March Networks Earns Ranking on Canadian Firm’s ‘Fast 50’ List
OTTAWA, ONTARIO
IP video surveillance solutions provider March Networks has been ranked 24th on the Deloitte Technology Fast 50, an annual ranking of Canada’s fastest-growing technology companies.
In fiscal 2008, March Networks recorded sales of $94 million, which represents 700 percent revenue growth since fiscal 2004. According to Deloitte, the company also ranks as one of the top five leading technology performers in the Ottawa-Carleton region, where the company is headquartered.
Building on its position providing networked video recording platforms to many financial, retail and transportation organizations, March Networks has dramatically expanded its addressable market through its portfolio of IP video management solutions.
During the past three years, the company has also increased its global presence by establishing new offices in Milan, Dubai and Sydney. The company attributes 45 percent of revenue to international sales in its most recent quarter.
“This award is really in recognition of the dedication and hard work of everyone at March Networks,” says Peter Strom, president and CEO, March Networks. “We are very proud of this award and the fact that we surpassed $100 million in sales in our most recent 2009 fiscal year.”
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