iBwave Ranked the 37th Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50(TM)

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Sep 23, 2010, 10:04 ET

MONTREAL, Sept. 23 /PRNewswire/ - iBwave is ranked among the Deloitte Technology Fast 50(TM), a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. iBwave's increase in revenues of 567 percent from 2005 to 2009 resulted in a number 37 ranking.

For over 13 years, the Deloitte Technology Fast 50(TM) program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50(TM) augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "iBwave is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come."

iBwave's CEO Mario Bouchard credits iBwave's commitment to providing telecom leaders worldwide with state-of-the-art in-building software solutions for the win. He also credits the dedicated iBwave employees, partners and shareholders who work to provide wireless carriers with the latest technologies available on the market and optimize the performance of wireless networks inside buildings, where up to 70% of mobile voice and data traffic is generated. Mario Bouchard said, "We are honoured to be part of the 50 fastest growing companies. We are committed to assisting our customers in turning their investments for wireless networks into profitable mobile services for their end-users. We are rewarded for our hard work and we are proud to see how our solutions are changing the way wireless operators worldwide plan and design their indoor networks."

To qualify for the Deloitte Technology Fast 50(TM) 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(TM)

The Deloitte Technology Fast 50(TM) 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(TM) 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(TM) 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(TM) 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, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

ABOUT IBWAVE SOLUTIONS

iBwave is an international in-building wireless software company that delivers unique in-building wireless solutions to a global client base of more than 230 leading telecom operators, system integrators and equipment manufacturers in over 60 countries on five continents. iBwave offers industry-specific planning and design software solutions to answer the needs of the in-building wireless industry. RF engineers can take in-building network design beyond prediction to improve accuracy and standardize designs that are shared across the in-building community.

www.ibwave.com

SOURCE iBwave Solutions