Avigilon Recognized as Fastest Growing Technology Company in Canada on Deloitte Technology Fast 50(TM)
VANCOUVER, Nov. 14, 2012, 2012 (Canada NewsWire via COMTEX) --
High-definition surveillance designer and manufacturer maintains fastest
growing software company on Deloitte Fast 500TM and wins prestigious
Leadership Award for creating a distinct competitive advantage in a
high growth market
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 50TM Awards Program and the eighth
fastest growing technology company in North America on the Deloitte
Technology Fast 500TM. 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 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 http://www.fast50.ca.
About Deloitte's 2012 Technology Fast 500TM
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.
Avigilon (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 Corporation
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/14/c8141.html
SOURCE: Avigilon Corporation
Press contact: Angela St-Amour Communications Manager (604) 630-3410
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