Company Attributes 4,600% Revenue Growth to Internet’s Ability to Transform Research.
Vancouver, BC, October 20, 2009 – Today Vision Critical® announced that it ranked number 44 on Deloitte’s 2009 Technology Fast 500 – a ranking of 500 of the fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Vision Critical grew 4,600 percent during this period.
Vision Critical’s CEO, Angus Reid, credits the company’s strategic research approach with the 4,600 percent revenue growth over the past five years. “The recession has actually helped us grow at a very fast pace,” says Reid. “With many companies looking for cost-cutting options to reach out to customers, we’ve been able to save top brands a lot of money while actually increasing their research potential. It’s a win-win for everyone.”
Vision Critical’s number 44 ranking is a rapid rise to the top over previous rankings. In 2008, the company ranked number 54 in Deloitte’s Technology Fast 500. It ranked number 108 in Deloitte’s 2007 Technology Fast 500.
Deloitte’s Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth. We congratulate Vision Critical on this accomplishment.
“With its impressive five-year growth, Vision Critical has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Deloitte is proud to honor Vision Critical for its achievement.”
Overall, companies that ranked on the 2009 Technology Fast 500 had an average growth rate of 2,486 percent.
About the Technology Fast 500™
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five-year period from 2004 to 2008.
In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500™ award eligibility requirements also include 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. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
