Solium Capital Inc. ranked among the Deloitte Technology Fast 50 for third year in a row
Calgary, Alberta, September 29, 2008 – For the third consecutive year, Solium Capital Inc. (“Solium”) has been named to the prestigious Deloitte Technology Fast 50, a ranking of the 50 fastest growing Canadian technology companies, based on the percentage of revenue growth over five years. Solium ranked 18th for 2008, achieving top 20 status for the third straight year.
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.
Solium’s growth of 1,338% from 2003 to 2007 is largely attributed to the evolution of its industry-leading and innovative proprietary software, ShareworksTM, a web-based application for integrated and automated equity incentive and stock plan management. Today, Solium is the dominant provider in the employee stock administration space in Canada and is actively investing for further expansion into the US market.
“Being acknowledged by Deloitte for a third consecutive year in this prestigious ranking is a significant achievement for Solium and a testament to the vision and dedication that has allowed us to be the dominant technology leader in our industry. The innovation and progressive development of the value proposition we offer to the marketplace has been pivotal to Solium’s enviable compound growth and the ultimate longevity of our success,” said Jeff English, CEO of Solium Capital Inc.
“Transforming technological innovation into business success is hard, and it’s especially difficult to sustain such rapid revenue growth over five years. Solium Capital 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.
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 Solium Capital
Solium Capital Inc. (TSX: SUM) is a leading global provider of web-based stock plan administration technology and services. Solium’s integrated solutions enable corporations to automate and manage all stock option and stock purchase plan types, including comprehensive regulatory and financial reporting. Founded in 1999, Solium has since been a disruptive force in the industry, thanks to its proprietary technology Shareworks™ and its innovative approach to simplifying stock plan administration.
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.