Vision Critical

Vision Critical

October 01, 2009 08:05 ET

Vision Critical Ranked One of the Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50™

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) - Integrated research and technology company Vision Critical has achieved a top ten ranking among the Deloitte Technology Fast 50(TM) - the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Vision Critical's increase in revenues of more than 4600 per cent from 2004 to 2008 resulted in a number six ranking in Canada, and the number one ranking in B.C. This year, Vision Critical has seen a 75 per cent increase in first-half gross revenue, compared to the same period in 2008. The Deloitte Technology Fast 50(TM) program has tracked the successful growth of Canadian-grown global leaders for over 12 years.

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Vision Critical is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold."

Angus Reid, CEO of Vision Critical, credits their interactive research approach with the company's 4600 percent revenue growth. "The recession has actually helped us grow at a very fast pace," says Reid. "With many companies looking for cost-cutting options to reach out to customers, we've been able to save top brands a lot of money while actually increasing their research potential. It's a win-win for everyone."

To qualify for the Deloitte Technology Fast 50(TM) 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(TM)

The Deloitte Technology Fast 50(TM) 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(TM) 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(TM) 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(TM) 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, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.

About Vision Critical

Vision Critical is a global research and technology company specializing in custom online panels, private communities, and innovative online methods. Vision Critical delivers both the technology and full service research to help clients build stronger connections with their customers using interactive surveys, discussion forums and 3D environments.

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