Haivision announced today that it has been recognized as one of Canada's fastest-growing technology companies in the 15th annual Deloitte Technology Fast 50 awards. Additionally, Haivision was also ranked among the 500 fastest-growing companies in North America in Deloitte's Technology Fast 500.
The awards recognize organizations with the highest percentage of revenue growth over five years. Haivision has grown by 387 percent within the five-year period.
Haivision experienced a 47 percent increase in revenue growth in 2011 in U.S. dollars, a 45 percent compound annual growth rate over the past seven years and 20 consecutive quarters of positive EBITDA results. The company maintains a strategic focus on enterprise, medical/health care, education, military/federal, house of worship, sports and entertainment markets. Its video-streaming solutions are deployed for large-scale events, such as the 2012 London Olympic Games; keep financial traders up to date; are used daily to connect integrated operating rooms within the world's leading hospitals; capture and deliver video assets across top university campuses; and support mission critical intelligence, surveillance and reconnaissance operations within the military.
Now in its 15th year, the Deloitte Technology Fast 50 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.
The Deloitte Technology Fast 50 program is Canada's preeminent technology awards program. Celebrating business growth, innovation, and entrepreneurship, the program features four distinct categories including the Technology Fast 50 Ranking and 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 50 candidate). Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software.
Technology Fast 500, conducted by Deloitte & Touche, LLP, provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and clean technology companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.