Add to My SourceSecurity | Send to a friend | Email me this article

Genetec ranked 180th fastest growing company in North America

Genetec announced recently that it ranked Number 180 on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.  Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006.  Genetec grew 897% percent during this period.

Genetec's CEO, Mr. Pierre Racz, credits the fact that Genetec took a software-centric approach in a hardware-centric industry sector that was ripe for change and the fact that Genetec took the risk of transitioning its OEM business to a more direct model, thus getting closer to its customers, with the company's 897% revenue growth over the past five years.  He said, "Successful software design depends on close collaboration and interaction between a handful of talented software designers and an active user population."

"Deloitte's Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America's most innovative and competitive sectors," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP.  "We congratulate Genetec on this significant accomplishment."

In addition to ranking on Deloitte's Technology Fast 500, Genetec ranked 24 on the Canadian Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada.