Desire2Learn Inc.

Desire2Learn Inc.

September 20, 2007 11:35 ET

Desire2Learn Ranked 12th Fastest Growing Technology Company in Deloitte Technology Fast 50

SYNOPSIS: Desire2Learn recognized for innovation, growth and entrepreneurial spirit for second consecutive year in Canada's prestigious Deloitte Technology Fast 50 award

KITCHENER-WATERLOO, ONTARIO--(Marketwire - Sept. 20, 2007) - Desire2Learn Inc., a world-leading provider of mission-critical enterprise eLearning solutions, today announced that the company has been ranked the 12th fastest growing technology company in Canada in the Deloitte Technology Fast 50 award program. The award ranks the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Desire2Learn, an organically-grown and self-funded company, increased its revenues 1929 percent from 2002 to 2006. Over the last decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders and is now Canada's pre-eminent technology award program.

"Transforming technological innovation into business success is hard, and it's especially difficult to sustain such rapid revenue growth over five years. Desire2Learn has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

"Desire2Learn is honoured to be recognized for this prestigious award," said John Baker, Desire2Learn President and CEO. "For more than eight years, Desire2Learn has helped a diverse set of clients improve teaching and learning globally through a relentless dedication to continuous innovation, collaboration and client-driven research and development. Our achievement is a measure of our clients' success."

"Canadian technology companies have some of the highest revenue growth in North America, while playing in some of the world's largest, most competitive and exciting market sectors," explains John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Outstanding companies such as Desire2Learn demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry."

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 subject matter 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

This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Deloitte Technology Fast 50 Ranking, Companies-to-Watch Awards, Leadership Awards, and the Deloitte Technology Green 15 Awards. Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATAAlliance. For further information, visit www.fast50.ca or call 1-888-6FAST50.

About Desire2Learn Inc.

Desire2Learn Inc. is a world-leading provider of enterprise eLearning systems that enable organizations to create teaching and learning environments that reflect their vision, values, goals, pedagogical approaches, and branding. Desire2Learn supports over 4 million learners worldwide and clients include schools, higher education, K-12, as well as associations, government, and other leading organizations. For more information, visit: www.Desire2Learn.com or call 1.888.772.0325.

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