COLO-D attributes its 10,942 percent revenue growth to its ability to provide next-generation infrastructure that meets the requirements of hyperscale cloud providers
MONTREAL, Nov. 15, 2018 /CNW Telbec/ - COLO-D today announced it ranked 3rd in the Deloitte Technology Fast 50™ program award for its rapid revenue growth, entrepreneurial spirit and bold innovation. The program and annual award distinguishes 50 Canadian technology companies with the highest revenue-growth percentage over the past four years. COLO-D grew 10,942 percent during this period.
The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 21st year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
According to COLO-D's Chief Executive Officer, Patrick David, COLO-D's ability to deliver data center solutions for the ever-evolving needs of the hyperscale cloud service provider has fueled the company's 10,942 percent revenue growth. "COLO-D is constantly looking to develop next-generation environments via the most innovative technologies to fulfill the customer's need to go to market quickly," he said.
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
About the Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, 3C Innovation, BCF Business Law, Bank of Montreal, Bennett Jones, CBRE, First West Capital and OMERS Ventures . For further information, visit www.fast50.ca.
COLO-D designs, develops and operates flexible, cutting-edge data center solutions. Clients include cloud providers, financial institutions, government agencies and other large enterprises. Backed by industry experts with unmatched expertise, COLO-D delivers wholesale data center solutions able to meet the ever-evolving technological needs of tomorrow's largest organizations. For more information, visit www.colod.com.
For further information: Media requests: Frédérick Truchon-Gagnon, NATIONAL Public Relations, 438 350-1001, [email protected]