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Attributes its 427 % Percent Revenue Growth to Innovation.
Quebec, Canada, October 23rd, 2007 — Distech Controls today announced that it ranked Number 342 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. Distech Controls grew 427 percent during this period.
Distech Controls, based in Quebec, Canada, is a leading provider of building automation and energy management solutions. Distech Controls' CEO and President, Mr. Etienne Veilleux, credits the company’s unique, innovative product offering and international sales strategies for the consistent revenue growth. Mr. Veilleux adds, “In a very competitive market, Distech Controls offers leading-edge, cost-effective energy management solutions to building owners worldwide. Our clients around the globe – in North America, Europe, Asia, and the Middle-East – appreciate the level of innovation and quality our products provide. They also recognize the value of our commitment to research and development.”
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate Distech Controls on this significant accomplishment."
In addition to ranking on Deloitte’s Technology Fast 500, Distech Controls ranked 42nd on the Canadian Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada and obtained Deloitte’s Technology Green 15 award that salutes companies creating major breakthroughs in the field of green technology. In August of 2007, Distech Controls also won the 2007 Frost & Sullivan North American Building Automation Systems Growth Excellence of the Year Award.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Distech Controls, Inc
Distech Controls designs, manufactures and markets a leading-edge building automation
system, including DDC controllers and software, based upon open control protocols.
Established in 1995, Distech Controls is headquartered in Quebec, Canada, with
offices in Canada, the USA, Europe, Asia and the Middle-East. Distech Controls
is an active member of standards-setting associations including the Open Systems
Alliance, the ZigBee Alliance, CABA and BACnet International; is a sponsor
member of the LONMARK Interoperability Association and a founding Promoter
member of the enocean Alliance.
Distech Controls offers a competitive, technology-driven solution while focusing
on added-value services and client needs. www.distech-controls.com
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
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.
For more information:
Caroline Cadieux
Marketing Manager
Distech Controls
ccadieux@distech-controls.com
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