SherWeb Becomes a Two-Year Running Deloitte Technology Fast 50 Winner and Enters the Prestigious Technology Fast 500 Ranking

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Not only did SherWeb access the 2011 Deloitte Technology Fast 50™ Deloitte (rank 16) for a second consecutive year, but also made this year a remarkable entrance in the top 100 of the prestigious North American Deloitte Technology Fast 500™.

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We are living proof that Canadian tech companies with high added value can be competitive in the North American market.

A worldwide leader of hosted services, SherWeb proudly announces that it ranked number 77 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. Companies were evaluated on percentage of fiscal year revenue growth during the period from 2006 to 2010. SherWeb presented an increase in revenues of 1332 percent, thereby winning a 16th place in the Deloitte Technology Fast 50™, a second win in as many years.

“We are living proof that Canadian technology companies with high added value can be competitive in the North American market and our entry into the Technology Fast 500™ demonstrates how SherWeb can claim its place among the most important hosted services providers in the world," says Peter Cassar, president and co-founder CEO of SherWeb.

A remarkable growth rate

Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte, emphasizes the fact that Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery. “SherWeb, as well as both Technology Fast 50™ and Technology Fast 500™ winners in 2011 have shown a remarkable drive for creativity and innovation,” adds Lee. “Deloitte congratulates SherWeb for this significant achievement.”

For SherWeb, it is well deserved awards and greatly appreciated. “The market for hosted services is growing rapidly and the penetration rate increases at a terrific rate. For that matter SherWeb is one of the few Canadian companies to offer email and collaboration solutions such as hosted Exchange 2010 and SharePoint 2010,” stated Peter Cassar.

SherWeb intends to continue this momentum particularly by adding new products to its range of services and by developing new resource tools in the near future.

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

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.

About SherWeb Inc. – A worldwide award-winning hosted services leader, SherWeb specializes in providing competitive email and collaboration solutions to businesses and partners around the world. Founded in 1998, SherWeb is a privately-owned company headquartered in Quebec, Canada. Its 500,000-user customer base spans more than 100 countries. Its service portfolio includes Microsoft Hosted Exchange, OCS, SharePoint hosting, Hosted Dynamics CRM, Hosted BlackBerry, Web hosting, VPS hosting, and more. For more information, visit http://www.sherweb.com.

As used in this document, “Deloitte” means Deloitte LLP. Please see http://www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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Mélanie Sigouin
SherWeb
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