Press Releases
BTI Systems Ranked the 20th Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50™
Ottawa — Thursday, October 1, 2009 // BTI Systems is 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. BTI Systems’ increase in revenues of 787 per cent from 2004 to 2008 resulted in a number 20 ranking.
For over 12 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50™ 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. “BTI Systems is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold.”
“This is the fourth consecutive year BTI Systems has attained a ranking on the Deloitte Technology Fast 50,” said Steven Waszak, President BTI Systems. “We attribute this growth to our outstanding base of customers who continue to drive their businesses to leading positions coupled with the BTI team’s ongoing focus on delivery of Intelligent Service Edge solutions for high-bandwidth applications.”
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 evaluates 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 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 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, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.
About BTI Systems
BTI Systems provides multi-service networking platforms to address the increasing demand for packet services, greater optical capacity, dynamic networking, and management simplicity in service-provider and enterprise networks. Comprehensive packet optical capabilities leveraging innovative technologies and modular platforms allow BTI Systems to address a diverse range of applications within metro access, metro, and regional network environments. BTI Systems simplifies the transition to packet-based networking and enables network operators to profitably increase network capacity on demand up to 400Gbps per fiber pair. Leveraging high capacity WDM and integrated packet-based platform capabilities, BTI Systems simplifies network infrastructures and the delivery of video, storage, wired data, wireless data and voice, and media where and when it’s needed.
The BTI Systems portfolio consists of the BTI 7000 Series packet optical networking platform, the BTI 700 Series Carrier Ethernet access device portfolio, and the proNX Management Suite offering element, network, and service management plus strategic planning capabilities.
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