|Genetec ranked 37th among the Deloitte Technology Fast 50™|
is ranked among the Deloitte Technology Fast 50™, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Genetec's increase in revenues of 423% percent from 2004 to 2008 resulted in a 37th place ranking. This is the fourth consecutive year that Genetec is ranked in the Fast 50™.
For over 12 years, the Deloitte Technology Fast 50™ programme has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award programme, the Deloitte Technology Fast 50™ augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Genetec is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold."
Alain Coté, Genetec's Executive Vice President, credits Genetec's continued focus on customer needs, the extraordinary hard work and creativity of its work force and Genetec's unique position as a leader in highly scalable, highly reliable IP Security solutions with the company's 423% percent revenue growth over the past five years. Mr. Coté said: "We are very proud to have made the Fast 50 list for the fourth consecutive year, showing that we have found a way to keep our growth at a sustainable pace. We are particularly proud to be one of the only self-financed companies to ever achieve such a feat. This is a tribute to everyone who works at Genetec."
Alain Coté credits Genetec's unique position as a leader in highly scalable, highly reliable IP Security solutions
To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organisation; and financial performance.