Montreal, Canada, November 10, 2011 — Genetec, a pioneer in the physical security industry and a leading provider of world-class unified IP security solutions, today announced that it ranked number 374 on Technology Fast 500?, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. Genetec grew 212 percent during this period.
Genetec’s CEO, Pierre Racz, credits Genetec’s investment in the research and development of their unified security platform, Security Center, and its task-based architecture with the company’s 212% revenue growth. He said, “Our investment in the development of Security Center allows us to continue innovating in the high-end market while providing the benefits of a task-based user interface to other market segments as well. We preserve the sophistication and richness of our technology, but are also able to offer small-system users an experience that embodies the principles of simplicity in design promoted by John Maeda’s research at MIT. Much like Maeda, we aim to find ways for people to simplify their life in the face of growing complexity.”
“Genetec and all the Technology Fast 500? winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges,” said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte congratulates Genetec for this significant achievement.”
“We are pleased to honor Genetec as one of the 2011 Technology Fast 500?,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Genetec has demonstrated technological innovation, entrepreneurship and rapid growth.”
For additional detail on the Technology Fast 500? including selection and qualifying criteria, visit www.fast500.com