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Press release from CNW Group

NexJ Systems Ranked the Sixth Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500?

Wednesday, October 19, 2011

NexJ Systems Ranked the Sixth Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500?08:02 EDT Wednesday, October 19, 2011NexJ also ranked fourth fastest growing company in Canada in the Deloitte Technology Fast 50TM for the second consecutive yearTORONTO, Oct. 19, 2011 /CNW/ - NexJ Systems Inc., (TSX: NXJ) a leading provider of next-generation enterprise private cloud-based customer relationship management solutions (CRM), today announced it has ranked the sixth fastest growing company in North America based on the percentage of revenue growth over five years.  This is also NexJ's second consecutive fourth place ranking in Canada on the Deloitte Technology Fast 50TM."NexJ has continued to demonstrate outstanding growth over the past year through its leadership and vision in private-cloud computing with cutting-edge technology and innovation," said William M. Tatham, Chief Executive Officer, NexJ Systems.  "To continue on its trajectory and remain a high growth company NexJ will continue to invest in sales and marketing, will look to expand in to new geographies, target adjacent sub-verticals, and pursue strategic acquisitions and partnerships."NexJ leverages its innovative Model Driven Engineering framework to deliver an integrated desktop through an enterprise private cloud that empowers users by providing a comprehensive people-centered view of their customers. This fundamental solution differentiation has generated demand from some of the world's most recognizable organizations and has fueled significant growth for the company.NexJ works hand-in-hand with clients in finance, insurance, and healthcare to provide next generation CRM solutions tailored to their unique business needs to ensure each organization can better sell to and service their customers.To qualify for the Deloitte Technology Fast 50TM 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 evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visitwww.fast500.com.About NexJ Systems Inc.NexJ is a leading provider of enterprise private cloud software, delivering customer relationship management (CRM) solutions for financial services, insurance, and healthcare.  Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.NexJ was founded by an executive management team with extensive experience in the successful design and delivery of large-scale, integrated, enterprise software solutions. About the Deloitte Fast 50The 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 in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) 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, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.NexJ Forward-looking StatementCertain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ's securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.For further information: For more information about NexJ Systems call 416-222-5611, e-mail info@nexj.com, or visit www.nexj.com.