DragonWave Ranked the Fifth Fastest Growing Technology Company in Canada in the 2006 Deloitte Technology Fast 50 Program
| Source: Press Release September 25, 2006 - Ottawa, Canada |
DragonWave Inc a
leading global supplier of next-generation
wireless networks today announced that it has
been named to Deloitte’s prestigious Technology
fast 50, the annual program which recognizes
excellence, innovation and the fastest growing
technology companies in Canada. Rankings are
based on percentage of growth in fiscal year
revenues over five years, from 2001 – 2005.
DragonWave’s increase in revenues of 18,968%
percent from 2001 – 2005 resulted in a fifth
ranking overall.
"We are pleased to be named fifth on this list
of strong Canadian technology organizations,”
said Peter Allen, President and CEO of
DragonWave Inc. “This award speaks not only to
DragonWave’s innovative technology and product
leadership, but also to the dedication of our
employees, the commitment of our shareholders
and most importantly the trust of our
customers.”
“The Deloitte Technology Fast 50 companies have
shown the strength, vision and termerity to
succeed despite a very challenging technology
environment,” said John Ruffolo, National
leader, Technology, Media & Telecommunications,
Deloitte. “We applaud the successes of
DragonWave Inc. and acknowledge their place as
one of the very few to accomplish such a fast
growth rate over the past five years.”
Winners of the 10 regional Technology Fast 50
programs in the United States and Canada are
automatically entered in the Deloitte Technology
Fast 500 program, which ranks North America’s
top 500 fastest growing technology companies.
For more information on the Fast 50 or Fast 500
programs visit www.fast50.ca or www.fast500.com
Deloitte
Deloitte, one of Canada's leading professional
services firms, provides audit, tax, consulting,
and financial advisory services through more
than 6,200 people in 50 offices. Deloitte
operates in Québec as Samson Bélair/Deloitte &
Touche s.e.n.c.r.l. The firm is dedicated to
helping its clients and its people excel.
Deloitte is the Canadian member firm of Deloitte
Touche Tohmatsu. Deloitte refers to one or more
of Deloitte Touche Tohmatsu, a Swiss Verein, its
member firms, and their respective subsidiaries
and affiliates. As a Swiss Verein (association),
neither Deloitte Touche Tohmatsu nor any of its
member firms has any liability for each other's
acts or omissions. Each of the member firms is a
separate and independent legal entity operating
under the names "Deloitte," "Deloitte & Touche,"
"Deloitte Touche Tohmatsu," or other related
names. Services are provided by the member firms
or their subsidiaries or affiliates and not by
the Deloitte Touche Tohmatsu Verein.
For more information, visit their website at http://www.fast50.ca.
DragonWave Incorporated
DragonWave designs, markets and supports
broadband, wireless networking products for
service providers and enterprises requiring
reliable, predictable, interference-free,
high-bandwidth transmission of real-time, IP
applications. DragonWave products meet the
demands of a wide range of applications as well
as delivering a value proposition that enables
operators and service providers an "invest as
you grow" capability that leverages profitable
growth. DragonWave is headquartered in Ottawa,
Canada's high-technology capital.
The company's Web site is http://www.dragonwaveinc.com.
