TORONTO, Nov. 17, 2015 /PRNewswire/ -- iotum Inc is named as one of North America's fastest growing technology companies in the annual Deloitte Technology Fast 500™ awards for demonstrating bold innovation, dedicated leadership and strong growth. iotum Inc ranked 43rd in North American and 5th in Canada with a 2,327 percent revenue growth from 2011 to 2014, making it the highest ranking Fast50™ and Fast 500™ company in Ontario.
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.
"It's an esteemed list of fast growing companies," Jason Martin, CEO of iotum said. "Being on the Fast 50 is great, but we're especially glad to be listed on the Fast 500. We're an older company that is experiencing start-up style hyper-growth. Newer firms tend to get more press; it's nice we're being recognized for our work making group calling fun, affordable and easier."
"Fast 50 companies are innovators that transform great ideas into stunning realities," said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte Canada. "Their passion and determination makes them all inspiring success stories. They are vital to the Canadian technology sector."
To qualify for the Deloitte Technology Fast 50™ and Fast 500™ ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
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 three distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four 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, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About the Deloitte Technology Fast 500™ - Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.
About iotum - A leader in teleconferencing and group communications, iotum builds cutting-edge products to enhance remote collaboration for organizations of any size. Each of iotum's offerings is an affordable, reliable and feature-rich alternative to conferencing services that are either inexpensive and featureless or feature-rich but overpriced. The company's flagship product, www.FreeConference.com serves over a billion minutes a year of all–digital conference calls.
With offices in Toronto and Los Angeles, iotum is led by a leadership team with roots and experience in the technology industry. For more information about the company, its team, solutions and services, please visit www.iotum.com.
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