Kitchener, ON November 13, 2013 — Miovision Technologies is named as one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™ awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Miovision’s increase in revenues of 6839 percent from 2008 to 2012 resulted in a #2 ranking.
“Canadian Fast 50 companies innovate, demonstrate leadership, create jobs, and invest in R&D,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications. “They are remarkable companies that show dedication, drive and commitment that are key to growth in the Canadian technology sector.” Miovision’s CEO Kurtis McBride, credits video data collection as a better and more accurate method to collecting traffic data which delivers more value to the customer as a key to the company’s 6839 percent revenue growth. McBride said, “By providing a better and safer method to collect traffic data, we’re providing our customers with what they want, quality data, with the added value of video.”
Now in its 16th year, the Deloitte Technology Fast 50™ program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.
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 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 and innovation within the industry) 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, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
About Miovision Technologies:
Based out of Kitchener, Ontario, Miovision is a technology organization that creates intelligent traffic data collection solutions to address challenges facing today’s transportation networks. Miovision also has a European office in Cologne, Germany and boasts customers across 5 continents and in over 45 countries. For additional information about Miovision, visit the company page at miofrench.wpengine.com.