RuggedCom Named to the Deloitte Technology Fast 500™ Ranking of the
Fastest Growing Technology Companies in North America
CONCORD, ON, Oct. 20 /CNW/ - RuggedCom Inc. ("RuggedCom") (TSX:RCM), a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments, today announced that it had been ranked number 110 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005 to 2009. RuggedCom grew 969% during this period.
"RuggedCom is very proud to receive this honour," said RuggedCom President and CEO Marzio Pozzuoli. "We credit our company's 969% growth in revenue to our focus on providing technology solutions that solve real customer issues, combined with outstanding reliability and superior customer service."
"RuggedCom and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends RuggedCom for this impressive accomplishment."
"RuggedCom has proved itself to be one of the fastest growing tech companies in North America and we are proud to honour them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
About RuggedCom Inc.
RuggedCom is a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments. RuggedCom's pioneering leadership in developing technologies and products for the electric power industry delivered the world's first IEC 61850-3 compliant Ethernet switch suitable for electric utility substation environments, the world's first IEEE 1613 Class 2 error free communication devices, the world's fastest network fault recovery and the world's first fully managed IP67 rated Ethernet switch. RuggedCom's technology solutions include Ethernet switches, network routers, wireless devices, serial servers, media converters, software and professional services. RuggedCom's products are expressly designed for use in challenging environments such as those found in electrical power substations and "Smart Grids".
For additional detail on the Technology Fast 500 qualifying criteria, visit www.fast500.com
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
For further information:
For media or industry analyst support, please contact:
Jamie Blakeley
RuggedCom Inc.
Tel: +1 (905) 856-5288
Toll-free: 1 (888) 264-0006
Email: Rugged[email protected]
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