HALIFAX, NS, November 12 2015 – STI Technologies Limited is named today as one of Canada’s fastest growing technology companies in the 18th annual Deloitte Technology Fast50™ awards for demonstrating bold innovation, dedicated leadership and strong growth. STI ranked 41 overall, with a 204 per cent revenue growth from 2011 to 2014.
The Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
“It is an honour to be named one of Deloitte’s Technology Fast 50™ companies,” says Tim Gillis, CEO of STI Technologies Limited. “This award demonstrates the outstanding level of growth and innovation our company has seen over the past years.”
This achievement comes on the heels of STI’s recent recognition as one of Atlantic Canada’s Best Places to Work (Progress Magazine), Fastest Growing Companies (Progress Magazine) and Deloitte’s Best Managed Companies. STI is the only Atlantic Canadian company to make the 2015 Technology Fast50™ list.
“Fast 50™ companies are innovators that transform great ideas into stunning realities,” said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte Canada. “Their passion and determination makes them all inspiring success stories. They are vital to the Canadian technology sector.”
To qualify for the Deloitte Technology Fast 50TM ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
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 three distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50™ candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About STI Technologies Limited – STI Technologies Limited is a healthcare technology company that provides Canadian patients with greater choice and broader access to the best medications and healthcare products. Through partnerships with Canada’s top pharmaceutical companies, STI supports the healthcare system by delivering financial reimbursement, patient management and patient engagement solutions that improve health outcomes and lower healthcare costs. The company has seen significant growth since the launch of its flagship innoviCares patient engagement platform, and has recently launched Data Solutions and Patient Support Services programs. For further information, visit www.smartsti.com or www.innoviCares.ca.
# # #
Media requests may be directed to:
Communications Specialist – STI Technologies Limited