Avigilon, the performance and value leader in high definition (HD) and megapixel video surveillance systems, today announced that it has been ranked among the 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. Avigilon’s revenues increased 33,664 percent from 2005 to 2009—making it the fastest growing company in Western Canada and among the top five fastest growing companies in Canada.
“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery,” said John Ruffolo, national leader, technology, media & telecommunications industry group, Deloitte. “Avigilon has the determination, drive and skill that will serve to position them for further growth and success in the years to come.”
Alexander Fernandes, President and CEO credits the company’s expanding portfolio of advanced HD surveillance solutions, exceptional team, and a global network of integration partners with the company’s 33,664 percent revenue growth. “Despite challenging economic conditions, the global demand for Avigilon’s High Definition surveillance solutions continues to grow. Being ranked among the Deloitte Technology Fast 50™ validates the outstanding efforts of our team to deliver innovative and cost-effective HD surveillance solutions to customers around the world.”
For more than 13 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. 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 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 50™
The Deloitte Technology Fast 50™ program (fast50.ca) 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 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, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS, and IGLOO Software.
Avigilon (avigilon.com) designs, manufactures, and markets award-winning HD surveillance systems. The performance and value leader, Avigilon’s solutions protect and monitor thousands of customer sites in more than 60 countries around the world. Avigilon Control Center, the world’s first open HD Network Video Management Software platform, and megapixel cameras deliver full situational awareness and actionable image detail. Campuses, transportation systems, healthcare providers, public venues, infrastructure, and manufacturing sites with security, safety validation, and compliance requirements all benefit from reduced investigation time and more successful investigations by immediately producing indisputable video evidence. Avigilon earned Frost & Sullivan’s Company of the Year award in 2009 and the Frost & Sullivan Global Video Surveillance New Product Innovation of the Year award in 2010.