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Sangoma Technologies Honored as One of the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500(TM)Attributes Its Continued Growth to Recent Re-Invention of Sangoma (October 20, 2011)
TORONTO, ONTARIO -- (Marketwire) -- 10/20/11 -- Sangoma Technologies Corporation (TSX VENTURE:STC), a leading provider of hardware and software components that enable or enhance IP Communications Systems for both voice and data, today announced that it has been placed on the Technology Fast 500(TM), Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006-2010. Sangoma Technologies grew 162% percent during this period.
Sangoma's chief executive officer, Bill Wignall credits the recent re-invention of Sangoma with sparking a new focus on growth that resulted in the company earning this coveted spot. He said, "Sangoma had remarkable revenue growth rates as we came to prominence providing TDM Interface Boards for the Telephony Market. Over the past year, we have truly re-built the company, refocusing our efforts on innovation, new product development, marketing and sales, and our distribution partners and customers. We are now starting to see the results and this recognition from Deloitte is another marker on our road to success."
"Sangoma Technologies and all the Technology Fast 500(TM) winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges," said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte congratulates Sangoma Technologies for this significant achievement."
"We are pleased to honor Sangoma as one of the 2011 Technology Fast 500," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, Sangoma has demonstrated technological innovation, entrepreneurship and rapid growth."
For additional detail on the Technology Fast 500(TM) including selection and qualifying criteria, visit www.fast500.com.
About Sangoma Technologies Corporation
Sangoma is a leading provider of hardware and software components that enable or enhance IP Communications Systems for both telecom and datacom applications. Enterprises, SMBs and Carriers in over 150 countries rely on Sangoma's technology as part of their mission critical infrastructures. Through its worldwide network of Distribution Partners, Sangoma delivers the industry's best engineered, highest quality products, some of which carry the industry's first lifetime warranty. The product line includes data and telecom boards for media and signal processing, as well as gateway appliances and software.
Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at www.sangoma.com.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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