KELOWNA, BC, April 24, 2012 /CNW/ - (TSX-V: QHR) QHR Technologies Inc. ("QHR" or the "Company") a leader in the Canadian Healthcare Information Technology sector has been recognized by the 2012 Edition of the Branham 300. Entering its 19th year, the Branham300 highlights the top Canadian and Multinational ICT companies operating in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry.
QHR's key highlights from the 2012 Edition of the Branham300:
- Top 250 Canadian ICT Companies - 131 (jumping 12 spots from 143)
- Top 5 Pure-play Healthcare IT Companies - 5th
"2011 was the year QHR Technologies emerged as the dominant player in the Canadian EMR space and continued to make great strides with the EMS division. Through the dedicated work of our QHR team, we delivered record revenues, increasing from $19.1 million in 2010 to $23.9 million in 2011 which is a sizeable achievement in challenging economic times." said Al Hildebrandt, President and CEO of QHR, adding, "We are very proud to be recognized and moving up on this prestigious list, lining up with the best companies in Canadian information technology."
"With the lingering effects of the economic downturn all but gone in 2011, the Canadian ICT industry generated impressive growth over the past year in order to set a new Branham300 revenue record," said Wayne Gudbranson, President and CEO of Branham Group. "Canada's largest tech players as well as companies within the SMB segment closed strong fiscal 2011 campaigns, an indication that companies of all sizes experienced the market rebound. Branham looks forward to tracking QHR Technologies' continued success as it builds on its 2011 performance to post strong growth in 2012."
Further details on the 2012 Edition of the Branham300 can be found online at www.branham300.com and in the April/May issue of Backbone Magazine (www.backbonemag.com), which is distributed nationally with the Globe and Mail.
About the Branham300
For nearly 20 years, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues. It illustrates the depth and breadth of innovative technologies developed in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry. The Branham300 list consists of the following major categories:
- Top 250 Canadian ICT Companies
- The Next 50 Canadian ICT Companies
- Top 25 ICT Multinational Companies operating in Canada
- Top 25 Up and Comer ICT Companies (category ranked on innovation/not revenue)
The Branham300 is published annually on www.branham300.com, as well as in the April/May issue of Backbone Magazine (www.backbonemag.com). Keep up to date with the Branham300 and Branham Group on twitter at @branhamgroup, through Branham's Newsletter, or RSS feed.
About Branham Group Inc.
Branham Group Inc. is a leading industry analyst and strategic consulting company servicing the global Information, Communication and Entertainment (ICE) Technology marketplace. Branham Group assists ICE Technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green IT and Cloud). Branham also produces an annual listing of the top ICT companies in Canada (www.branham300.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth).
For more information regarding Branham Group, please visit www.branhamgroup.com.
For further information, please contact:
Project Manager, Branham300 & Research Analyst
613-745-2282 Ext. 122
About QHR Technologies Inc.
QHR operates two business units in distinct markets:
The Electronic Medical Records ("EMR") division offers a suite of medical software modules that provides computer-based medical records for family physicians, medical specialists, and surgeons, as well as administrative modules for billing and patient scheduling, that is a key component of the move throughout Canada to provide electronic healthcare records for all Canadians. QHR specializes in EMR ASP Hosting solutions both on-site and off-site, which consist of custom application hosted solutions, exchange email hosting, office software packages, mobile messaging services, server archiving and many other custom solutions and services as required by some provincial governments.
The Enterprise Management Software ("EMS") division specializes in workforce management software, which consists of integrated payroll, staff scheduling and human resource software, and in customized financial management software built on the Microsoft Dynamics GP platform. These products are targeted at complex healthcare, social services and public safety markets.
For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website: www.QHRtechnologies.com.
On behalf of the Board of Directors
President and CEO
Legal Notice Regarding Forward Looking Statements
This news release contains no "forward looking statements" within the meaning of applicable Canadian securities legislation. Further information on the Company is available at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
For further information on QHR Technologies Inc., please contact:
Al Hildebrandt, President & CEO 250-979-1701
John Gillberry, EVP & Chief Financial Officer 250-979-1722