TSX Venture Exchange Symbol "SER"
EDMONTON, Sept. 25 /CNW/ - Serenic Corporation (TSX-V:SER), ("Serenic" or
the "Corporation"), a leading publisher of financial management and business
operations software for non-profits, international non-governmental
organizations (NGOs) and the public sector, announced today the company is
ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest
growing technology companies in Canada, based on the percentage of revenue
growth over five years. Serenic's increase in revenues of 522 percent from
2003 to 2007 resulted in a number 31 ranking.
For over a decade, the Deloitte Technology Fast 50 program has tracked
the successful growth of Canadian-grown global leaders. Now Canada's
pre-eminent technology award program, the Deloitte Technology Fast 50 augments
the broader Deloitte North American Technology Fast 500 initiative, with
winners automatically eligible for this elite ranking.
"Transforming technological innovation into business success is hard, and
it's especially difficult to sustain such rapid revenue growth over five
years. Serenic has rapidly built a highly successful company in the Canadian
technology industry and we applaud their dedication and ability to transform
their vision into reality," said John Ruffolo, National Leader, Technology,
Media & Telecommunications Industry Group, Deloitte.
Serenic's CEO and President Randy Keith credits the company's innovative
financial management software and its deliberate focus on the non-profit
market with its 522 percent revenue growth. "Serenic was founded on the
premise that non-profit organizations deserve better than they have
historically gotten from the software vendor community, as few solutions have
been designed specifically for their needs," said Keith. "Our success is built
upon helping our customers accomplish their missions by providing them with a
robust suite of integrated, industry specific applications that utilize
sophisticated Microsoft technology."
"Canadian technology companies have some of the highest revenue growth in
North America, while playing in some of the world's largest, most competitive
and exciting market sectors," explains Ruffolo. "Outstanding companies such as
Serenic demonstrate the incredible business acumen and entrepreneurial spirit
that fuel the Canadian technology industry."
To qualify for the Deloitte Technology Fast 50 ranking, companies must
have been in business for at least five years, have revenues of at least
$5 million, be headquartered in Canada, own proprietary technology, and
conduct research and development activities in Canada. A panel of industry
experts evaluates and judges companies based on four key criteria: competitive
advantage; size, growth, and market attractiveness; management effectiveness
and organization; and financial performance.
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 four distinct categories including the
Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian
tech companies in business less than five years, with the potential to be a
future Deloitte Technology Fast 50 candidate), Leadership Awards (companies
that demonstrate technological leadership in four industry subcategories:
hardware/semiconductor, software, telecommunications and emerging
technologies) and the Deloitte Technology Green 15 Awards (Canada's leading
GreenTech companies that promote a more efficient use and re-use of the
earth's resources in industrial production and consumption). Program sponsors
include Deloitte, Gowlings, GrowthWorks, RBC Capital Markets, Wellington
Financial, Stonewood Group, CATAAlliance and IGLOO. For further information,
About Serenic Corporation
Serenic Corporation is an industry-leading publisher of mission-critical
software products that satisfy the unique and sophisticated functionality
requirements of non-profit organizations, educational institutions, and
Built on Microsoft Dynamics NAV, Serenic's products deliver fully
integrated solutions that can, in many organizations, eliminate the need for
multiple third-party business applications.
A Microsoft Gold-certified Industry Solutions Vendor, the Corporation's
products include the highly acclaimed Serenic Navigator, Serenic DonorVision,
Serenic CommunityCare and Serenic MinistryView. In addition, the Corporation
is the exclusive developer of the human resources and payroll products for
Microsoft Dynamics NAV users in North America.
In 2007, Serenic was named the Microsoft Dynamics Outstanding ISV of the
Year and earned membership in the Microsoft Dynamics Inner Circle and the
Microsoft Dynamics President's Club, both prestigious achievements that
acknowledge Serenic as a top performer within the Microsoft partner community.
Serenic Corporation is a public company with offices in Edmonton, Alberta
and Lakewood, Colorado. It trades under the symbol "SER" on the TSX Venture
Exchange in Canada. Additional information about the Company is available at
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
Company and product names mentioned herein may be trademarks and/or
registered trademarks of their respective owners.
ON BEHALF OF THE BOARD OF DIRECTORS
By Randy Keith
President and CEO, Serenic Corporation
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