Solium Ranks 36th in the Deloitte Technology Fast 50™ Program
CALGARY, Nov. 14, 2012 /CNW/ – Solium Capital Inc. (“Solium”) (TSX: SUM), a leading global provider of web-based stock plan administration technology and services, announced today that it is named as one of Canada’s fastest growing technology companies in the 15th annual Deloitte Technology Fast 50TM awards. The Fast 50 program recognizes the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Solium’s increase in revenues of 267 percent from 2007 to 2011 resulted in a 36 ranking.
“Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create jobs, and invest in R&D,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Solium is an example of a company that shows passion, determination and drive that are so important for growth in the Canadian technology sector.”
“We are honoured to be recognized by Deloitte among one of the 50 fastest growing technology companies in Canada,” said Mike Broadfoot, CEO and Managing Director of Solium. “Our ranking is a testament to the acceptance of Solium’s industry-leading technology and the Company’s commitment to achieve the first and only equity administration platform with end to end global capabilities on a single platform.”
Now in its 15th year, the Deloitte Technology Fast 50TM program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.
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 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, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.
Solium (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From our operation centers in the United States, Canada, the UK and Australia, our innovative SaaS technology powers share plan administration and equity transactions for more than 2,800 clients with employees in 150 countries. Follow us @Solium and visit us online at solium.com.
CEO and Managing Director
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230