|IDC Recognized in Deloitte Technology Fast 50|
IDC RECOGNIZED AS ONE OF FASTEST GROWING CANADIAN TECHNOLOGY COMPANIES IN THE DELOITTE TECHNOLOGY FAST 50
Calgary, Alberta – September 25, 2008 – IDC (Imaging Dynamics Company Ltd.) (TSX: IDL), the global leader in the rapidly growing market for digital radiography (DR), today announced it is ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. IDC's increase in revenues of 382 percent from 2003 to 2007 resulted in a 36 ranking nationally. IDC ranked number 4 in Alberta.
For over a decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50 augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
“Transforming technological innovation into business success is hard, and it’s especially difficult to sustain such rapid revenue growth over five years. IDC has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.
IDC's President & CEO Tom Boon, credits IDC’s innovative CCD-based digital radiography technology and strong value proposition with the company's 382 percent revenue growth. Boon said, “It is with great pleasure that we receive this prestigious award and be recognized for our continued growth in this competitive global healthcare market.”
“Canadian technology companies have some of the highest revenue growth in North America, while playing in some of the world's largest, most competitive and exciting market sectors,” explains Ruffolo. “Outstanding companies such as IDC demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.”
To qualify for the Deloitte Technology Fast 50 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 50
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program.
IDC is a medical devices technology company and innovative force in the high growth field of digital radiography (DR) technology. The IDC direct capture DR technology replaces conventional film-based diagnostic imaging and provides a cost-effective solution for producing high quality diagnostic images, enhancing patient care and improving workflow.
Each IDC DR solution provides high resolution radiographic images in the digital format required for today’s (PACS) Picture Archiving & Communication Systems and the growing requirements for the electronic health record, all without the use of film, environmentally unfriendly chemicals, cassettes or expensive imaging plates.
Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan, Deloitte Technology and PROFIT; for its consistent dedication to innovation, global growth, and customer focused value proposition.
IDC is based in Calgary, Alberta, Canada.