Haivision Ranks Within the 50 Fastest Growing Technology Companies in Canada With 354 -Percent Growth - - Enters Deloitte Technology Fast 50(TM) List
Haivision Network Video is ranked among the Deloitte Technology Fast 50(TM), a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years.
MONTREAL and CHICAGO - - Sept. 23, 2010 - - Haivision Network Video is ranked among the Deloitte Technology Fast 50(TM), a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Haivision's increase in revenue was 354 percent from 2005 to 2009.
For more than 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. "Haivision 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."
"Technology Fast 50 companies demonstrate revenue growth, technological innovation, and entrepreneurial spirit, and we're proud that Haivision meets this high standard," said Mirko Wicha, president and CEO of Haivision. "Haivision's advances in delivering intelligent IP video networking technology are making an impact across a broad range of markets, and this success has fueled the company's growth and continued market leadership. We are honored to be recognized, along with a select group of dynamic Canadian companies, for the strength of our business and our technology."
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.
Complete information on Haivision products, including recent case studies and application notes, is available within the download center at www.haivision.com.
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About the Deloitte Technology Fast 50(TM)
The Deloitte Technology Fast 50(TM) 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(TM) 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.
About Haivision Network Video
Based in Montreal and Chicago, Haivision Network Video is a private company and a world leader in delivering the most advanced and intelligent IP video networking technology. Haivision's products are deployed worldwide within the foremost Fortune 100 companies; in the most rigorous military and defense applications; in state -of -the -art healthcare facilities for video collaboration and training; in highly renowned educational institutions for IPTV, teaching, and remote learning; in the most efficient interactive broadcast applications; and within the world's leading TelePresence suites. Haivision distributes its products through value -added resellers, system integrators, distributors, and OEMs worldwide.
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