iBwave Ranked Number 321 Fastest Growing Company in North America on Deloitte’s 2013 Technology Fast 500™
Attributes 251 Percent Revenue Growth to immense growth in the indoor wireless industry and its market standard software
Montreal, QC, November 13, 2013 — iBwave, the standard for in-building wireless software and training, today announced it ranked 321st on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. iBwave grew 251% during this period.
iBwave’s chief executive officer, Mario Bouchard, credits the immense growth in the indoor wireless industry and iBwave’s worldwide reputation as the standard in software and expertise for designing, deploying and managing indoor wireless networks with the company’s 251% revenue growth. He said, “As the demand for data is rapidly growing and 4G LTE networks become more widespread throughout the world, mobile operators are deploying increasingly complex networks inside buildings, requiring extensive use of the iBwave product suite. As we constantly innovate and respond to the ecosystem’s needs, iBwave will continue to be a leader in helping people communicate indoors.”
“Technology Fast 500 winners achieve success and strong growth as a direct result of their leadership, and commitment to innovation,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications, Deloitte. “They are amongst the elite who transform the technology sector.”
The company also ranked 31st in Deloitte’s Technology Fast 50™. 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.
iBwave previously ranked 184th as a Technology Fast 500™ award winner for 2012 and 197th for 2011.
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137% to 208,897% from 2008 to 2012, with an average growth of 2,600%.
ABOUT Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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
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