Press release from CNW Group
Avigilon Recognized as Fastest Growing Technology Company in Canada on Deloitte Technology Fast 50?
Wednesday, November 14, 2012
Avigilon Recognized as Fastest Growing Technology Company in Canada on Deloitte Technology Fast 50?15:00 EST Wednesday, November 14, 2012High-definition surveillance designer and manufacturer maintains fastest growing software company on Deloitte Fast 500™ and wins prestigious Leadership Award for creating a distinct competitive advantage in a high growth marketVANCOUVER, Nov. 14, 2012 /CNW/ - Avigilon (TSX:AVO), a leader in high-definition (HD) and megapixel video surveillance solutions, was ranked the fastest growing technology company in Canada by the 15th annual Deloitte Technology Fast 50™ Awards Program and the eighth fastest growing technology company in North America on the Deloitte Technology Fast 500™. This marks the second year that Avigilon has ranked as the fastest growing software company in North America and its third year making the top ten on the Fast 50. The company also won the prestigious Leadership Award in the hardware category for the ability to create a distinct competitive advantage in a high growth market."The Technology Fast 50 Leadership Award celebrates the elite companies in the Canadian technology sector," said Richard Lee, national leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Avigilon has a track record of outstanding accomplishments and possesses a competitive advantage that gives them the potential to rank amongst Canadian companies that have grown into global leaders."Winners for the Leadership Award were selected by a panel of subject matter experts who evaluated applicants on key criteria: growth and market attractiveness, management effectiveness and organization, and financial performance. Avigilon provides award-winning video management software and the industry's broadest range of high-definition surveillance cameras - from 1 to 29 MP - to more than 80 countries around the world."To win the elite Leadership Award, be named the fastest growing technology company in Canada and the fastest growing software company in North America is an incredible honor. This speaks to the hard work and dedication of our team," said Alexander Fernandes, president and CEO of Avigilon."By committing to innovation we can show the world that Canadian technology and manufacturing can compete and win on the global stage."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 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 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, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit http://www.fast50.ca.About Deloitte's 2012 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 2007 to 2011.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.About AvigilonAvigilon (TSX: AVO) is defining the future of protection through innovative high-definition surveillance solutions. Delivering the world's best image quality, our industry-leading HD network video management software and megapixel cameras are reinventing surveillance. Information about Avigilon can be found at www.avigilon.com.SOURCE: Avigilon CorporationFor further information: Press contact: Angela St-Amour Communications Manager (604) 630-3410 firstname.lastname@example.org