Canada's most prestigious technology award celebrates a decade of
Canadian technology innovation, growth and entrepreneurial spirit
TORONTO, Sept. 20 /CNW/ - PlateSpin Ltd., a leading provider of data
center automation and optimization solutions, today announced that it has been
ranked among the Deloitte Technology Fast 50, a ranking of the 50
fastest-growing technology companies in Canada, based on the percentage of
revenue growth over five years. PlateSpin's overall revenue growth rate of
21,519 percent over the past five years resulted in a second place ranking.
"PlateSpin's phenomenal growth can be attributed to the company's unique
approach to managing the virtualized data center," says Stephen Pollack,
founder and CEO of PlateSpin Ltd. "As organizations look to virtualization to
reduce the physical and environmental footprint of their IT operations,
PlateSpin has earned a reputation as the worldwide leader in the area of
workload lifecycle management. The company develops and markets a unified
suite of workload portability solutions and related products to help
enterprises adopt, manage and extend their use of server virtualization in the
data center. From anywhere-to-anywhere workload migration to data center
analysis and continuous optimization, PlateSpin solutions are rapidly emerging
as the de facto standard in unified workload management. Used by over 3,500
customers worldwide as well as a number of global technology consulting firms,
PlateSpin solutions provide CIOs and data center managers with the workload
visibility and portability they need to optimize business services and
dramatically reduce IT costs and service delivery risk."
"Canadian technology companies have some of the highest revenue growth in
North America, while playing in some of the world's largest, most competitive
and exciting market sectors," says John Ruffolo, National Leader, Technology,
Media & Telecommunications Industry Group, Deloitte. "Outstanding companies
such as PlateSpin demonstrate the incredible business acumen and
entrepreneurial spirit that fuel the Canadian technology industry."
Over the last decade, the Deloitte Technology Fast 50 program has tracked
the successful growth of Canadian-grown global leaders such as Research in
Motion (RIM), which has ranked among the Deloitte Technology Fast 50 every
year since the program's inception in 1997. Now Canada's pre-eminent
technology award program, the Deloitte Technology Fast 50 augments the broader
Deloitte North American Technology Fast 500 initiative, with winners
automatically eligible for this elite ranking.
"Deloitte created the Deloitte Technology Fast 50 program a decade ago to
celebrate the world-class achievements of Canadian technology companies," said
Ruffolo. "Companies like PlateSpin are a perfect example of the combination of
revenue growth, technological innovation and entrepreneurial spirit that
continues to be a winning formula in the technology sector."
To qualify for the Deloitte Technology Fast 50 ranking, companies must
have been in business for at least five years, have revenues of at least
$5 million, be headquartered in Canada, own proprietary technology, and
conduct research and development activities in Canada. A panel of subject
matter 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 the Deloitte Technology Fast 50
This year marks the 10th anniversary of the Deloitte Technology Fast 50
program, which celebrates business growth, innovation and entrepreneurship.
The program features four distinct categories including the Deloitte
Technology Fast 50 Ranking, Companies-to-Watch Awards (honoring early-stage
Canadian technology companies in business less than five years), Leadership
Awards (Deloitte Technology Fast 50-ranked companies that demonstrate
leadership in each of the four industry subcategories of emerging
technologies, hardware, software, and telecommunications) and the Deloitte
Technology Green 15 Awards (honoring companies creating innovative and
economically viable intellectual property in the burgeoning field of green
technology). Deloitte Technology Fast 50 winners are automatically eligible
for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors
include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group,
Behr & Associates, and CATAAlliance. For further information, visit
www.fast50.ca or call 1-888-6FAST50.
PlateSpin provides the most advanced data center automation software
designed to optimize the use of server resources across the enterprise to
improve business service levels and lower costs. PlateSpin's patent-pending
conversion and optimization technology liberates software from hardware
platforms, allowing servers to be streamed over the enterprise network from
any source to any destination. This freedom of movement ensures the best fit
between server resource supply and application workload demands.
Global 2000 companies use PlateSpin solutions to lower costs and solve
today's most pressing data center initiatives such as server consolidation,
disaster recovery, hardware migration and test lab automation. PlateSpin was
recently awarded the 2006 International Business Award for Best Company and
the 2006 Virtualization Technology of the Year Award (UK). The company also
ranked fifth on the eighth annual PROFIT HOT 50 for emerging growth companies.
Additionally, Branham Group named PlateSpin as one of the fastest growing IT
company in Canada and second on the Movers and Shakers list in the Canadian IT
Sector for 2007. For more information please visit www.platespin.com.
Product and company names herein may be trademarks of their registered
For further information:
For further information: on PlateSpin, please contact: Mark Pileski,
Director, Corporate Marketing, firstname.lastname@example.org, (416) 203-4790