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8:00 | 05.10.2009
Sangoma Ranked Among Fastest Growing Technology Companies in Canada in Deloitte Technology Fast 50(TM)
TORONTO, ONTARIO–(Marketwire – Oct. 5, 2009) – Sangoma(R) Technologies Corporation (TSX VENTURE:STC), a leading supplier of hardware and software enabling server-based voice and data communication applications, announced today that the company has ranked 40th among the Deloitte Technology Fast 50(TM)(http://en.fast50.ca/), a ranking of the 50 fastest growing technology companies in Canada. Sangoma’s revenue growth over five years, from 2004 to 2008, was 383 percent. For more than 12 years, the Deloitte Technology Fast 50(TM) program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50(TM) 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. “Sangoma is an excellent example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold.” “By listening to our customers and continuing to focus on innovation, Sangoma has been able to achieve significant growth over the past five years, despite difficult economic conditions,” said David Mandelstam, CEO of Sangoma. “Being ranked on the Deloitte Technology Fast 50 is an honor and one that we achieved through our highly differentiated connectivity solutions and a global network of partners and customers.” To qualify for the Deloitte Technology Fast 50(TM) 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 subject matter experts evaluates and judges 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(TM) The Deloitte Technology Fast 50(TM) 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(TM) 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(TM) 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(TM) 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 Capital Markets, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca. About Sangoma Technologies Corporation Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma’s data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications. Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at: www.sangoma.com. |
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