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NRT Technology Corp. Ranked in the top 500 Fastest Growing Technology companies in North America in the Deloitte Technology Fast 500
FOR IMMEDIATE RELEASE
Toronto, ON - Friday November 14 - NRT Technology Corp. today announced that it ranked number 388 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. NRT Technology Corp. grew 353% percent during this period.
NRT’s President & CEO, John Dominelli, credits the company's 353% revenue growth over the past five years 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."
"It's great to see so many of our Canadian Technology Fast 50 winners included in the North American Fast 500," stated John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "While helping fuel the growth of the Canadian technology industry and as an outstanding example of Canadian technology leadership, NRT is more than just a Canadian success story - it is also a North American technology leader."
In addition to ranking on Deloitte's Technology Fast 500, NRT ranked 39 on the Deloitte Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada.
Fast 500 Selection and Qualifying Criteria The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years and they must be headquartered within North America.
"Each company on Deloitte's Technology fast 500 is an innovator with an exceptional five-year track record of growth," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. NRT has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment."
ABOUT NRT Technology Corp. NRT provides innovative cash handling solutions, products & services to the casino & gaming industry world-wide. Our popular line of QuickJack redemption ATM’s handles all types of customers self service redemption services. NRT also provides turn key applications for Jackpot redemption, ticket redemption, ATM automated cash services as well as other business related applications. Our products are used globally by Casinos, Lotteries & Retailers.
"By focusing on its strengths, its key customers, and the underlying values, NRT Technology Corp. has become 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."
NRT’s headquarter complex is located in Toronto, Ontario, Canada. NRT also maintains offices in Las Vegas and Macau.
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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