FOR IMMEDIATE RELEASE:
RuggedCom named to the Deloitte Fast 50
RuggedCom is Named Again to the Deloitte Technology Fast 50 Ranking of the Fastest Growing Technology Companies in Canada
RuggedCom Inc (“RuggedCom”) (TSX:RCM), Woodbridge, Ontario, Canada, October 1, 2009 —
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 fourth 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 513% from 2004 to 2008 resulted in a 30th ranking overall.
“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. “RuggedCom 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.”
“We are extremely proud to make the Deloitte Technology Fast 50 for the fourth year in a row,” said RuggedCom President and CEO Marzio Pozzuoli.
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.
About RuggedCom Inc.
RuggedCom is a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments. RuggedCom's technology solutions include Ethernet switches, network routers, wireless devices, serial servers, media converters, software and professional services. RuggedCom's products are designed for use in harsh environments such as those found in electrical power substations and “Smart Grids”, intelligent transportation systems, industrial process control and military applications. For further information, please visit www.RuggedCom.com.
About the Deloitte Technology Fast 50
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, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.
Contact Information:
For media or industry analyst support, please contact:
Jamie Blakeley
Marketing Communications Coordinator
RuggedCom Inc.
+1 (905) 856-5288
1 (888) 264-0006 toll free