TransGaming Inc.
TSX VENTURE : TNG

TransGaming Inc.

November 13, 2013 08:39 ET

TransGaming Ranks 26 in the Deloitte Technology Fast 50™ Program

TORONTO, ONTARIO--(Marketwired - Nov. 13, 2013) - TransGaming Inc. 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. TransGaming's increase in revenues of 288 percent from 2008 to 2012 resulted in a 26 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."

TransGaming CEO Vikas Gupta credits the company's innovative and diverse product line of industry leading technologies, GameTree TV, the definitive, family friendly games on demand service; Swiftshader, the world's fastest pure-software 3D rendering technology; and Cider, the company's translation technology that enables PC games to play on Apple's Mac platform, as the drivers of the company's 288 percent revenue growth. Gupta said, "TransGaming is honoured to be named 26th on the list of Deloitte Technology Fast 50™ awards and this is recognition of our unique product line and hard work over the past few years. Being part of one of the most exciting industry sectors has allowed us the chance to work with and license our technologies to some of the biggest corporations in the world. We are as enthusiastic as ever about the future of TransGaming and believe we are ideally positioned to take advantage of opportunities in the always evolving technology sector."

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 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, grown, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50 - 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 http://www.fast50.ca.

About TransGaming Inc. - TransGaming Inc. (TSX VENTURE:TNG) is the global leader in developing and delivering platform-defining social video game experiences to consumers around the world. From engineering essential technologies for the world's leading companies, to engaging audiences with truly immersive interactive experiences, TransGaming fuels disruptive innovation across the entire spectrum of consumer technology. TransGaming's core businesses span the digital distribution of games for Smart TVs, next-generation set-top boxes, and the connected living room, as well as technology licensing for cross-platform game enablement, software 3D graphics rendering, and parallel computing. Visit us at http://transgaming.com

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