CALGARY, Jan. 7 /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 ranked 12th in the Over $20 Million Group for Alberta Venture's 2010 Fast Growth 50 list, a recognition of growth-oriented businesses in Alberta. Rankings are based on growth in revenues, assets, profits, head count and other criteria over the past three years.
"WellPoint has seen significant growth throughout the last several years, due, in part, to strategic acquisitions which have expanded our product line and market reach extensively, as well as the introduction of new products to the marketplace," said Richard Slack, President and CEO of WellPoint. "Future plans for growth include expanding our reach into international markets and increasing awareness and demand for our newest solutions built on the Microsoft Dynamics AX platform."
WellPoint was also recently ranked 250th on Deloitte's 2009 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunication and life sciences companies in North America, and 28th on the Canadian Technology Fast 50, a ranking of the 50 fastest growing technology firms in Canada.
About Alberta Venture Magazine
Alberta Venture magazine is where the province's business community continually turns for the most up-to-date news, developments and opportunities shaping Alberta business. Twelve times a year, Alberta Venture publishes a must-read magazine filled with exceptional business stories and profiles, detailed industry reports, award-winning photography and helpful information on current business trends. Alberta Venture is committed to influential reporting, timely editorial coverage and superior design. Alberta Venture magazine is published by the Edmonton-based Venture Publishing Inc. Other Venture publications include Alberta Oil, Unlimited, Alberta Innovators, Open Mind, Tracks & Treads, Grip, Your Health and Food for Thought. For more information on Alberta Venture and the Fast Growth 50 visit www.albertaventure.com.
About WellPoint Systems Inc.
WellPoint provides premier software and related services for managing critical operations within the energy industry. As a Microsoft Gold Certified Partner since 2005, 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 also provides software and services under the BOLO, IDEAS International and AX EAM brands.
Founded in 1997, Calgary-based WellPoint Systems also has major operations in Denver, CO, Houston, TX, Livingston, NJ, Tampa, FL, Tunis, Tunisia and Pretoria, South Africa. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE WELLPOINT SYSTEMS INC.
For further information: For further information: Richard Slack, President and Chief Executive Officer, (303) 987-2238, firstname.lastname@example.org; Bharat Mahajan, CA, Chief Financial Officer, (403) 444-3916, email@example.com