Morega Systems chosen one of Canada's select "Companies-to-Watch" in the 2010 Deloitte Technology Fast 50(TM) Awards

TORONTO, Sept. 23 /PRNewswire/ - Morega Systems won a coveted Companies-to-Watch Award, one of four separate awards categories that make up the 2010 Deloitte Technology Fast 50(TM) Awards, the pre-eminent technology awards program in Canada.

The Companies-to-Watch Award honours early-stage Canadian technology companies in business less than five years. These companies exemplify many of the winning characteristics of Deloitte Technology Fast 50(TM) ranked companies, which are judged using a longer track record.

"Companies-to-Watch award winners frequently go on to score high rankings in the Deloitte Technology Fast 50 once they have a five-year track record," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Morega has quickly distinguished itself for its innovative technology and entrepreneurship and this award recognizes its potential as a future leader in the Canadian technology industry."

"Morega is proud to receive this award, as it recognizes our competitive advantage, market attractiveness, and our dedication to making strides in proprietary technology and intellectual property," said Philip Poulidis, CEO of Morega. "This recognition is possible due to the hard work and commitment of our dedicated employees, our innovative technology and the vision and passion of our management team. This will further motivate our entrepreneurial spirit as a growing company in Canada as we make technological breakthroughs in multimedia portability and streaming solutions".

The majority of Companies-to-Watch winners are potential global leaders in technology sectors that didn't even exist five years ago. To win the award, companies must display the kind of management expertise and superior technology that mark a successful early-stage company poised for continued growth. To qualify for the Companies-to-Watch Award, candidates must have been operating less than five years. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.

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 DeloitteTechnology 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 Morega Systems Inc.

Morega is a software and systems company with advanced digital media solutions for the secure delivery of multimedia content to any device. Utilizing advanced transcoding, transcrypting and QoS enabled streaming capabilities; Morega provides an end-to-end digital home multimedia software ecosystem for service operators and device manufacturers.

Morega is headquartered in Toronto, Canada with a U.S. office in Austin, Texas. For more information, visit www.morega.com

SOURCE Morega Systems Inc.