Vantrix Wins at Deloitte Fast 50 Awards
Company recognized for its phenomenal 579 percent growth, leadership in wireless industry, strong global presence, innovation and expertise
MONTREAL--(BUSINESS WIRE)-- Vantrix, the global leader of mobile video optimization and delivery solutions, announced today that it is a winner of the 2010 Deloitte Fast 50 competition; a listing of the fastest growing Canadian technology companies.
“As a company we have remained focused on providing mobile operators with the most innovative and relevant mobile video optimization and delivery solutions. With a growth rate of 579 percent, we are extremely honored to be included on this prestigious list,” said Allan Benchetrit, President and CEO of Vantrix. “Our growth is a testament to our team’s dedication, insatiable desire to innovate, and ingenuity. As the demand for mobile video continues to grow, Vantrix is well positioned to provide global mobile operators with end-to-end video solutions. We would like thank our employees, investors, customers and partners who have helped us to achieve this fantastic growth.”
Vantrix has over 65 customers in more than 50 countries, and has established itself as a leader in the field of media optimization. As consumer usage of mobile video continues to explode, it is putting a strain on mobile operators’ networks. Vantrix has consolidated its leadership in Bandwidth Optimization and has developed Vantrix Bandwidth Optimizer to help mobile operators effectively deliver mobile video to their subscribers.
“Canadian technology companies are demonstrating very impressive innovation, growth and resourcefulness amid the challenges of an uncertain global recovery,” said Robert Nardi, Deloitte Partner and Leader of the Technology, Media and Telecommunications Group in Montreal. “Vantrix is certainly an example of the determination, drive and innovation that effectively positions them for further growth and success.”
For over 13 years, the Deloitte Technology Fast 50TM program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50TM augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
To qualify for the Deloitte Technology Fast 50TM 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 industry experts evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
About the Deloitte Technology Fast 50TM - The Deloitte Technology Fast 50TM 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 50TM 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 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM 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 Vantrix
Vantrix, the global leader of mobile video optimization and delivery solutions, ensures the richest user experience and most cost-effective roll-out of premium services such as mobile and web TV, video on demand, MMS and user generated content. Vantrix is proud to count among its customers: Sprint (NYSE:S), Orange, Telefonica (NYSE:TEF), T-Mobile, TeliaSonera (OMX:TLSN), MTS, Etisalat (ADX:ETISALAT), Saudi Telecom Company (TADAWUL:STC), and Tata Telecom, reaching over 700 million subscribers worldwide. Vantrix is headquartered in Montreal with offices in London, Hong Kong, and Dubai. To learn more about Vantrix, visit www.vantrix.com.
CONTACT:
Vantrix
Beverly Wilks, +1-514-866-1717 x296
Senior Director, Marketing
Beverly.Wilks@vantrix.com
KEYWORDS: North America Canada
INDUSTRY KEYWORDS: Technology Data Management Internet Networks Software Audio/Video Telecommunications Mobile/Wireless VoIP
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