Toronto, Ontario – November 13, 2014 Geotab, an industry leading telematics engineering company, is named as one of North America’s fastest growing technology companies in the Deloitte Technology Fast 500 and Canada’s Fast 50 awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Geotab ranked 406 and 49 respectively with a 187 percent in revenue growth from 2009 to 2013.
“Technology Fast 50 and 500 winners achieve success and strong growth as a direct result of their leadership and commitment to innovation,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50 program. “They make significant contributions to the evolution of the global technology industry.”
Now in its 17th year, the Deloitte Technology Fast 50™ 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.
Geotab's CEO, Neil Cawse, credits innovative research and development programs with creating the company’s innovative, one-of-a-kind, end-to-end telematics solution with the company's 187 percent revenue growth. Cawse said, “This is the fifth consecutive year that Geotab has been recognized on Deloitte Fast 500 Technology Companies list in North America and the fourth year that Geotab has been in the Fast 50 in Canada. Geotab is honored to be recognized again as a company on the rise as we endeavor to become the global telematics and fleet management leader.”
About the Deloitte Technology Fast 50™
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) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca
About Deloitte’s 2014 Technology Fast 500™
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 2009 to 2013. 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.