OTTAWA and BOSTON, MA--(Marketwire - Nov 14, 2012) - BTI Systems, the software and networking leader empowering content and service providers to capitalize on trends in mobility, Internet video and cloud services, today announced that it was recognized as one of Canada's fastest growing technology companies in the Deloitte Technology Fast 50™ awards. In addition, BTI was named to Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Deloitte Technology Fast 50 and Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011. During this time, BTI Systems achieved 334 percent growth, helping the company earn Deloitte's coveted dual distinction for a sixth year.
"BTI is extremely honored to be named to Deloitte's Technology Fast 50 and Fast 500 programs. These awards are a true testament to our talented and dedicated global team," said Steve Waszak, President and CEO of BTI Systems. "Our team has continued to deliver the innovation required for success in today's dynamic market, delivering software and networking solutions for mission-critical communications to leading service providers -- enabling broader cell phone coverage, high-speed Internet services, and powering cloud service delivery. BTI competes in the world's most demanding markets and with our experience, innovation and solid customer base, we look forward to accelerating our momentum through the next phase of growth."
"Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create jobs, and invest in R&D," said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group at Deloitte. "BTI Systems is an example of a company that shows passion, determination and drive that are so important for growth in the Canadian technology sector."
Now in its 15th 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 BTI Systems
BTI Systems is the innovative software and networking company delivering solutions that empower service and content providers to capitalize on the increasing demand for bandwidth driven by game-changing and long-term trends in mobility, video and cloud services. With an integrated suite of service management and applications software, and packet optical networking platforms, BTI enables its customers to scale capacity and profitably deliver a mix of high-value applications, services and content to subscribers and businesses around the globe. More than 350 customers rely on BTI to accelerate, optimize and monetize service delivery. Headquartered in North America, BTI operates regional sales, marketing, and R&D centers of excellence throughout the world. For more information, visit www.btisystems.com.