The common theme to last night 2007 Deloitte Fast 50 awards banquet was the impact that environmentally friendly companies are doing to contribute to save the planet and the newly added category, Deloitte Technology Green 15. The awards was in regniction of companies that expand across the Greater Toronto Area (GTA), Ottawa and Southwester Ontario.
“Canadian technology companies chart some of the highest revenue growth in North America, while playing in some of the world’s largest, most competitive and exciting market sectors, said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. Over the past decade, Canadian companies have displayed an incredible business acumen and entrepreneurial spirit that we now see emerging in an entirely new field which were recognizing this year with the Deloitte Technology Green 15.”
Other categories that received recognition include: Technology Fast 50 Ranking â€” A ranking of the 50 fastest-growing Canadian technology companies with the highest percentage revenue growth over five years.
Companies-to-Watch Awards â€” This award honours early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 candidate.
Leadership Awards â€” These awards are presented to companies that demonstrate technological leadership in four industry subcategories.
Waterloo-based Sandvine, maker of network equipment for broadband service provides was the big winner of the night for their 42,150% five-year growth. Canada’s pride and joy, Research in Motion (RIM) was recognized for making the Top 50 every year since the programs inception 10 years ago. Looking back at the first time RIM won the award the company had achieved 250,000 million in sales annually and today that is done in a single quarter; the company had 200 employees, today over 7,000 and Canadian offices in Waterloo, Toronto and Halifax. What is their secret, “the success is really about getting 1,000 people to embrace 1 vision”, according to Dennis Kavelman, Chief Operation Officer who was on hand to accept the award.
Some interesting facts:
- 60% of the ranked companies were founded between 1997
- 2001- 53% of ranked companies are software manufactures, 30% are represented by telecommunications; 16% are hardware related; 2% are emerging technologies
- Canadian taxation policies and currency exchange are top of mind according to a survey conducted with this year’s winning CEO’s Many of last night’s winner has very impressive grow including, Waterloo-based Sandvine (mentioned above), followed by Toronto-based PlateSpin (21,519% growth,) a developer of data centre automation software. Two companies share third spot at 16,610%: Ottawa-based BTI Photonic Systems Inc, which makes optical networks and Toronto-based Tira Wireless Inc., whose software enables wireless applications. Rounding out the top five are Toronto-based MyThum Interactive Inc. (13,900%), a mobile interactive media technology- provider and Impact Mobile Inc. (10,455%), which provides mobile marketing solutions.