iBwave Ranked 197th Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™, 33rd in Deloitte Technology Fast 50™

Attributes its 476 Percent Revenue Growth to its Unsurpassable In-Building Software Solutions Suite, Customer Dedication and Company Commitment to Enabling Optimum Wireless Communications Indoors

For Immediate Release – Montreal, Quebec, October 19, 2011 — iBwave announced today that it has ranked number 197 in the Technology Fast 500™, Deloitte’s list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. iBwave grew 476 percent during this period. 

The company also ranked 33rd in Deloitte’s Technology Fast 50™. For 14 years, the Deloitte Technology Fast 50TM program has tracked the successful growth of Canadian-grown global leaders.

iBwave’s chief executive officer, Mario Bouchard, credits iBwave’s ability to remain on the cutting edge of the in-building wireless industry, as well as maintaining the trust of over 280 leading telecom leaders and wireless operators worldwide, to the company’s 476% revenue growth. He said, "We are honored by this award and proud to be the standard in the industry. With a strong, dedicated team, iBwave will continue to lead the way in helping people communicate optimally indoors." 

“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “iBwave is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come.” 

“We are pleased to honor iBwave as one of the 2011 Technology Fast 500,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, iBwave has demonstrated technological innovation, entrepreneurship and rapid growth.” 

For additional details on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com.


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 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 in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) 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, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.


About iBwave
iBwave Solutions, the standard for converged indoor network planning is the power behind great in-building wireless experience, enabling billions of end users and devices to connect inside a wide range of venues. As the global industry reference, our software solutions allow for smarter planning, design and deployment of any project regardless of size, complexity or technology. Along with innovative software, we are recognized for world class support in 90 countries, industry’s most comprehensive components database and a well-established certification program. For more information visit: ibwave.com

For more information, please contact
iBwave
Marketing
E: marketing@ibwave.com


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