Oakville, November 13, 2013 — Geotab is named as one of North America’s fastest growing technology companies in the Deloitte Technology Fast 500 and Fast 50 awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. With a growth in revenue of 399 percent, Geotab took spot 18 in the Fast 50 and ranked in place 239 for the Fast 500 list.
“Technology Fast 50 and 500 winners achieve success and strong growth as a direct result of their leadership, and commitment to innovation,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications, Deloitte. “They are amongst the elite who transform the technology sector.”
Geotab's CEO Neil Cawse, credits the company’s leadership team and their strategic growth vision with the company's incredible revenue growth. Cawse said, "This is the 4th consecutive year that Geotab has been recognized on Deloitte Fast 500 Technology Companies in North America and the third year that Geotab has been in the Fast 50 in Canada. This is great recognition of the dedication and skill of our employees.”
2013 Deloitte Fast 50Now in its 16th year, the Deloitte Technology Fast 50TM program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.
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 and innovation within the industry) 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, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca
About the Deloitte Technology Fast 500TM
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.