CALGARY, Sept. 25 /CNW/ - WellPoint Systems Inc., ("WellPoint" or the
"Company") (TSX-V:WPS), a leading provider of software and related solutions
to the energy industry, today announced that it is 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.
WellPoint's increase in revenues of 696% from 2003 to 2007 resulted in a 28
For over a decade, the Deloitte Technology Fast 50 program has tracked
the successful growth of Canadian-grown global leaders. 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.
"Transforming technological innovation into business success is hard, and
it's especially difficult to sustain such rapid revenue growth over five
years. WellPoint 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," said John Ruffolo, National Leader, Technology,
Media & Telecommunications Industry Group, Deloitte.
WellPoint's CEO, Frank Stanford, credits the company's recent
acquisitions and long-term commitment to the Microsoft Dynamics AX platform
with the company's 696% revenue growth. Stanford said, "We are pleased to be
ranked among the Deloitte Technology Fast 50. I thank all our employees and
customers for their support in helping us achieve this significant milestone."
"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," explains Ruffolo. "Outstanding companies such as
WellPoint demonstrate the incredible business acumen and entrepreneurial
spirit that fuel the Canadian technology industry."
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 industry
experts evaluate and judge 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
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, GrowthWorks, RBC Capital Markets, Wellington
Financial, Stonewood Group, CATAAlliance and IGLOO. For further information,
About WellPoint Systems Inc.
WellPoint Systems provides premier software and related services for
managing critical operations within the energy industry. Aligning tightly with
Microsoft Corporation, WellPoint is the only Independent Software Vendor (ISV)
and Microsoft Dynamics partner dedicated to the energy sector. It is breaking
new ground with the creation of a more comprehensive, integrated energy
software suite based on existing Microsoft ERP technology that utilizes
state-of-the-art Dynamics AX(R) and .NET architectures. WellPoint became a
Microsoft Gold Certified Partner in 2005. Founded in 1997, Calgary-based
WellPoint Systems also has major operations in Houston, TX and Denver, CO.
WellPoint is publicly traded on the TSX Venture Exchange under the symbol WPS.
This document contains forward-looking statements. Some forward looking
statements may be identified by words like "expects", "anticipates", "plans",
"intends", "indicates" or similar expressions. The statements are not a
guarantee of future performance and are inherently subject to risks and
uncertainties. The Company's actual results could differ materially from those
currently anticipated due to a number of factors, including, but not limited
to, successful integration of structural changes, including restructuring
plans, acquisitions, technical or manufacturing or distribution issues, the
competitive environment for the Company's products, the degree of market
penetration of the Company's products, and other factors set forth in reports
and other documents filed by the Company with Canadian securities regulatory
authorities from time to time.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Frank Stanford, Chief Executive Officer, (403)
538-3604, firstname.lastname@example.org; Bharat Mahajan, CA, Chief
Financial Officer, (403) 444-3916, email@example.com