*Please note that Etelesolv has changed its company name to Cimpl in 2016.
Etelesolv named one of Deloitte’s Technology Fast 50TM companies
Montreal, November 13, 2014 — Etelesolv (now Cimpl) is named as one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. The company ranked 35th with a 248 percent in revenue growth from 2009 to 2013.
Now in its 17th year, 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.
The company's president Christopher Thierry, credits the people, the product, and customers for the company making the Technology Fast 50. Cimpl is a Software-as-service that does technology expense management. Thierry said, "Companies are just becoming aware of the potential automation and cost management culture that Cimpl can create. It is all opening up new markets and new opportunities every day. We are extremely excited about where we are going and our strategy to get there.”
“Fast 50 companies are entrepreneurial, innovate and demonstrate leadership,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50 program. “Their commitment and achievements are critical to the growth of the Canadian technology sector.”
To qualify for the Deloitte Technology Fast 50TM 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 50TM - The Deloitte Technology Fast 50TM 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 50TM 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) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
With its global coverage, Etelesolv (now Cimpl) is leading the Canadian revolution of telecom and IT management by helping companies Take Back Control of their Telecom expenses and IT assets. Cimpl, the company’s signature platform, brings together actionable real-time data and everyday processes to ensure that companies know what they have and what it costs at any given time. Its business leadership and employee engagement have earned serious acclaim. The company is recognized as a PROFIT 500 company because of large and sustained revenue growth. The company is also a Best Small and Medium Employer (BSME) in Canada, an honour it earned in 2013 and 2014. For more information, visit http://home.cimpl.com/.