Published on 29 September, 2010
|Avigilon is the performance and value leader in high definition (HD) and megapixel video surveillance systems|
, the performance and value leader in high definition (HD) and megapixel video surveillance systems, announced that it has been 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.
Avigilon's revenues increased 33,664 percent from 2005 to 2009 - making it the fastest growing company in Western Canada and among the top five fastest growing companies in Canada. "Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery,"
said John Ruffolo, National Leader, Technology, Media & Telecommunications industry group, Deloitte. "Avigilon has the determination, drive and skill that will serve to position them for further growth and success in the years to come."
Alexander Fernandes, President and CEO, credits the company's expanding portfolio of advanced HD surveillance solutions, exceptional team, and a global network of integration partners with the company's 33,664 percent revenue growth. "Despite challenging economic conditions, the global demand for Avigilon's High Definition surveillance solutions continues to grow. Being ranked among the Deloitte Technology Fast 50™ validates the outstanding efforts of our team to deliver innovative and cost-effective HD surveillance solutions to customers around the world."
For more than 13 years, the Deloitte Technology Fast 50™ programme has tracked the successful growth of Canadian-grown global leaders. 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.