London, Ontario, October 1, 2009 - CarProof Vehicle History Reports is ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. CarProof's increase in revenues of 5,716 percent from 2004 to 2008 resulted in a fourth ranking.
For over 12 years, the Deloitte Technology Fast 50; program has tracked the successful growth of Canadian-grown global leaders. Now 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.
"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "CarProof is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold."
In addition to the strength of the product, CarProof's President, Paul Antony credits the passion of CarProof's personnel, the commitment from CarProof's data providers and of course CarProof's customers for the company's 5,716 percent revenue growth. Antony said, "We are thrilled to receive this recognition. It is truly an honour to be amongst such elite company and a great reward for all of our hard work."
To qualify for the Deloitte Technology Fast 50 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 50 - The Deloitte Technology Fast 50? 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 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 15? 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, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.
About CarProof Vehicle History Reports - CarProof, a London, Ontario company, was started in 2000 to provide the most comprehensive, accurate and timely used vehicle history reports available in Canada. In addition to being the Official Report of the OADA-TADA New Car Dealers of Ontario, CarProof is used by the government of Alberta and PEI as part of their provincial registry, endorsed by the Motor Vehicle Sales Authority of British Columbia and the Insurance Corporation of British Columbia and by the major motor vehicle manufacturers in Canada. CarProof is also the sole supplier of vehicle history reports to both Manheim Canada and the ADESA Canada auctions for all of their U.S. import vehicle and arbitrations. For more information about CarProof, visit www.carproof.com.
