Avigilon Recognized as Fastest Growing Technology Company in Canada on
Deloitte Technology Fast 50™
High-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
VANCOUVER, 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
"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.
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.
Press contact: Angela St-Amour Communications Manager (604) 630-3410
SOURCE: Avigilon Corporation
To view this news release in HTML formatting, please use the following URL:
CO: Avigilon Corporation
ST: British Columbia
NI: CPR ELE ENT
-0- Nov/14/2012 20:00 GMT
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