Activplant Ranked the 49th Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50
Canada’s most prestigious technology award celebrates a decade of Canadian technology
London, September 20, 2007 — Activplant Corporation has been 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. Activplant’s increase in revenues of 347% percent from 2002 to 2006 resulted in a 49th ranking.
Over the last decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders such as Research in Motion (RIM), which has ranked among the Deloitte Technology Fast 50 every year since the program’s inception in 1997. 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. Activplant 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.
Activplant President Chuck Frosst credits innovative technology that increases manufacturers’ operational excellence by identifying constraints and a motivated team with a passion for success for the company's 347% percent revenue growth. “It is an honour to be recognized by the Deloitte Technology Fast 50 for the second year in a row”, said Frosst, Activplant President. “This achievement validates the strength of Activplant’s exceptionally talented team that continues to provide innovative software that delivers tremendous value to our customers.”
“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 Activplant 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 subject matter 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
This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Deloitte Technology Fast 50 Ranking, Companies to- Watch Awards (honouring early-stage Canadian technology companies in business less than five years,) Leadership Awards, (Deloitte Technology Fast 50-ranked companies that demonstrate leadership in each of the four industry subcategories of emerging technologies, hardware, software, and telecommunications) and the Deloitte
Technology Green 15 Awards (honouring companies creating innovative and economically-viable intellectual property in the burgeoning field of green technology).
Deloitte Technology Fast 50 winners are automatically eligible for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATAAlliance. For further information, visit www.fast50.ca or call 1-888-6FAST50.
About Activplant
An enterprise manufacturing intelligence market leader, Activplant’s Performance Management System has set the standard in operational excellence within the world’s largest and most admired manufacturers. Aimed at high-volume, high-automation plants, Activplant’s solution consolidates plant floor data into relevant real-time and historical information, enabling productivity gains by optimizing product, people, equipment and processes. With Activplant solutions, plant managers and manufacturing executives can focus on the key issues in their facilities that ultimately improve product quality, accelerate new product launches and drive performance gains. Activplant is a privately held company based in London, Ontario. For more information please visit www.activplant.com.
For more information, contact:
Activplant Corporation
Donna Araujo
High Road Communications
Tel: (416) 644-2283
Email: daraujo@highroad.com
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