Fast 50 companies are entrepreneurial, innovate and demonstrate leadership. Their commitment and achievements are critical to the growth of the Canadian technology sector.”
Calgary, AB (PRWEB) November 13, 2014
CoolIT Systems, the global expert in Direct Contact Liquid Cooling (DCLC™) technologies, is proud to announce that it was ranked 28 on Deloitte’s Technology Fast 50™ and 257 on Deloitte’s Technology Fast 500™ awards for technological innovation, entrepreneurship, rapid growth and leadership, based on 382% of revenue growth over five years.
Now in its 17th year, the Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
“The team is honored to be recognized as one of the leading technology companies in North America,” said CoolIT Systems CEO Geoff Lyon, who credits old fashioned Canadian innovation in combination with highly dedicated employees with the company's 382 percent revenue growth. Lyon said, “Though we have been in business for 13 years, the entrepreneurial spirit is embedded deep within our cultural DNA. At CoolIT we take great pride in working with the world’s leading OEM and chip manufactures to solve the most complex data center cooling issues”.
“Fast 50 companies are entrepreneurial, innovate and demonstrate leadership,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50™ program. “Their commitment and achievements are critical to the growth of the Canadian technology sector.”
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 industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
About CoolIT Systems
CoolIT Systems Inc. is the global leader in Direct Contact Liquid Cooling (DCLC™) for the Data Center and Desktop markets. As an experienced innovator with 44 patents and more than 1.75 million liquid cooling units deployed, CoolIT brings a wealth of design, engineering, and manufacturing knowledge to the table.
CoolIT's Rack DCLC™ platform is a modular, rack-based, advanced cooling solution that allows for dramatic increases in rack densities, component performance, and energy efficiencies. The technology can be deployed with any server and in any rack making it a truly flexible solution that allows for an edge in today's highly competitive marketplace. For further information, visit http://www.coolitsystems.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) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit http://www.fast50.ca.
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