Solium Capital Ranked as One of Canada’s Fastest Growing Technology Companies for Four Consecutive Years
Calgary, Alberta, October 8, 2009 — Solium Capital once again ranked among the 2009 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. Solium’s increase in revenues of 457% from 2004 to 2008 resulted in a ranking of 35th.
For over 12 years, 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 50TM augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Solium Capital is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold.”
“Our fourth consecutive year ranking amongst Deloitte’s Technology Fast 50 is a clear reflection of Solium’s unwavering commitment to provide technology innovation and strong customer service to all our clients,” said Jeff English, President and CEO, Solium Capital. “Solium has enabled organizations to automate and simplify the administration of their employee equity programs for 10 years and that track
record has resulted in this continued recognition through Deloitte’s Technology Fast 50TM program.”
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.
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. For further information, visit www.solium.com.
About the Deloitte Technology Fast 50TM –
The 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, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.