[Quebec, November 13, 2015] — Optosecurity is named as one of Canada’s fastest growing technology companies in the 18th annual Deloitte Technology Fast 50™ awards for demonstrating bold innovation, dedicated leadership and strong growth. Optosecurity ranked 16 for its significant growth in revenue from 2011 to 2014.
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. Optosecurity is also named as one of Deloitte’s Technology Fast 500™ in North America.
Optosecurity's CEO Mr. Tim Mathews, credits an innovative product paired with a clear market and customer focus for the company's increased growth. Mathews said, “We work very hard to understand our customers’ challenges and collaborate closely with them to bring solutions that fulfill their needs.”
“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™ 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 Deloitte’s 2015 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 Optosecurity Inc. – Headquartered in Canada, Optosecurity Inc. is a leader in operational efficiency and threat detection for checkpoint security in airports and other critical infrastructures. Optosecurity’s eVelocity software suite is the first in the world to enable centralized remote screening of hand luggage, redefining airport security paradigms and economics, demonstrating proven savings and productivity enhancements. Optosecurity’s automated threat detection software also enables liquid explosives detection in a cost-efficient way and is certified by European civil aviation authorities.