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FOR IMMEDIATE RELEASE:
RuggedCom Inc. (“RuggedCom”) (TSX:RCM), a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments, has been named for the fifth year in a row to the prestigious 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. RuggedCom’s increase in revenue of 969% from 2005 to 2009 resulted in a 25th ranking overall.
For over 13 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, 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 an uncertain global economic recovery” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.“RuggedCom is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come.”
“Delivering the products our customers need, coupled with an intense focus on delighting the customer, is the secret behind the company's 969% growth in revenue,” said RuggedCom President and CEO Marzio Pozzuoli. “RuggedCom is very proud to receive this honour for the fifth consecutive year.”
In order 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 evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
RuggedCom is a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments. RuggedCom’s pioneering leadership in developing technologies and products for the electric power industry delivered the world’s first IEC 61850-3 compliant Ethernet switch suitable for electric utility substation environments, the world’s first IEEE 1613 Class 2 error free communication devices, the world’s fastest network fault recovery and the world’s first fully managed IP67 rated Ethernet switch. RuggedCom's technology solutions include Ethernet switches, network routers, wireless devices, serial servers, media converters, software and professional services. RuggedCom's products are expressly designed for use in challenging environments such as those found in electrical power substations and “Smart Grids”.
The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (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 (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15™ Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.
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