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Protus IP Solutions Named One of North America's Fastest Growing Technology Companies by Deloitte & Touche for Second Consecutive Year
Company Ranks 194 in 2004 Deloitte Technology Fast 500
Ottawa, October 20, 2004 - Protus IP Solutions, a high-growth application service provider that offers Internet-based messaging solutions to businesses around the world, today announced that it ranked number 194 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1999-2003. Protus IP Solutions grew 1091.29 percent during this period.
Protus IP Solutions CEO Joseph Nour credits an effective growth strategy and the increasing demand for simple, reliable, and powerful Internet-based messaging with the company's 1091.29 percent revenue growth over the past five years.
"The Internet-based messaging market is growing at a fast pace and we intend to maintain our leadership position by developing communications solutions that make businesses more efficient and productive," says Nour.
"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," says Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Protus IP Solutions on becoming one the of the 500 fastest growing technology companies in North America."
In addition to ranking on the Deloitte Technology Fast 500, Protus IP Solutions also ranked number 17 on this year's Canadian Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada.
The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenue of at least $50,000 US and $75,000 Cdn for the United States and Canada, respectively; and 2003 operating revenues must be at least $1M US or Cdn.
During the past year, Protus IP Solutions:
In 2004, Protus IP Solutions was named to three rapid company growth rankings:
- Launched MyFax.com: an Internet-based fax service for the Small Office Home Office (SOHO) market that enables users to send and receive faxes from any location
- Launched Virtual Fax: Internet-based fax for enterprise businesses that enables users to send and receive faxes securely from any location without a fax machine
About Protus IP Solutions
- Profit Magazine's "PROFIT 100"
- Deloitte & Touche's "Fast 50 Canada"
- Deloitte & Touche's "Fast 500 North America"
Protus IP Solutions - a high-growth application service provider - offers value-added voice mail, email and fax to email services to businesses around the world. Our customers are involved in every industry sector, including finance, insurance, real estate, pharmaceuticals and retail. Whether they use our services across the company or for key operational requirements, our customers rely on Protus to simplify their voice, email and fax communications. We help them reach customers more effectively, process documents more efficiently and access information with greater speed. Protus solutions are sold both directly and through a network of worldwide partners, including major service providers. On-line internet fax services are sold under the brand names of Virtual Fax for business users and MyFax for internet fax services targeted to SOHO users. Additional information is available at www.protus.com or www.myfax.com.