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NRT Technology Corp. Ranked in the Top 50 Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50
FOR IMMEDIATE RELEASE
Toronto, ON - Thursday September 25, 2008 - NRT Technology Corp. 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. NRT's increase in revenues of 352% from 2003 to 2007 resulted in a top 50 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. NRT Technology Corp. 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.
NRT’s President & CEO, John Dominelli, credits NRT’s 352% revenue growth on the ability to operate on a design/build model of product development and willingness to work closely with it’s customers in offering support & solutions that may be unique to their specific environments. NRT’s strength has always been to recognize market trends and react swiftly to our customers’ requirements. Dominelli said, "We work to suit the customers’ requirements, we listen to our customers and we adapt our products accordingly, it’s all about our customers."
"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 NRT Technology Corp. 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 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,) 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, visit www.fast50.ca
ABOUT NRT Technology Corp. NRT is a leading provider and integrator of automated transaction based systems. NRT specializes in innovative solutions for the Gaming and Retail industry.
Our core competencies include design and integration of automated transaction processing hardware and software integration into existing technologies. As a result, we have had the opportunity to develop a high level of expertise in the latest technologies.
With our business partners and strategic alliance partners, NRT leverages world-class product and services support to deliver the highest levels of customer satisfaction. NRT’s software development team is an industry leader in creating and implementing applications designed specifically for safe, secure transaction processing.
By focusing on its strengths, its key customers, and the underlying values they need: "NRT Technology Corp. is the globally recognized leader of innovative cash handling solutions and products. We are committed to providing our customers with the highest level of service and support that meet and exceed their expectations."
For more information, please contact:
Ray Deffner Executive Vice President (416) 646-5232 ext. 222 |
James Rosati Marketing Manager (416) 646-5232 ext. 262 |
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