Oakville, Ontario, October 20, 2010 – Geotab, Inc. (“GEOTAB”) today announced that it ranked number 208 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
“We are extremely pleased and honored to be ranked among the top growing companies in North America. 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 208.” said Neil Cawse, GEOTAB’s CEO.
Colin Sutherland, Geotab’s VP of Sales and Marketing, said “The contributing 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. Our Clean Tech green technology approach provides solutions that address fuel savings through driver and vehicle health scores.”
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.
“With its remarkable growth from 2005 to 2009, GEOTAB has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America and deserves our congratulations,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte Canada. Deloitte is proud to honor GEOTAB for this accomplishment.”
About the Deloitte Technology Fast 500™
Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent. For additional details on the Technology Fast 500™ including qualifying criteria, visit www.fast500.com