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Vision Critical Ranked Fifth Fastest Growing Technology Company in the Deloitte Technology Fast 50

Vision Critical is ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Vision Critical's increase in revenues of 5298 percent from 2003 to 2007 resulted in a number five ranking.

Vision Critical is the highest BC technology company on the Fast 50 list. In 2007, the company placed fifteenth.  

For over a decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50 augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

“Transforming technological innovation into business success is hard, and it’s especially difficult to sustain such rapid revenue growth over five years. Vision Critical has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

Vision Critical's CEO Angus Reid credits the revenue growth to the collaboration of research and technology experts to create a world leading online research platform. Reid said, “The market is demanding more from their research tools and we are delivering. Our most recent software update coming out this fall includes visual questions to keep respondents engaged and interested in answering surveys.”

 “Canadian technology companies have some of the highest revenue growth in North America, while playing in some of the world's largest, most competitive and exciting market sectors,” explains Ruffolo. “Outstanding companies such as Vision Critical demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.”

To qualify for the Deloitte Technology Fast 50 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 evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50 - The Deloitte Technology Fast 50 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 50 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 50 candidate), Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 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, RBC Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO. For further information, visit www.fast50.ca.

Posted on September 25, 2008
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