Wellington Financial portfolio co’s make up 6 of top 11 2008 Deloitte Tech Fast 50 honourees
25 September 2008Another impressive list of Canadian technology companies was honoured last evening at the 2008 Winners Event hosted by Deloitte at the Park Hyatt in Toronto. The annual list recognizes 50 of Canada’s fastest growing technology companies, both public and private, from all technology sectors.
Other categories were “Companies-to-Watch”, “Technology Green 15″ and “Technology Fast 50 Leadership”.
Wellington Financial joined Gowlings, Growthworks, RBC Capital Markets, Stonewood Group and CATA as a Fast 50 sponsor this year.
More importantly, we were delighted to see seven of our portfolio companies make the list of 50 (up from three in 2007), with six of the top eleven fastest growing tech companies already being Wellington Financial clients. This is a real affirmation of the benefits of venture debt, and further proof that cost-effective growth capital is available for good companies. Four of the top eleven companies are V.C.-backed.
Here are the seven portfolio companies in question, with the 5 year revenue growth figure in brackets:
#1 Nightingale Informatix Corporation (23,078%)
#5 Vision Critical (5,298%)
#8 Oz Communications (2,815%)
#9 Brandimensions Inc. (2,621%)
#10 Impact Mobile (2,507%)
#11 BTI Systems (2,261%)
#32 Truition (499%)
Here’s the link to the Globe and Mail’s coverage of this year’s list.
Congrats to all of the winners. This event is a great affirmation of how the Canadian technology community is succeeding in many quarters, despite the strong headwinds: access to capital, recession fears, currency apprecation, etc.
AO
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