Video networking company Haivision has been recognised 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 recognise organisations with the highest percentage of revenue growth over five years. Haivision has grown by 387% within the five year period.
“Canadian Fast 50 companies and Technology Fast 500 winners innovate, demonstrate entrepreneurship, create jobs, and invest in R&D,” said Richard Lee, national leader, technology, media & telecommunications industry group, Deloitte. “Haivision is an example of a company that shows passion, determination, and drive that are so important for growth in the technology sector.”
“Haivision has established itself as a premier digital media solutions provider within the enterprise and across the Internet, serving customers worldwide in multiple markets,” said Mirko Wicha, president and CEO of Haivision (pictured). “We are delighted to be recognized once again for our achievements. Thanks to our commitment to innovation, quality, and operational excellence, our portfolio of products and solutions continues to grow. With global deployments across significant market segments and a revolutionary new line up of products and services about to be unveiled, 2013 will be even more impactful for Haivision and its customers.”
Haivision experienced a 47% increase in revenue growth in 2011, a 45% compound annual growth rate (CAGR) over the past seven years, and 20 consecutive quarters of positive EBITDA (earnings before interest, taxes, depreciation and amortisation) results.