TRUITION WINS PRESTIGIOUS DELOITTE TECHNOLOGY FAST 50 AWARD
eCommerce Software Provider Ranked Among the Country’s Fastest Growing Technology Companies
(Toronto, Canada – September 20, 2007) Truition Inc., the leading On Demand eCommerce Platform provider for retailers and brand manufacturers, has been named to the prestigious 2007 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in Canada. Truition was recognized in part, by achieving an impressive 5 year revenue growth rate of 565%.
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. The Deloitte Technology Fast 50 award winners were announced at regional events across the country on Wednesday September 19, 2007.
Over the past five years, Truition has evolved into a global leader in the field of eCommerce Platform technology, with more than 125 customers in eight countries. Headquartered in Toronto, the company has offices in Boston, London UK and Jena, Germany.
“Transforming technological innovation into business success is hard, and it's especially difficult to sustain such rapid revenue growth over five years. Truition has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.
“We are very pleased to be recognized by the Deloitte Technology Fast 50 program,” said Bill Wignall, Chief Executive Officer of Truition. “This type of recognition is a testament to Truition's ability to leverage our unique On Demand technology and strategic market knowledge into a global leadership position in the rapidly evolving eCommerce market. We look forward to continued success, both in North America and internationally.”
The Deloitte Technology Fast 50 program honors business growth, technological innovation, and Canadian entrepreneurial spirit. This year represents the 10th anniversary of Technology Fast 50 program.
“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 Truition 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.”
About Truition:
Founded in 1998, Truition is the leading On Demand eCommerce platform for retailers and manufacturers. With more than 125 customers in 8 countries, Truition provides its client base with a unique combination of technology and professional services, allowing these organizations to effectively outsource core elements of their eCommerce operations. Truition is headquartered in Toronto, Canada , with offices in Boston , London and Germany. Additional information on Truition is available at www.truition.com .
About the Deloitte Technology Fast 50:
This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Deloitte Technology Fast 50 Ranking, Companies-to-Watch Awards (honouring early-stage Canadian technology companies in business less than five years), Leadership Awards (Deloitte Technology Fast 50-ranked companies that demonstrate leadership in each of the four industry subcategories of emerging technologies, hardware, software, and telecommunications) and the Deloitte Technology Green 15 Awards (honouring companies creating innovative and economically viable intellectual property in the burgeoning field of green technology). Deloitte Technology Fast 50 winners are automatically eligible for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATA Alliance. For further information, visit www.fast50.ca or call 1-888 6FAST50.
Media Contacts:
Truition Inc.
Lisa McGregor
Truition Marketing Manager
lisamcgregor@truition.com
Tel. 416.673.4233
Deloitte
Andrea Lekushoff
Principal, ALC Communications
alekushoff@deloitte.ca
Tel. 416.435.2569
