From NimbeLink: "NimbeLink Ranked 318 Fastest Growing Company In North America On Deloitte's 2018 Technology Fast 500"
About Symmetry Electronics Team
Established in 1998, Symmetry Electronics is a focused global distributor of wireless connectivity solutions, sensors, and audio-video technologies. Offering comprehensive design support and available-to-ship inventory, Symmetry is committed to helping engineers accelerate time to market, reduce costs, and offer modern solutions for their IoT designs. Acquired by Berkshire Hathaway company, TTI, Inc. in 2017, Symmetry Electronics is part of the Exponential Technology Group (XTG) – a supergroup of electronic component distributors and engineering services firms working together to advance the electronics industry. For more information, visit www.symmetryelectronics.com.
Company attributes 256 percent revenue growth to broad demand for its embedded cellular solutions for the Industrial Internet of Things (IoT).
Plymouth, MN, November 19, 2018 – NimbeLink, the world’s leading provider of cellular IoT technology, solutions and services, announced it ranked 318th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. NimbeLink grew 256% percent during this period and was the highest ranked company from Minnesota.
NimbeLink’s Co-Founder and Chief Executive Officer, Scott Schwalbe, credits the NimbeLink team and the company’s simple, cellular IoT solutions for the company’s fast revenue growth. Schwalbe said, “We are pleased to receive this recognition, and we’d like to thank our employees and our customers and partners as we drive continued growth for our patented cellular technologies.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21 st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
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About Symmetry Electronics Team
Established in 1998, Symmetry Electronics is a focused global distributor of wireless connectivity solutions, sensors, and audio-video technologies. Offering comprehensive design support and available-to-ship inventory, Symmetry is committed to helping engineers accelerate time to market, reduce costs, and offer modern solutions for their IoT designs. Acquired by Berkshire Hathaway company, TTI, Inc. in 2017, Symmetry Electronics is part of the Exponential Technology Group (XTG) – a supergroup of electronic component distributors and engineering services firms working together to advance the electronics industry. For more information, visit www.symmetryelectronics.com.