One of the High Tech Campus’s own recently achieved a remarkable milestone. Aquantia, a leader in Multi-Gigabit Ethernet connectivity launched its Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) on November 3rd, 2017. The Aquantia office in Eindhoven has a dozen employees focussed on complex high-speed analog mixed-mode circuit design. Aquantia’s corporate headquarters are in Silicon Valley, California. In total, the company has more than 240 employees, with other international offices in tech hubs around the world.
“Any company that is in the networking communications space appreciates that you go where the talent is,” said Phil Delansay, Senior Vice President of Business Development and one of Aquantia’s original founders. “About a third of our employees are based in our international offices. That strong, global presence is instrumental in growing the company, unlocking new markets and reaching a point where we could pursue an IPO.”
In 2004, Aquantia was founded with a vision of revolutionizing Ethernet. The company carefully grew its product footprint and developed new technologies to address the growing network strains caused by mobility and data consolidation. The Multi-Gig Ethernet connectivity solutions developed by Aquantia serve a variety of markets and products at both ends of the network, where data is stored and consumed, and where bottlenecks were fast developing.
The key breakthrough came when the Aquantia brain trust decided to focus on updating a technology which was stagnant for 15 years – Gigabit Ethernet. By 2012 Aquantia introduced the world’s first integrated 10GBASE-T MAC/PHY for servers. In 2014, Aquantia introduced a new Multi-Gig Ethernet technology for the Enterprise market and was joined by Cisco and others in co-founding the NBASE-T Alliance. The Multi-Gig technology Aquantia pioneered served as the baseline for the 802.3bz standard that was ratified by the IEEE in September 2016 which is now the basis for all new Multi-Gig implementations on Cat 5e and Cat 6 cabling.
Why an IPO and why now? Aquantia feels they have a significant technological lead over their much larger competitors and this strategic move will help accelerate growth as they venture into extremely large markets like autonomous vehicles. The capital raised and the visibility afforded to public companies help make their products known to new customers.
Delansay said, “The IPO is a huge milestone for Aquantia and the team in Eindhoven will continue to play a key role as we pursue those new markets in Europe which are going to shape the connected home and office of the future and how we approach this paradigm shift towards autonomous driving in our daily lives.”