology company, in North America.
  • In the Fast 500 list for 2013, Aerohive ranked as the 4th fastest growing Communications/Networking company, and the 41st fastest growing technology company in North America based on revenue growth from 2008 to 2012.
  • The software sector led all industry categories, with 241 companies on the list.
  • Aerohive deploys high-performance Wi-Fi and management solutions based on a unique, distributed intelligent architecture that include enterprise-class Access Points; revolutionary, easy-to-deploy Branch Routers; state-of-the-art SR Switch Platforms; and an on-premise or cloud-based network management solution for easy configuration and monitoring.
  • According to the International Data Corporation (IDC) Worldwide Quarterly, the enterprise Wi-Fi market grew 7.7 percent in Q2 2014 over Q2 2013, in significant part due to enterprise requirements around mobility, the Internet of Things and the mass adoption of the latest and fastest 802.11ac standard in Wi-Fi driving network upgrades to next-generation infrastructure. To date Aerohive has grown its customer base to over 17,000 customers worldwide.
  • For more information on Aerohive’s award winning technology, please visit https://www.aerohive.com/solutions/solutions-overview.

Comments

“As trends like BYOD, ubiquitous Wi-Fi, and the cloud continue to be widely adopted, organizations of various sizes across all industries are realizing the importance of choosing a networking infrastructure that simplifies this complexity,” said David Flynn, chief executive officer, Aerohive. “At Aerohive, our continued growth stems from our commitment to providing this primary access layer for easy to deploy, reliable and resilient network connectivity in our enterprise-class networking solutions. We’re honored to have been selected as a recipient of this prestigious award again and look forward to our continued growth and innovation in 2015.”

About Deloitte’s 2014 Technology Fast 500TM

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.

In order 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 five years and be headquartered within North America.

About Aerohive Networks

Aerohive (NYSE:HIVE) unleashes the power of enterprise mobility. Aerohive’s technology enables organizations of all sizes to use mobility to increase productivity, engage customers and grow their business. Deployed in over 17,000 customers worldwide, Aerohive’s proprietary mobility platform takes advantage of the cloud and a distributed architecture to deliver scalable, simplified, secure and cost-effective networks. Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif. For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog, join our community or become a fan on our Facebook page.

“Aerohive,” is a registered trademark of Aerohive Networks, Inc. All product and company names used herein are trademarks or registered trademarks of their respective owners. All rights reserved.

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