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GeoDigital International Inc. Ranks 12 in the Deloitte Technology Fast 50TM Program

HAMILTON, Ontario, Nov. 15, 2012 /PRNewswire-iReach/ -- GeoDigital International Inc. is named  one of Canada's fastest growing technology companies in the 15th annual Deloitte Technology Fast 50TM awards. The Fast 50 program recognizes the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. GeoDigital International's increase in revenues of 1077% percent from 2007 to 2011 resulted in a number 12 ranking.

(Photo: http://photos.prnewswire.com/prnh/20121114/CG13884)

"Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create jobs, and invest in R&D," said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "GeoDigital International is an example of a company that shows passion, determination and drive that are so important for growth in the Canadian technology sector."

GeoDigital International's CEO Alastair Jenkins commented, "The credit for this achievement goes to our team for their dedication and focus on meeting our customer's needs". He went on to say, "The Company's 1077% percent revenue growth over the past 5 years has been achieved by addressing the needs of the energy and infrastructure industries for timely, actionable airborne geospatial information.  Our technology and software as a service offering has become the benchmark for electrical utilities in North America and the standard for service and quality that others aspire to achieve."

Now in its 15th year, the Deloitte Technology Fast 50TM program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program 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 evaluate and judge 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, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

About GeoDigital International 

GeoDigital International provides utilities and other distributed asset industries with industry leading, geospatial information management solutions. With one of the largest fleets of airborne/mobile LiDAR and digital imaging sensor systems in North America we collect and process data under the most challenging project schedules and conditions.  Our custom designed, enterprise software products are then tailored to meet the specific business workflow needs of our customers, including the ability to support mobile workforces in real time. As these needs change GeoDigital continuously improves our services with the goal of delivering timely, mission critical geospatial information systems that increase efficiency and reduce risk. To better support our customers we have offices strategically located throughout Canada and the United States.  GeoDigital currently employs over 250 people.

Media Contact: Anna Maria Kotlowska | Manager, Corporate Marketing and Communications GeoDigital International, 905.599.3195., [email protected]

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SOURCE GeoDigital International

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