SOURCE: Tuangru

Tuangru

November 16, 2016 05:01 ET

Tuangru Named One of Canada's Companies-to-Watch in the 2016 Deloitte Technology Fast 50™ Awards

VANCOUVER, BC--(Marketwired - November 16, 2016) - Tuangru Holdings Inc., a leading data center technologies marketplace and infrastructure management (DCIM) platform, today announced it was recognized with a Companies-to-Watch Award, as part of the Deloitte's Technology Fast 50™ Awards for its innovative technology, leadership and early stage growth.

Now in its 19th year, the Companies-to-Watch Award honors early-stage Canadian technology companies in business for less than four years. The winners are selected based on the potential they show for future growth. They exemplify many characteristics of Deloitte Technology Fast 50 ranked companies.

Tuangru's president and CEO, Jad Jebara, credits its narrow focus on the data center infrastructure vertical and its commitment to self-fund their growth to date with the company's early stage success. Jebara said, "The team's ability to execute on the company's vision is something I'm especially proud of. We achieved 136% cumulative sales growth in our first three years with no sales team. Now with a proven track record, we are getting ready to raise a Series A round to accelerate growth and hire more local talent."

"It's imperative to recognize Companies-to-Watch winners for their early stage growth, bold entrepreneurship and forward thinking," said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. "By demonstrating high growth potential, these outstanding companies have the potential to be future Deloitte Technology Fast 50 candidates. They represent the next generation of technology leaders in Canada."

To qualify for the Companies-to-Watch Awards, candidates must have been operating less than four years. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.

About the Deloitte Technology Fast 50™

The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry). Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca/.

About Tuangru

Today's data center must scale, be agile and proactively cut costs to survive in the new era of big data, cloud, mobile and social. Vancouver, British Columbia-based Tuangru Holdings Inc. offers a marketplace and data center infrastructure management (DCIM) platform that lets operators do just that -- from procuring through to deploying data center technologies. The company's founders include former executives of Peer 1 Hosting, a hosting service provider that was acquired in 2013 by Cogeco Communications Inc. for $635 million. For more information, please visit www.tuangru.com.

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