Deloitte Technology Fast 50(TM) names Averna to fast-growing technology elite



    MONTREAL, Sept. 25 /CNW Telbec/ - Global test engineering company Averna
today announced that it has been named to the prestigious Deloitte Technology
Fast 50(TM), a ranking of the 50 fastest-growing technology companies in
Canada, based on the percentage of revenue growth over five years. Averna's
solid increase in revenue of 319 percent from 2003 to 2007 has resulted in a
#41 ranking.
    For over a decade, the Deloitte Technology Fast 50(TM) program has
tracked the successful growth of Canadian-grown global leaders. Now Canada's
pre-eminent technology award program, the Deloitte Technology Fast 50(TM)
augments the broader Deloitte North American Technology Fast 500 initiative,
with winners automatically eligible for this elite ranking.
    "Transforming technological innovation into business success is hard, and
it's especially difficult to sustain such rapid revenue growth over five
years," said John Ruffolo, National Leader, Technology, Media &
Telecommunications Industry Group, Deloitte. "Averna has rapidly built a
highly successful company in the Canadian technology industry and we applaud
their dedication and ability to transform their vision into reality."
    Averna President and CEO Pascal Pilon credits the company's consistently
impressive revenue growth to innovation, and to a thorough understanding of
high-tech product development, production, and supply-chain environments.
    "Averna is one of the only companies initiating test engineering early in
the product lifecycle, so that our clients experience improvements every step
of the way, from design to manufacturing," said Pilon. "We will further propel
our growth by promoting our combined software, solutions, and services offer
on the international stage, helping high-tech manufacturers worldwide
accelerate product development and improve quality standards."
    To qualify for the Deloitte Technology Fast 50(TM) ranking, companies
must have been in business for at least five years, have revenue 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 evaluates and judges companies based on four key criteria: competitive
advantage; size, growth, and market attractiveness; management effectiveness
and organization; and financial performance.

    About Averna

    Averna is a global test engineering software, solutions, and services
company. Averna's mission is to accelerate electronic product development and
improve quality standards for innovative high-tech manufacturers in
electronics, telecommunications, automotive, aerospace, and defense,
throughout the design lifecycle of their products.
    OEMs rely on Averna to establish a global test strategy, to standardize
and streamline their test activities, and to deliver leading-edge test systems
designed in parallel with their own R&D efforts. They leverage Averna's
off-the-shelf software, instrumentation and communication solutions, and
on-demand engineering services to maximize the impact of test on product
success, from design to manufacturing.

    www.averna.com

    About the Deloitte Technology Fast 50(TM)

    The Deloitte Technology Fast 50(TM) program is Canada's pre-eminent
technology award 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(TM) 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(TM) 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, GrowthWorks, RBC Capital Markets,
Wellington Financial, Stonewood Group, CATAAlliance and IGLOO.

    www.fast50.ca.




For further information:

For further information: Sonia D'Elia, PR & Communications Leader,
Averna, (514) 842-7577 ext. 455, sonia.delia@averna.com; Source: Averna

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AVERNA TECHNOLOGIES

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