iBwave Ranks as 184th Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500™
Attributes its 496 Percent Revenue Growth to its Industry Standard In-Building Product Suite and Company Commitment to Enabling Optimum Wireless Communications Indoors
For Immediate Release – Montreal, QC, November 14, 2012 — iBwave, the standard for in-building software and training, is delighted to announce that it has ranked number 184 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. Rankings are based on percentage of fiscal year revenue growth from 2007–2011. iBwave grew 496 percent during this period.
The company also ranked 17th in Deloitte’s Technology Fast 50™. Now in its 15th 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’s President and CEO, Mario Bouchard, credits both rankings to iBwave’s ability to remain on the cutting edge of the in-building wireless industry, as well the company’s dedication to its 300 customers spread out across 80 countries worldwide. He says, “We are honored to be ranked by Deloitte for the third year in a row and proud to be the standard in the industry. With a continued push toward the creation and evolution of an innovative product suite, iBwave will continue to lead the way in helping people communicate optimally indoors."
“The 2012 Technology Fast 500™ winners are true leaders who leverage their entrepreneurship and technological innovation to achieve strong growth, said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Their commitment and leadership continue to transform the technology sector.” Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
iBwave previously ranked 197th in the 2011 Technology Fast 500™ and 178th in 2010.
ABOUT Deloitte’s 2012 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 2007 to 2011.
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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