OTTAWA, Nov. 13, 2015 /CNW/ - CENX, the global leader of orchestrated service management and assurance solutions for physical and virtualized networks, today announced it ranked No. 18 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Companies are ranked based on percentage growth of fiscal year operating revenues over the last four years. Overall, 2015 Technology Fast 500 ™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 – 2014, with an average growth rate of 850 percent.
"We are honored to be recognized by Deloitte's Technology Fast 500™program," said Ed Ogonek, President and CEO of CENX. "Over the past years, we have seen the demand for CENX's Cortx Service Orchestrator skyrocket as service providers redefine how they manage their advanced data services. Our software uniquely incorporates hyper-scale computing, big data analytics and real-time visualization to address today's network operations challenges. At CENX, we are building a great team that delivers these innovations across a global market."
"What's clear is that despite market uncertainty, these companies have found a way to innovate and grow, harnessing the power of emerging technologies to disrupt and influence business across almost all industries," said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. "Congratulations to this year's Fast 500 companies. We are looking forward to witnessing their continued growth and impact on the technology market."
CENX is also a finalist in the MEF 2015 Excellence Awards, in the Third Network Technology category, for its Lifecycle Service Orchestration (LSO) solution. The winners will be announced at the upcoming GEN15 global networking event November 16-19 in Dallas, USA.
About Deloitte's 2015 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.
CENX transforms network big data into real-time actionable intelligence. We accelerate end-to-end operations by harnessing dynamic analytics and web-scale computing to visualize, manage and assure data services across multi-vendor, SDN and NFV networks. Our software solutions are deployed by the largest, most innovative service providers worldwide.www.cenx.com
CENX, Cortx Service Orchestrator, service assurance, service management, cloud, data center, network functions virtualization, NFV, software-defined networking, SDN, Lifecycle Service Orchestration, LSO, IP, Ethernet, big data analytics, OSS
Image with caption: "Logo : Deloitte's Technology Fast 500™ (CNW Group/CENX)". Image available at: http://photos.newswire.ca/images/download/20151113_C8932_PHOTO_EN_544407.jpg
For further information: Hannah Whitrow, Zonic Group PR, firstname.lastname@example.org, +44 (0)1672 550126