Canada's most prestigious technology award program celebrates a
decade of Canadian technology innovation, growth and
TORONTO, Sept. 20 /CNW/ - Camilion Solutions, a leading provider of
product development and next-generation policy administration systems to the
insurance industry, today announced that the company 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. Camilion's increase in revenues of 9,162 percent from 2002 to 2006
resulted in a 7th ranking.
Camilion's CEO Ross Orrett credits the companies' deep knowledge of the
insurance industry, dedicated team and fast-growing acceptance in the U.S.
insurance market for Camilion's early stage success. Orrett said, "Being
ranked in the Deloitte Technology Fast 50 is a prestigious honour for
Camilion. We are very pleased to be recognized as one of the fastest- growing
companies in Canada. This award validates our team's continuous dedication to
technology excellence and our commitment to deliver innovative, world-class
solutions to the insurance market."
"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 John Ruffolo, National Leader,
Technology, Media & Telecommunications Industry Group, Deloitte. "Outstanding
companies such as Camilion 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 a 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 (honouring 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 (honouring 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 CATA Alliance. For future information, visit
www.fast50.ca or call 1-888-6FAST50.
About Camilion Solutions, Inc.
With customers who are the world's largest insurers, Camilion Solutions,
Inc. (www.camilion.com) is a leading provider of enterprise product
development solutions and policy administration systems for insurance.
Camilion uses its deep knowledge of the insurance industry to develop software
solutions that enable insurers to launch new or modified products more quickly
and efficiently than competitors, automate underwriting, enable
straight-through processing for online sales, and deploy an agile, modern
technology platform to better support current and future growth. Camilion is a
privately owned corporation founded in 2000 with offices in Toronto and New
ProductAuthority(R) and related names are trademarks of Camilion
Solutions, Inc. All other products and services mentioned are trademarks of
their respective owners.
For further information:
For further information: Gwen Lannaman, Camilion Solutions Inc., Tel:
(905) 482-3452, M: (4l6) 992-9557, email@example.com