CALGARY, Nov. 13, 2014 /CNW/ - Solium Capital Inc. ("Solium") (TSX: SUM), the leading provider of software-as-a-service for global equity-based incentive plans administration, financial reporting and compliance, today announced that it is named as one of Canada's fastest growing technology companies in the Deloitte Technology Fast 50™awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Solium ranked 36 with a 246 percent in revenue growth from 2009 to 2013.
Now in its 17th year, the Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
Solium's CEO Mike Broadfoot, credits Shareworks, a fully integrated cloud-based platform for equity administration, with the company's 246 percent revenue growth. Broadfoot said, "It's an honor to once again be named one of Deloitte's Technology Fast 50™ companies. We're investing in Shareworks and building out its global capabilities to become the platform of choice in the equity-administration ecosystem."
"Fast 50 companies are entrepreneurial, innovate and demonstrate leadership," said Pascal Lamoureux, Partner and Leader for Deloitte's Fast 50™ program. "Their commitment and achievements are critical to the growth of the Canadian technology sector."
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 evaluate and judge 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) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
About Solium Capital Inc.
Since 1999, Solium (TSX: SUM) has been helping companies decomplexify their equity compensation plans. Our software, Shareworks™, brings all the key elements of equity compensation administration together in one powerful cloud-based solution. Now you can collaborate, share, comply, trade, model, support decisions, create reports and control your plan more simply, securely and brilliantly. Solium has offices in North America, UK & EMEA, and Asia Pacific.
SOURCE: Solium Capital Inc.
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