bitHeads Recognized as One of Ottawa's Fastest Growing Companies for 2008

Growth driven by helping other companies build better software products and games more quickly.

Ottawa, Canada (PRWEB) April 25, 2008 -- bitHeads inc., one of North America's largest and fastest growing software product development outsourcing companies, announces that it was ranked fourth on the Ottawa Business Journal's 2008 Fastest Growing Companies list. The list recognizes the fastest growing private companies over a three year period. To qualify, companies must be headquartered in the Ottawa area, have achieved a minimum level of revenue and been cash-flow positive in the three previous years.

bitHeads recently reported that revenue for its fiscal year ending December 31, 2007 was $13.1 million, up 106% compared to the previous year. Growth was driven by new and expanded product development partnerships with companies in the communications, mobile and games industries.

"We've been able to grow consistently and profitably in the face of intense competition from outsourcers based in India, Russia and other lower cost regions," states Scott Simpson, bitHeads CEO. "We attribute our competitiveness mainly to the quality of our people and processes. We invest heavily in our employees and their work environment and we've been rewarded by a highly skilled team with incredible dedication to the cause of building great products for our customers."

About bitHeads
bitHeads is the software product-building partner that has helped 3Com, Adscape Media (now Google), Cryptologic, IBM, Mitel, RIM and many others get award-winning software products and games to market faster. bitHeads' unique approach provides rapid deployment product development teams, a proven methodology for building new products faster and a partnership model based on a commitment to successful delivery. Millions of people around the globe play games and use software products that have been built by bitHeads. For more information, visit www.bitheads.com. For more information on the HeadGames division, please visit www.playheadgames.com.

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