Outstanding companies such as BTI Photonic Systems demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.
Ottawa, Ontario (PRWEB) September 20, 2007
BTI Photonic Systems, a global supplier of Agile Optical Edge microWDM networking solutions for the delivery of gigabit services, today announced that it has been named the third fastest-growing company in Canada in the 2007 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. This is BTI's second consecutive year to be included.
"It is an honour for BTI to be recognized among such innovative companies and to have increased our ranking to the third position," said Lance Laking, President and CEO, BTI Photonic Systems. "We remain focused on our core competency of providing Agile Optical Edge networking solutions that allow our customers to meet the demands of delivering high-bandwidth applications such as IPTV and mobile Internet."
Over the last decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders such as Research in Motion (RIM), which has ranked among the Deloitte Technology Fast 50 every year since the program's inception in 1997. 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 some of the highest revenue growth in North America, while playing in some of the worlds largest, most competitive and exciting market sectors," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Outstanding companies such as BTI Photonic Systems demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry."
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 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
This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Deloitte Technology Fast 50 Ranking, Companies-to-Watch Awards (honouring early-stage Canadian technology companies in business less than five years), Leadership Awards (Deloitte Technology Fast 50-ranked companies that demonstrate leadership in each of the four industry subcategories of emerging technologies, hardware, software, and telecommunications) and the Deloitte Technology Green 15 Awards (honoring companies creating innovative and economically viable intellectual property in the burgeoning field of green technology). Deloitte Technology Fast 50 winners are automatically eligible for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATAAlliance. For further information, visit http://www.fast50.ca or call 1-888-6FAST50.
About BTI Photonic Systems
BTI Photonic Systems helps service providers respond rapidly and cost-effectively to the demand for bandwidth growth in today's gigabit world. BTI provides Agile Optical Edge fiber systems to expand network fiber capacity by 100X to support the increase in network traffic driven by rich video applications and media content. BTI's Netstender™ platform--the industry's first microWDM system -- extends high-bandwidth transport services to the Optical Edge. By consolidating key transport capabilities (DWDM/CWDM, optical multiplexing, amplification, dispersion compensation and wavelength translation) in a 2U platform, Netstender meets the stringent quality and usability requirements of service providers enabling them to dramatically improve the economics of delivering today's bandwidth hungry broadband internet, video and wireless services. For more information, visit http://www.btiphotonics.com.