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DRAGONWAVE RANKED THE FIFTH FASTEST GROWING TECHNOLOGY COMPANY IN CANADA IN THE 2006 DELOITTE TECHNOLOGY FAST 50 PROGRAM
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9/25/2006 - Ottawa, Canada
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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® is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave’s products is wireless network backhaul. Additional solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave’s corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, Asia, the Middle East and North America.
DragonWave® and Horizon® are registered trademarks of DragonWave Inc.
The company's Web site is http://www.dragonwaveinc.com.
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