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Search Begins for Fast Growth Tech CompaniesDeloitte & Touche Launches 2000 Canadian Technology Fast 50
Program Search for Year’s and Next Wave of Canada’s Fastest Growing Tech
Companies
TORONTO, April 17, 2000 – Deloitte & Touche commenced its search of Canada’s technology companies today, with a call for nominations for the third annual Canadian Technology Fast 50. The program identifies Canada’s fastest growing technology companies, both public and private, from all technology sectors, including software, biotechnology and manufacturing that are driving accelerated growth in the industry today. “Canada’s technology industry continues to deliver phenomenal growth rates creating more opportunities to be a dominant force in global markets,” says Garry Foster, National Director, High Technology and Telecom, Deloitte & Touche. “In 1999, Canadian Technology Fast 50 recipients achieved an average five year growth rate of 1116.5% compared to their U.S. counterparts in the Technology Fast 500 who averaged 915%.” Deloitte & Touche also announced that all recipients of the 2000 Canadian Technology Fast 50 will be automatically eligible for the Technology Fast 500 for the first time. The 500 fastest growing technology companies in the U.S. and Canada will be identified based on their percentage growth in revenues over a five-year period (1995 – 1999). Based on the rate of growth in the respective markets, 46 of last year’s Canadian Technology Fast 50 recipients would have earned a place in the 1999 Technology Fast 500 ranking of U.S. companies. In addition, Deloitte & Touche has created a new category, Canadian Shooting Stars, to recognize emerging fast growth technology companies. A limited number of these awards will be presented to Canadian technology companies that are experiencing dramatic growth but are not eligible for the Canadian Technology Fast 50 category. Nominations for the 2000 Canadian Technology Fast 50 program will be accepted through to June 26, 2000 with recipients to be announced on September 28. Technology Fast 500 recipients will be published on November 27, 2000. Canadian technology companies can obtain information on how to apply for the 2000 Canadian Technology Fast 50 online by clicking here. Deloitte & Touche is one of Canada’s leading assurance and advisory, tax, and management consulting firms, with over 5,500 people in more than 50 cities across the country. Our firm's multifunctional professionals regularly bring their expertise to developing effective business solutions to clients in all sectors of the Canadian economy. In Quebec, the firm operates as Samson Bélair/Deloitte & Touche. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 90,000 people in over 135 countries. We are a firm of choice – our mission is to help our clients and our people excel. For more information:
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