Virtualization Technology News and Information
PlateSpin Ranked the Second Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50
PlateSpin Ltd., a leading provider of data center automation and optimization solutions, today announced that it has been 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. PlateSpin’s overall revenue growth rate of 21,519 percent over the past five years resulted in a second place ranking.

“PlateSpin’s phenomenal growth can be attributed to the company’s unique approach to managing the virtualized data center,” says Stephen Pollack, founder and CEO of PlateSpin Ltd. “As organizations look to virtualization to reduce the physical and environmental footprint of their IT operations, PlateSpin has earned a reputation as the worldwide leader in the area of workload lifecycle management. The company develops and markets a unified suite of workload portability solutions and related products to help enterprises adopt, manage and extend their use of server virtualization in the data center. From anywhere-to-anywhere workload migration to data center analysis and continuous optimization, PlateSpin solutions are rapidly emerging as the de facto standard in unified workload management. Used by over 3,500 customers worldwide as well as a number of global technology consulting firms, PlateSpin solutions provide CIOs and data center managers with the workload visibility and portability they need to optimize business services and dramatically reduce IT costs and service delivery risk.”

“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,” says John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Outstanding companies such as PlateSpin demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.”

Over the last decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders such as Research in Motion (RIM), which has ranked among the Deloitte Technology Fast 50 every year since the program’s inception in 1997. 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.

“Deloitte created the Deloitte Technology Fast 50 program a decade ago to celebrate the world-class achievements of Canadian technology companies,” said Ruffolo. “Companies like PlateSpin are a perfect example of the combination of revenue growth, technological innovation and entrepreneurial spirit that continues to be a winning formula in the 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 subject matter experts evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
Published Friday, September 21, 2007 5:57 AM by David Marshall
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