MOUNTAIN VIEW, Calif., April 28, 2016 – The University of South Florida (USF) Alumni Association will honor the 2016 USF Fast 56 – the fastest growing USF alumni-owned or -led businesses in the world – on Friday, April 29, in the Marshall Student Center Ballroom and Oval Theater at USF Tampa.
Palma Ceia SemiDesign is a provider of analog and RF IP for next-generation WiFi and mobile communications and will be one of 56 USF Bull-owned or led businesses inducted into the 2016 USF Fast 56 by USF System President Judy Genshaft and USF Alumni Association Board of Directors Chair Betty Otter-Nickerson.
To be considered for the USF Fast 56 program an organization must have been in business for at least 3 years, have revenue of at least $250,000 for the most recent 12-month period, and be owned or led by a University of South Florida alumnus.
The 2016 USF Fast 56 companies were ranked by percentage of cumulative annual growth in revenue, as documented by Cherry Bekaert, a public accounting firm based in Tampa. Fifty-six USF alumni owned or led businesses were selected as recipients, in recognition of USF’s founding in 1956.
“We’re proud to recognize Palma Ceia as one of the 56 fastest growing USF Bull-led businesses in the world,” said USF Alumni Association Executive Director Bill McCausland. “We look forward to celebrating on April 29, when we’ll reveal the Top 25.”