2893% Revenue Growth in Five Years Secures Position in the Top 25
TORONTO, June 8 /CNW/ - Camilion Solutions, a leading provider of product
development solutions for financial services and modern P&C insurance policy
administration systems that create product agility, today announced that it
has been recognized as the 23rd Fastest-Growing Company in the 21st annual
PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine.
PROFIT 100 is the definitive ranking of Canada's top entrepreneurial firms.
PROFIT 100 companies have grown their annual revenue by an average of 2,262%
over the past five years (2003-08), and no company on the list grew by less
than 899%. Eligible to appear on the list for the first time this year,
Camilion grew its revenue by 2893% in the past five years.
"We are thrilled to be recognized as one of Canada's most successful
growth companies by PROFIT 100 and to be associated with so many great
entrepreneurial organizations. This accomplishment is a testament to the
dedication and hard work of our winning team, their tenacity and ability to
execute," said Ross Orrett, President & CEO, Camilion Solutions Inc. "With our
sights locked on building a great software company, we are enjoying strong
financial health and expect to double our revenue in our next fiscal year as
we continue to focus on delivering world class solutions for mid-to-large
sized financial services organizations to help them attain enterprise product
agility, reduce costs and accelerate product time to market."
"The PROFIT 100 are an inspiration to entrepreneurs at all stages of
growth, from startup to major corporation," says Ian Portsmouth, editor of
PROFIT. "Their business practices and product innovations are exemplary of how
businesses can succeed in uncertain times."
About PROFIT Magazine
PROFIT: Your Guide to Business Success, is Canada's preeminent
publication dedicated to the management issues and opportunities facing small
and mid-sized businesses. For more than 25 years, Canadian entrepreneurs
across a vast array of economic sectors have remained loyal to PROFIT because
it's a timely and reliable source of actionable information that helps them
increase their revenues, boost their profitability and get the recognition
they deserve for generating positive economic and social change. Published six
times a year by Rogers Publishing Ltd., PROFIT is distributed almost
exclusively to the chief executives of companies with 5 to 250 employees and
annual revenue of $1 million to $25 million, reaching 306,000 readers across
Canada. Visit PROFIT online at http://www.PROFITmagazine.ca.
About Camilion Solutions(TM) Inc.
Camilion Solutions, Inc. (www.camilion.com) is a leading provider of
world-class product development solutions for financial services and modern
insurance P&C policy administration systems that create product agility. With
some of the world's largest insurers as customers, Camilion uses its deep
knowledge of the insurance industry to enable insurers to concurrently develop
or modify quality products, get these products to market faster, automate
underwriting, enable straight-through processing, and deploy a modern
technology platform all while mitigating risk and reducing costs. Camilion is
a privately owned corporation founded in 2001 with offices in Toronto and New
Authority Suite(R), ProductAuthority(R) and related names are trademarks
of Camilion Solutions(TM), Inc. All other products and services mentioned are
trademarks of their respective companies
For further information:
For further information: Media Contact: Gwen Lannaman, Camilion
Solutions, O: (905) 482-3452, M: (905) 992-9557, firstname.lastname@example.org