500 fastest growing technology companies.

[WickedLou9]

2006 Technology Fast 500 | Press Release - Deloitte & Touche USA LLP

I thought this was interesting...Deloitte ranks the fastest growing technology companies in North America.

For the first time Canada has outpaced the US.

For the first time, Canada has higher average growth than all other regions — 3,876 percent. By comparison, the U.S. average is 1,927 percent. Canadian companies have enjoyed a steady increase in average growth, from 1,597 percent in 2004 to 2,195 percent in 2005 to this year’s 3,876 percent.
Canadian companies are also among the top winners. Five of the Top 10 companies on the Fast 500 list are based in Canada, and two are in the Top Five. Last year, Canada was represented by one company in the Top 10; it had no winners in the Top 10 in the previous three years.
"The ability of the Canadian companies to achieve such incredible growth primarily through self-financing is a testament to their exceptional business success in commercializing their technologies and their great management teams leading the organization," said John Ruffolo, national leader, Canada, Technology, Media

Also.. Publicly traded companies aren't doing as well as privatly held ones.

Just over half the winners on this year’s list are privately held. In fact, there’s been a steady decline in public companies over the past few years to 49 percent this year, down from 53 percent last year and 59 percent in 2004. This year, revenues of the privately held companies (51 percent of the list) grew faster on average — 2,207 percent — than publicly held companies, which had an average growth rate of 2,082 percent.

Perhaps because companies that are publicly traded have to comform to Sarbanes-Oxley and have all sorts of other regulatory pressures as well as the pressure to meet wall streets EPS estimates..

Anyway, I wonder why Canada is doing so well here? What systems do they have in place that might help them?



Here is the full report
http://www.deloitte.com/dtt/cda/doc/...le_2006v.2.pdf

Interesting factoid. Google is number 41


And a bit of bragging.. The company I work for is number 80 on this list.