Averna Ranked Number 315 Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™

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Attributes Its 269 Percent Revenue Growth to Innovative Manufacturing Test and Quality Management Solutions

Averna today announced that it ranked number 315 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. Averna grew 269 percent during this period.

Averna’s President and Chief Executive Officer, Pascal Pilon, credits the company’s many innovations – including Proligent® for Manufacturing Test and Quality Management – with Averna’s 269 percent revenue growth. He said “Averna’s continuous ranking year after year reflects our innovative solutions, renowned test-engineering services, awarding-winning RF Test Instruments and global expansion to reach new clients and serve our North American OEM clients’ deployment of test systems in low-cost manufacturing locations in Eastern Europe, Mexico and Asia.”

“Averna and all the Technology Fast 500™ winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges,” said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte congratulates Averna for this significant achievement.”

“We are pleased to honor Averna as one of the 2011 Technology Fast 500,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Averna has demonstrated technological innovation, entrepreneurship and rapid growth.”

For additional details on the Technology Fast 500™, including selection and qualifying criteria, visit http://www.fast500.com

About Averna
Averna is a premier manufacturing solution provider for communications and electronics device makers worldwide, helping them deliver a better end-user customer experience. Key Averna clients in the communications, aerospace, defense, automotive, consumer electronics, and medical device industries use Proligent®, RF Test Instruments, and other test solutions to accelerate product development, reduce manufacturing costs, achieve superior quality throughout the lifecycle, and solve critical supply chain issues.
Averna has offices and sales partners around the world. Incorporated in 1999, Averna is a Best in Test award winner and an Ernst & Young Entrepreneur of the Year® 2009 recipient and since 2007 has been honored as one of the Deloitte Fast 500 fastest-growing technology companies in North America.

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 50™ 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™ 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, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit http://www.fast50.ca.

Averna Contacts
For more information, please contact: Michel Besner, Vice President Marketing & Strategic Business Development, Averna. Tel.: +1 514-842-7577, ext. 666. michel.besner(at)averna(dot)com
Julia Glenister, Proligent PR representative, JAGWIRE Group. Tel.: 415-459-3688. JAG(at)jagwiregroup(dot)com


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Michel Besner
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