8D Technologies ranks among the fastest growing technology companies in Deloitte's Technology Fast50

Oct. 19, 2011 - PRLog -- Montreal, October 19th 2011 – Deloitte has ranked 8D Technologies 23rd in the 2011 Deloitte Technology Fast 50™, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over last five years. 8D also ranked 108th on the Technology Fast 500™, Deloitte’s ranking of the 500 fastest growing companies in technology, media, telecommunications, life sciences and clean technology in Canada and the Unites States.

“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “8D Technologies is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come.”

8D Technologies attributes its significant growth to the large-scale deployment of its green urban transportation management and payment solutions that include its award-winning city parking system (featuring 100% solar-powered wireless terminals), as well as its technology that propels the BIXI bike-share solution. To date, 8D’s hardware and software platform operates on three continents, in cities including Boston (USA), London (UK), Melbourne (AUS), Minneapolis (USA), Montreal (CAN), Ottawa-Gatineau (CAN), Québec (CAN), Toronto (CAN), and Washington DC – Arlington VA (USA).

"Being ranked among the top-technology Canadian and U.S. companies with the highest growth rate is a true recognition of our efforts," says Isabelle Bettez, President and CEO of 8D Technologies. "8D was able to identify niche markets with high growth and potential and has developed technology solutions that meet their unique needs. "

A panel of industry experts evaluated and judged companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

8D Technologies continues to attest its leadership in the national and international IT industry. The company was previously ranked 35th among the Canadian Deloitte Technology Fast 50™ in 2002.

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About 8D Technologies (www.8d.com)
8D is a world leader in the development of the most advanced, intelligent wireless, Machine-to-Machine (M2M), multi-function point of sale (POS) solutions. 8D’s unique green urban transportation management and payment solutions include the award-winning city parking system (8D APMS™). This solution features 100% solar-powered wireless terminals that can manage both street parking and municipal bike-sharing services. It is the same software and hardware technology platform which is at the heart of 8D’s parking solution, that propels the award-winning BIXI bike-sharing solution on three continents, in cities including Montreal (CAD), Ottawa-Gatineau (CAD), Toronto (CAD), London (UK), Melbourne (AUS), Washington DC-Arlington VA (USA), Minneapolis (USA) and Boston (USA).

8D’s solution features real time secure wireless payment and remote control as well as management of all terminal functions, from payment to enforcement – and full monitoring of terminals and sensors – in wired and wireless environments. At 8D Technologies, “Terminals are just the beginning..."

About the Deloitte Technology Fast 50™ The Deloitte Technology Fast 50™ is an annual ranking of the top 50 Canadian companies in the technology sector with the fastest growth. This list ranks companies by percentage of revenue growth over a period of five years and highlights business growth, innovation and entrepreneurship. The program also complements the Deloitte Technology Fast 500 initiative, where winners of the Canadian program are automatically eligible for the Fast 500. For further information, visit www.fast50.ca.

About the Deloitte Technology Fast500™ The Technology Fast 500™ is an annual ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America (Canada and United States). Award winners are selected based on percentage fiscal year revenue growth from the past five years. For more details, please visit www.fast500.com.

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8D is a world leader in the development of the most advanced, intelligent wireless, Machine-to-Machine (M2M), multi-function point of sale (POS) solutions.