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NexJ Systems Inc. Ranks in Top 5 of the Deloitte Technology Fast 50(TM) Program for Third Consecutive Year
TORONTO, Nov. 14, 2012, 2012 (Canada NewsWire via COMTEX) --
NexJ named one of Canada's Fastest Growing Technology Companies
NexJ Systems Inc. (TSX: NXJ), a provider of cloud-based software, delivering enterprise
solutions for the financial services, insurance, and healthcare
industries, today announced it ranked as the fifth fastest growing
technology company in Canada in the 15th annual Deloitte Technology
Fast 50TM awards program. The Fast 50 program recognizes the 50 fastest
growing technology companies in Canada, based on the percentage of
revenue growth over five years. NexJ's increase in revenues of 3,153
percent from 2007 to 2011 resulted in their fifth place ranking.
"Canadian Fast 50 companies innovate, demonstrate entrepreneurship,
create jobs, and invest in R&D," said Richard Lee, National Leader,
Technology, Media & Telecommunications Industry Group, Deloitte. "NexJ
is an example of a company that shows passion, determination and drive
that are so important for growth in the Canadian technology sector."
"To remain a high growth company, NexJ continues to invest in sales and
marketing and deliver innovative, cutting-edge solutions," said William
M. Tatham, Chief Executive Officer, NexJ Systems. "We will pursue
strategic acquisitions and partnerships, sell further into our target
industries while evaluating new markets, and look to expand globally."
Now in its 15th year, the Deloitte Technology Fast 50TM program
recognizes leaders in the Canadian technology industry and tracks the
successful growth of Canadian-grown global leaders. The program
augments the broader Deloitte North American Technology Fast 500TM
initiative, with winners automatically eligible for this elite ranking.
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 evaluates and judges 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), Leadership Awards (companies that demonstrate technological
leadership in four industry subcategories: hardware/semiconductor,
software, telecommunications and emerging technologies), and the
Deloitte Technology Green 15TM( )Awards (Canada's leading GreenTech companies that promote a more
efficient use and re-use of the earth's resources in industrial
production and consumption.) Program sponsors include Deloitte,
Gowlings, Wellington Financial, TMX Group, HUB International HKMB,
National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For
further information, visit www.fast50.ca.
About NexJ Systems Inc.
NexJ is a provider of cloud-based software, delivering enterprise
customer relationship management (CRM) solutions for the financial
services, insurance, and healthcare industries. Our next-generation,
people-centered software combines industry-specific functionality with
information from multiple applications and data stores to provide
comprehensive knowledge of the individual. Organizations use this
knowledge to provide superior sales and service by enabling proactive
interactions that influence behavior.
NexJ was founded by an executive management team with extensive
experience in the successful design and delivery of large-scale,
integrated, enterprise software solutions. For more information about
NexJ Systems visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611.
NexJ Forward-looking Statement
Certain statements in this press release may contain words considered
forward-looking statements or information under applicable securities
laws. These statements are based on NexJ's current expectations,
estimates, forecasts and projections about the operating environment,
economies and markets in which the company operates. These statements
are subject to important assumptions, risks and uncertainties that are
difficult to predict, and the actual outcome may be materially
different. NexJ's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be inaccurate
and consequently its actual results could differ materially from the
expectations set out herein. For additional information with respect to
risks and other factors which could occur, see NexJ's securities
filings with the OSC and other securities regulators. NexJ securities
filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ
disclaims any intention or obligations to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE: NexJ Systems Inc.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/14/c7946.html
SOURCE: NexJ Systems Inc.
Media Contact: Matthew Bogart 416-222-5611 matt.bogart@nexj.com
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