Honored Among This Year's Most Promising Private Technology Ventures in
TORONTO, Sept. 30 /CNW/ - Camilion Solutions, a leading provider of
product development solutions and next-generation policy administration
systems to the insurance industry, today announced that global media company,
Red Herring, selected Camilion as a Top 50 winner in the software category for
2008. The Red Herring Canada Top 50 Award celebrates the most innovative and
promising private companies in Canada based on technology innovation,
management strength, market size, investor record, customer acquisition and
"Canada has a tradition of building world class technology companies,"
said Red Herring editor-in-chief Joel Dreyfuss. "Choosing the top 50 companies
from the group of 100 finalists was incredibly difficult. While a diverse
group of winners, the top 50 companies chosen are clearly the best of the best
and demonstrate product innovation and entrepreneurial management teams that
know how to create and build high growth organizations."
Red Herring's first annual Canada Top 50 Awards adds to the success of
the yearly North America 100, Europe 100 and Global 100 events, providing an
opportunity for the nation's Top 50 companies to deliver their message to the
top VCs and other participants throughout North America and abroad.
Ross Orrett, Camilion CEO, credits the companies' position within the
market to a focused executive team who has the expertise and discipline to
create great profitable companies. Orrett said, "Over the past year, we have
more than doubled our customer base, that include the world's largest
insurers, all of whom have made multi-million dollar commitments to our
next-generation solutions. Being ranked in the Red Herring Canada Top 50 is an
honour and we are pleased to be to be recognized as one of the most promising
private technology ventures in Canada. Our success over the past year is a
direct result of our highly-energized, committed employees who are dedicated
to creating a world-class software company."
Red Herring's editorial staff rigorously evaluated the nominees on both
quantitative and qualitative criteria, such as financial performance,
technology innovation, quality of management, execution of strategy, and
integration into their ecosystem. This unique assessment of potential is
complemented by a review of the actual track record and standing of a company,
allowing Red Herring to see past the "buzz" and make the list an invaluable
instrument for discovering and advocating the greatest business opportunities
in the industry. To view the Red Herring Top 50 list, please visit
About Red Herring
Red Herring is a global media company uniting the world's best high
technology innovators, venture investors and business decision makers in a
variety of forums: a leading innovation magazine; an online daily technology
news service; technology newsletters, and major events for technology leaders
around the globe. Red Herring provides an insider's access to the global
innovation economy, featuring unparalleled insights on the emerging
technologies driving the economy.
About Camilion Solutions Inc.
With customers who are the world's largest insurers, Camilion Solutions,
Inc. (www.camilion.com) uses its deep knowledge of insurance to create
software solutions that enable insurers to develop new or modify 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 growth and expense reduction. Camilion
is a privately owned corporation established in 2001 with offices in Toronto
and New York.
ProductAuthority(R), Authority Suite(R) and related names are trademarks
of Camilion Solutions, Inc. All other products and services mentioned are
trademarks of their respective companies.
For further information:
For further information: Gwen Lannaman, Camilion Solutions, O: (905)
482-3452, M: (905) 992-9557, firstname.lastname@example.org