Accedian Networks Named to the Deloitte Technology Fast 50 and Fast 500 for a Second Year in a Row

Montreal, Nov. 14, 2012

Accedian Networks, the leader in Performance Assured Networking™ for Mobile Backhaul, Business Ethernet, and Cloud Services, today announced that it has achieved the 6th position for the Canadian Deloitte Technology Fast 50™, and the 50th position for the Deloitte Fast 500™, an award dedicated to the fastest growing 500 companies in North America.

Now in its 15th year, the Deloitte Technology Fast 50™ program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.

“It is quite an honor to be included in this prestigious ranking for a second year in a row,” said Patrick Ostiguy, President & CEO of Accedian Networks. “We have had another tremendous year and we can attribute our growth of 2748% to delivering upon the needs of our network operator and service provider customers. We are proud of this acknowledgement and of our strong, innovative and dedicated team whose motivation is consistently delivering solutions for Mobile Backhaul, Business Ethernet and Cloud Services.”

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 judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

“Canadian companies are leading the way when it comes to innovation, demonstrating entrepreneurship, creating jobs and investing in R&D,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Accedian is an example of a company that shows passion, determination and drive – the qualities that are so important for growth in the Canadian technology sector.”

About Accedian Networks

Accedian Networks is the leader is Performance Assured Networking™ for Mobile Backhaul, Business Ethernet and Cloud Services. Accedian Networks’ solutions enable mobile operators and service providers to assure, manage, improve and optimize their Carrier Ethernet and IP network performance; thereby delivering the best possible experience to their subscribers. Accedian’s award-winning solutions deliver the most precise network performance measurements, as well as, advanced service creation and traffic management capabilities that enable high value SLA-backed services. Established in 2004, Accedian Networks has an installed base that exceeds 75,000 cell sites and has over 120,000 (and counting) systems deployed worldwide. For more information, please visit www.accedian.com.

About the Deloitte Technology Fast 50™

The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50™ candidate), Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15™ Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.