Distech Controls Receives Double Honor, Ranks in Deloitte North America Fast 500™ and Canada Fast 50™ Awards

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Attributes 358 Percent Revenue Growth to Company’s Dedication to Innovation
 
[Brossard, QC, November 13, 2013] — Distech Controls, an innovation leader in energy management solutions, announced it ranked 315th on Deloitte’s 2013 Technology Fast 500™. This program lists the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Distech Controls also received the award of being Canada’s 28th fastest growing technology company in the Deloitte Technology Fast 50™ for technological innovation, entrepreneurship, rapid growth and leadership. Rankings for both programs are based on percentage of fiscal year revenue growth over five years, with Distech Controls reporting an increase in revenues of 358 percent from 2008 to 2012.

Etienne Veilleux, President and CEO of Distech Controls, credits the 358% revenue growth with the company’s dedication to innovation and solid globalization strategies. “At Distech Controls, our employees and our global network of Partners are committed to delivering leading edge building automation technology and value-add energy management offerings for the energy efficient buildings market,” said Veilleux. “We are honored to rank amongst the fastest growing tech companies in Canada and North America, and will continue to dedicate ourselves to delivering innovative solutions for greener buildings”.

“Technology Fast 500 winners achieve success and strong growth as a direct result of their leadership, and commitment to innovation,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications, Deloitte. “They are amongst the elite who transform the technology sector.”

“Canadian Fast 50 companies innovate, demonstrate leadership, create jobs, and invest in R&D,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications. “They are remarkable companies that show dedication, drive and commitment that are key to growth in the Canadian technology sector.”

Now in its 16th year, the Deloitte Technology Fast 50TM 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.

To qualify for the Deloitte Technology Fast 50TM 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 judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
 
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 and innovation within the industry) 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, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.

About Deloitte’s 2013 Technology Fast 500™ - Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Distech Controls - An innovation leader in energy management solutions, Distech Controls provides unique building management technologies and services that optimize energy efficiency and comfort in buildings, all the while reducing operating costs.  We deliver innovative solutions for greener buildings through our passion for innovation, quality, customer satisfaction, and sustainability.  Distech Controls serves multiple market segments through its worldwide business divisions, service offices and a superior network of Authorized Partners. www.distech-controls.com