Oakville, Ontario, September 23, 2010 – Geotab, Inc. (“GEOTAB”) is proud to have been named one of the 50 fastest growing technology companies in Canada in the 2010 Deloitte Technology Fast 50™ ranking.
"We are extremely pleased and honoured to be ranked among the top growing companies in Canada. We pride ourselves on technical excellence, delivering what customers want and bringing innovation to business management. Over the past 5 years, our percentage of revenue growth has been 474%, placing us at number 41.” said Neil Cawse, Geotab’s CEO.
Colin Sutherland, Geotab’s VP of Sales and Marketing, said “The attributing factors to this strong growth include our agile capabilities to provide solutions inclusive of hardware, firmware and software. We’ve developed a platform approach to technology problem solving that enables our customers a scalable path to deploy technology that will adapt for future needs.”
This is yet another exciting milestone event for GEOTAB, as the company continues to flourish and grow as a telematics world leader. The company is research and development oriented and is fostering innovative solutions for long-term profitability.
“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.
“GEOTAB 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.”
To qualify for the Deloitte Technology Fast 50TM 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 organization; and financial performance.
To learn more about GEOTAB, please visit our website atwww.geotab.com
About the Deloitte Technology Fast 50TM
The Deloitte Technology Fast 50TM 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 50TM 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 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM 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.