26th October 2010

Search and Mobility Continue Growth In Canada

Montreal’s Vantrix was honoured last week with a 2010 RCR Ecosystem Award in the “Best Mobile Content Provider” category. The annual RCR Ecosystem awards are presented to innovative and outstanding companies from each sector within the mobile arena that has had a significant impact in the wireless marketplace. The RCR Ecosystem Awards received more than 130 nominations across 12 categories, a true testament to the momentum behind the wireless and mobile industry.

“Vantrix is very proud to be recognized for its leadership in mobile video optimization,” said Patrick Lopez, Chief Marketing Officer of Vantrix. “The amount of video traffic on the mobile network continues to grow at an exponential rate, putting pressure on mobile operator networks. Vantrix Bandwidth Optimizer enables mobile operators to optimize their networks and reduce costs of delivering video to laptops and mobile phones by as much as 50 percent. This award acknowledges our innovation and accomplishment in the mobile video optimization and arena, and underscores our clear leadership in this market.”

Vantrix Bandwidth Optimizer optimizes all video content in real-time, while maintaining the highest quality of experience. It removes congestion on the network, thus enabling more data to be sent. Furthermore, it also delays investment in network infrastructure expansion – thereby helping to reduce CAPEX and OPEX. A constant innovator, Vantrix has created an interactive tool called the Vantrix Bandwidth Savings Calculator to help mobile carriers plan for the explosive growth of video in their data network.

“It was particularly difficult for us to judge this year’s awards, as the volume and quality of entries was reflective of an industry that continues to innovate and have an impact on our daily lives,” said RCR Wireless News Editor Tracy Ford. “Our program recognizes those contributions and we applaud Vantrix for its hard work, dedication and for continuing to move the dial forward for mobile subscribers, as well as operators, worldwide.”

A unique web-based service, offering simplified, first class results on anything and everything locally, has now launched. Thetop10.ca the top 10 canadalaunched Phase One, an exceptional Web Site / Directory service, utilizing SEO, Social Media and related technologies in tandem with proprietary elements in a manner never before done, providing end-users The Top 10 of anything they are looking for, locally and simply.

“How do you sort through the clutter on the Internet today and find the best of anything? The Top 10 offers this and so much more.” says project backer Mike Bullard.

A major complaint from Web Searchers today is the never-ending barrage of useless information one is forced to delve through to get to what they’re looking for – to get to the BEST of what they’re looking for. Thetop10.ca is the answer to this and many other business-search issues. A platform offering both casual web searchers and members the best of what they’re looking for locally. Additionally, MEMBERS only receive access to a growing number of perks, and membership is free.

Thetop10.ca is the first of its kind, offering members an opportunity to share their product and service experiences with others on various Social Media platforms, earning great Rewards Points for their opinions! The list of Member-only perks to come in phase 2 and 3 is remarkable. Utilizing existent technologies and a proprietary algorithm, there is no company directly comparable to thetop10.ca in Canada.

“This enterprise has resulted in a better service than I even anticipated; I’m confident this first-class alternative to basic search engines will grow exponentially, and we look forward to the inimitable additions already in the works for Phase Two.” says Caroline Risi.

Backed by the incomparable and trusted entertainer Mike Bullard, thetop10.ca looks forward to sharing its one-of-a-kind platform and interacting with both the business community and web searchers across Ontario and Canada. PHASE 2 of thetop10.ca will launch in November 2010.

Canada PostCanada Post has introduced Canada Post Comparison Shopper, a one-stop shopping website that helps Canadians instantly find, compare and purchase products online. The site uses a ranking system that filters through over 4 million products from 500 well-known and respected retailers that actually sell to Canadians. The patent-pending system evaluates criteria like price, return policies and customer service to determine which retailer offers the best match for the consumer’s search.

“Canada Post has experience in building online solutions like epost,” says Louis O’Brien, Chief Customer Officer at Canada Post. “This innovative solution is a natural extension of our superior residential delivery in Canada. Canadians place a lot of trust in Canada Post and we plan to build on that trust to help Canadians shop online with confidence.”

The site offers search and filter capabilities not available on competing shopping sites. “Features such as product ranking and price history provide shoppers with confidence and assurance that they are making an informed decision”, adds O’Brien. “All the retailers on the site actually sell to Canadians, while most other sites contain retailers that do not ship to Canada.”

Another key feature of Canada Post Comparison Shopper is the ‘all-in’ price which estimates taxes, shipping and other fees – such as exchange rates and customs fees, if applicable. This will eliminate unwelcomed surprises when it comes to the actual total purchase price. Consumers can search for everything from electronics to fashion, and health and beauty products.

This new initiative is part of a larger growth strategy at Canada Post. Last month, the corporation announced a new online direct-marketing platform to leverage proven direct marketing practices to deliver local offers and advertisements in a dynamic, real-time online environment. Canada Post Comparison Shopper is expected to drive growth in the parcel business, and to reinforce the company’s position as the leading business-to-consumer delivery agent in Canada.

Consumers can access Canada Post Comparison Shopper through Canada Post’s website. They can search using keywords or advanced sort and filter functions, browse based on retailer, brand or category and finally purchase the product or service directly on the retailer’s site.

Bell AliantBell Aliant has reached an agreement with Bell to sell xwave, in its entirety, to Bell. With xwave now part of a national organization, customers will benefit from xwave’s proven expertise and also have access to a broader slate of national technology and professional services provided through Bell Business Markets.

“We believe the time and opportunity is right for this transaction and by divesting xwave now, Bell Aliant is able to further focus on our core priorities such as fibre-to-the-home, improve our balance sheet and ensure long-term value to our investors,” said Karen Sheriff, president and CEO, Bell Aliant. “We have known for some time that for xwave to continue to expand nationally and grow profitability they needed access to scale. Combining with Bell gives xwave access to a national market and additional IT capabilities they do not have today.”

xwave has operated as part of Bell Aliant and its predecessor companies for a number of years with particular focus on advanced technology solutions and IT professional services, including the provision of leading e-health solutions.

“We are eager to welcome the skilled xwave team, building on their excellent service to clients in Atlantic Canada. Combining xwave’s leading e-health, IT professional services and advanced technology solutions with Bell Business Markets’ national team of information and communications technology (ICT) professionals and our world-class broadband networks enhances our leadership in delivering the best solutions for healthcare, public sector and corporate enterprise customers,” said Stéphane Boisvert, president, Bell Business Markets.

The purchase price of CAD $40 million has been assessed as fair value by an independent valuator. The transaction is expected to close on January 1, 2011. Bell, Bell Aliant and xwave will work together to ensure a seamless transition for employees, partners and customers.

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20th October 2010

Air Canada Announces Winners of 2010 enRoute Film Festival

Air CanadaAir Canada is pleased to announce the award winners of the 2010 annual Air Canada enRoute Film Festival.

Best Short Film: Adam Shamash for La Khaima: The Tent of Mile-End (Montreal)
Achievement in Direction: Adam Shamash for La Khaima: The Tent of Mile-End (Montreal)
Achievement in Cinematography: Shervin Kermani and Aita Jason for Sofia (Toronto)
Achievement in Animation: King Mugabi for Red Snow (Toronto)

“After receiving this award, I feel very honoured to have been highlighted as an emerging filmmaker from Air Canada, enRoute and renowned jury members,” said Shamash, originally from Vancouver and a Langara College alumni. “The festival has given me an amazing platform to network and communicate my message.”Adam Shamash

Millions of Air Canada passengers around the world will be able to view the award winners on their personal entertainment system with 8.9-inch wide digital in-seat monitors and touch-screen controls offering hours of audio and video on demand programming at every seat.

Toronto’s Scotiabank Theatre hosted a free public screening of all the nominated films yesterday, followed by the awards celebration at The Drake Hotel. The grand prize winner was awarded $5,000 courtesy of Cineplex Entertainment. All winners were awarded an all-inclusive trip for two to the Whistler Film Festival courtesy of Air Canada.

Filmmakers, jury members and industry luminaries were in attendance at the exclusive event, including celebrity presenters Kari Skogland (Genie Award-winner for Best Adapted Screenplay, director/writer, Fifty Dead Men Walking), Carlo Rota (24), Rob Stewart (director, Sharkwater), and Kathleen Robertson (A Night For Dying Tigers, 90210).

Today's ParentJust in time for the holiday season, Rogers Media announced the launch of Today’s Parent’s first mobile application, the Today’s Parent Gift Finder application available for iPhone, iTouch, and iPad.

The free Today’s Parent Gift Finder application lets users find the perfect gift for any child based on a child’s age, play preference and price range. Users can also create wish lists for each child they are buying for and share the list with others through email, Facebook and SMS.

The majority of the toys in the Gift Finder come from the Today’s Parent “Top Toys” list, a highly anticipated annual feature in Today’s Parent magazine. The Today’s Parent Gift Finder Application is the first iPhone application from a Canadian parenting magazine brand.

“The Today’s Parent Gift Finder application is a great tool for anyone with a child on their shopping list – anytime of the year,” says Claude Galipeau, SVP & GM, Digital Media, Rogers Media Inc. “We are excited to launch this application using the reliable reviews from Today’s Parent to help parents, relatives and friends, pick out the best presents for the children in their lives. Santa himself will want this app!”

Presented by Toys”R”Us, Canada’s Greatest Toy Store, this app not only helps gift givers find the perfect toy, but gives them the opportunity to save money while doing so. In the holiday spirit, when users download the app, they will receive a special code which entitles them to save $5 off any purchase of $25 or more at Toys”R”Us stores across Canada.

The Today’s Parent Gift Finder iPhone app will be available exclusively to Rogers Wireless and Fido customers when accessing through a 3G connection and available to all users via their wi-fi connection. The content can also be accessed on all Web-enabled mobile phones at the Today’s Parent web site.

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15th October 2010

Two Game Studios Named To Canadian Top 100 Employers List

Top 100 Employers 2011 Amidst daily news of Canada’s modest economic growth, there is a remarkable group of far-sighted employers that are offering lessons to other Canadian employers in creating exceptional places to work. Our congratulations to these Canadian Game, Mobile, and Software Developers for making the 2011 Canada’s Top Employers List:

Bioware
Digital Extremes
Research In Motion
Sophos Inc.
SAS Canada
ISM Canada
Ericsson Canada

These forward-thinking employers are treating the current economic slowdown as a rare opportunity to strengthen their organizations and pull ahead of others in their industries — and nowhere is this better illustrated than in today’s release of the 2011 winners of the Canada’s Top 100 Employers competition by Mediacorp Canada Inc.

“This is one of those moments when experience makes a difference,” says Richard Yerema, Managing Editor of the Canada’s Top 100 Employers project. “The decisions that employers make during times like these will affect their organizations for years to come, because challenging economic times also present many subtle opportunities for progress.” After a decade of writing about the nation’s top employers, Yerema adds, “today we see a calmness and desire to stay-the-course towards building better workplaces by the nation’s best employers.”

For far-sighted employers, the benefits of being considered one of the nation’s best places to work are considerable. “The elephant in the room is Canada’s changing demographic composition,” says Mediacorp Publisher Tony Meehan. “Even with modest economic growth, it will soon be nearly impossible to replace Canada’s current workforce, given current rates of immigration and labour force entry. Forward-thinking employers are seizing this opportunity to prepare for the day when not all organizations will be able attract the key people they need.”

Now entering its 12th year, the Canada’s Top 100 Employers competition is an editorial project organized by Mediacorp Canada Inc., a specialty publisher of employment guides and periodicals. To develop this year’s list, Mediacorp editors examined the recruitment histories of over 75,000 employers across Canada that it tracks for its popular job search site, Eluta.ca. From this initial group, Mediacorp invited 10,000 of the fastest-growing employers to apply, plus another 2,500 companies and organizations in industries its editors wanted to examine more closely. Employers completed an extensive application process that included a detailed review of their operations and HR practices. Over 2,750 employers started this year’s application process. Read the rest of this entry »

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13th October 2010

Canada Media Fund Names 27 Projects For Production Funding

Canada Media FundThe Canada Media Fund (CMF) today announced the first round results of its Experimental Stream. Twenty-seven projects were approved for production funding in the form of CMF equity investment commitments for a total of $12.9 million. While the average commitment is $478,000, three requests received the maximum $1 million.

Twelve projects are in English, nine are French, six are bilingual and consist of twelve games, five websites, three mobile applications, three interactive web series, and four software applications. A total of $8.6 million and $4.3 million was committed to English and French production projects, respectively. Approved production applicants are based across Canada, with six from BC, one from Alberta, four from Toronto, one from Ontario excluding Toronto, twelve from Montréal, two from Quebec excluding Montréal, and one from PEI.

In addition, eleven projects were approved for development funding for a total of $1.6 million. The average commitment is $149,000. Four projects are in English, four in French, and three bilingual. Total English commitments are $1.1 million and total French are $540,000. Two of the successful development applicants are based in BC, six in Montréal, two in Quebec excluding Montreal, and one in Toronto. The types of projects include websites, games, and applications – please see the CMF decisions page for a full listing of successful applicants.

As well, seven projects were approved for marketing funding for a total of $1.6 million. The average commitment is $234,000. Five projects are in English, one in French, and one bilingual. Total English commitments are $1.1 million and total French are $540,000. Three projects are based in BC, one in Montréal, one in Quebec excluding Montreal, and two in Toronto. Projects to be marketed include games, websites, and an application.

Projects were assessed on the following factors: innovation (40%), production team (15%), business plan (30%), and distribution strategy (15%). For production projects, the innovation and production team factors, comprising a total of 55% of the assessment, were evaluated by a jury of Canadian and international industry experts (bios provided below). All remaining factors for production applications, plus all development and marketing applications, were assessed by CMF Program Administration analysts. Projects were assessed within categories based on the stage of the project, i.e. development, production, or marketing, to ensure similar projects competed against each other.

Of the $27 million in funding available through this stream, 60% is being disbursed in the first round and 40% in the second. Applications submitted for the first round vastly exceeded the $16.2 million available at this round. Over 250 applicants requested almost $90 million to support 120 production ($57 million requested), 112 development ($25 million requested), and 21 marketing ($8 million requested) projects. As a result of the high demand experienced in the first round, the second and final deadline for applications has been extended from October 4 to November 12, 2010. All decisions made by the CMF are considered final.

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13th October 2010

Canadian New Media Awards Announces 2010 Finalists

The Canadian New Media Awards have announced the full slate of finalists for the 2010 Canadian New Media Awards, which will be presented at a gala affair in Toronto on December 1st. Congratulations to all of these very talented developers, designers, teachers and leaders.

Company of the Year – Sponsored by Deloitte

* Frima Studio
* I Love Rewards
* Metroleap
* Syncapse Corp.
* Vision Critical

Promising New Company of the Year – Sponsored by RBC Royal Bank

* Bitstrips Inc.
* Entrinsic
* Polar Mobile
* Trend Hunter

Best Branded Entertainment

* Cliff Your Ride | The Vacuum Design Inc.
* Pedigree Adoption Drive | Proximity Canada
* The Weak Shop | DDB Canada
* Urbania.ca | TOXA

Best In Canadian Culture – Interactive

* Days of Remembrance | GlobalNews.ca
* Le Tapis Rose de Catherine | Les Productions Rose Nanan
* Redress Remix | Stitch Media
* Tourism Montreal | Sid Lee

Community Campaign of the Year

* It’s Time to Shout | Gravity Ltd.
* Love Letters to the Future | Xenophile Media
* Pocheville.ca – Motel Bigoudi | Inpix
* The NFB Test Tube with David Suzuki | National Film Board of Canada

Best Cross-Platform Project

* Inside Disaster | PTV Productions Inc.
* The Baxter Online Experience | Smokebomb Entertainment Inc.
* The NFB Test Tube with David Suzuki | The National Film Board of Canada
* The Vancouver 2010 Olympic Winter Games from Canada’s Olympic Broadcast Media Consortium | CTV

Digital Media Technology of the Year

* dimeRocker | Overinteractive Media
* HootSuite | Hootsuite Media, Inc.
* Shiny Ads | Shiny Ads
* Voices.com | Voices.com Read the rest of this entry »

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13th October 2010

Solutions 2 Go COO Named By Profit Magazine As Top Female Entrepreneur

ProfitThe women of the PROFIT W100 have been through it all—including a nasty recession—and have honed their business skills in the process to come out the other side as formidable business leaders. Take Gabrielle Chevalier of Mississauga, Ont.–based Solutions 2 Go Inc., a video game distribution firm that has grown to become the biggest in North America. The grandmother of four has had her share of challenges in this competitive arena, but still has ambitions to Gabrielle Chevaliergrow sales from $750 million to $1 billion company—and is beginning to look beyond the games market.

Top-ranked Chevalier is the subject of just one of several stories of successful women entrepreneurs recounted in the pages of the November 2010 issue of PROFIT magazine. All told, the W100 firms generated an impressive $2.2 billion in revenue and provided the equivalent of 10,792 full-time jobs. Over the past three years, their businesses have grown by an average of 115%. A full 95% turned an operating profit last year—impressive numbers that illustrate the determination, skill and business savvy of the 2010 W100. Read the rest of this entry »

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7th October 2010

Royal Canadian Institute for the Advancement of Science Honours Big Bang Theory Creators

The Royal Canadian Institute for the Advancement of Science (the RCI) has awarded an Honorary Membership in the RCI to Chuck Lorre and Bill Prady, executive producers and co-creators of the hit Big Bang Theorytelevision series The Big Bang Theory. The RCI, founded in 1849, is Canada’s oldest scientific organization and is dedicated to promoting the public’s understanding of science primarily through public lectures, scholarships, and the Sir Sandford Fleming medal for science communication. Jim Parsons (Sheldon), Simon Helberg (Howard), and Kunal Nayyar (Raj) of The Big Bang Theory are accepting the award on their behalf following the taping of Live at etalk: The Big Bang Theory in Toronto. The special tapes this afternoon from CTV’s Queen St. HQ.

“We are honoring Chuck Lorre, Bill Prady and the entire Big Bang Theory team for creating a television program that seamlessly melds science and everyday life,” said Bruce Gitelman, President, RCI. “The program exposes the public in an entertaining way to the awe and wonder of science and life in general. As the number one series in Canada today, it not only makes science accessible to the public but also entertains many practicing scientists.”

In a statement, Chuck Lorre and Bill Prady said: “Messrs. Chuck Lorre and Bill Prady do, with great Chuck Lorrehumility, accept Honorary Membership in the Royal Canadian Institute for the Advancement of Science.

Those who toil in the field of science often wait patiently for their work to be acknowledged. Einstein, for example, waited years for the Nobel committee to bestow its award for his discovery of the law of the photoelectric effect. In light of this, your honorees harbor no resentment that it has taken the Institute decades to reach across the border and recognize Mr. Lorre for his groundbreaking fourth grade work in neurology entitled “How Smart is the Human Brain? (An Extra-Credit Project)” and Mr. Prady for his definitive Bill Pradyexploration of zoological ophthalmology in the seventh grade science fair entry, “Dissecting a Calf’s Eye.”

As members, your honorees pledge to do everything in their power to advance the interests of Canadian scientists in the global community. For example, every time someone uses a telephone, they will note: “Did you know that was invented by Alexander Graham Bell, a Canadian scientist?” They will also look on Wikipedia and find names of other Canadian scientists to talk about.

Finally, while Messrs. Lorre and Prady are baffled as to why such an august group would seek to honor them, they are truly thrilled you have done so.”

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5th October 2010

BlueCat Networks Wins American Security Challenge 2010 Pilot Award

BlueCat NetworksToronto’s BlueCat Networks, the IPAM Intelligence™ company, has won a prestigious Pilot Award at the 2010 American Security Challenge (ASC). Under the auspices of the National Security Initiative (NSI), the ASC is the largest U.S. competition devoted to bringing the latest and best security technologies to market for homeland security – making it the center of gravity for security technology stakeholders looking to improve long-term U.S. national security. Pilot award selection by ArcSight, a leading global provider of cybersecurity and compliance solutions, underscores BlueCat Networks’ position as the IP Address Management (IPAM) leader in the U.S. government sector.

The ASC is focused on increasing the visibility of innovative technologies so that they can more quickly reach both the public and commercial marketplace. The ASC Pilots provide challengers with the opportunity to have their technologies thoroughly tested by qualified potential customers who have ready contract vehicles and funding. These customers may include various groups within the Department of Defense, Fortune 500 and members of the Intelligence Community. By quickly identifying solutions to mission critical and highly visible issues, the ASC public/private partnerships are helping to secure U.S. citizens, U.S. assets and the U.S. economy.IPAM

“BlueCat’s innovative solutions are exactly the type of technology the customer believes can deliver real and immediate security advancements today,” said ASC Chairman Roger London. “We don’t simply award demos just to benchmark technology performance, but rather we set up true pilots with qualified and engaged customers to accelerate the introduction and ultimate deployment of valuable technology by connecting innovative vendors like BlueCat with legitimate customers who might not otherwise meet,” London continued. “Technology is wasted and our national security is unnecessarily exposed if great technology stays on the shelf – so, expediting the adoption and deployment of valuable security technologies, such as BlueCat’s, helps safeguard our technology networks protecting America’s citizens, assets and economy.”
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30th September 2010

Open Text Records Management Attains Strong Positive Rating

Open TextOpen Text Corporation’s Open Text Records Management, a fully integrated component of the Open Text ECM Suite, has received the highest possible rating of “Strong Positive” in Gartner’s new report entitled “MarketScope for Enterprise Records Management” (by Kenneth Chin for Garnter, August 23, 2010)

Gartner’s MarketScope provides specific guidance for users who are deploying, or have deployed, products or services. A vendor with a “Strong Positive” rating is viewed by Gartner as a provider of strategic products, services or solutions, meaning that current customers should continue with investments while potential customers should consider the vendor a strong choice for strategic investments.

Open Text Records Management helps organizations safeguard against the liability, risk and cost of content and provides a way to verify the integrity of business practices. By ensuring that business policies and legal requirements govern the retention and disposition of content, Open Text Records Management helps organizations comply with worldwide regulations, standards, and certifications, such as U.S. DoD 5015.2, U.S. FDA 21 CFR Part 11, U.S. SEC Rule 17a, Europe’s MoReq, and Australia’s VERS. Open Text Records Management is a service provided to all applications of the Open Text ECM Suite and uses the core enterprise archiving capabilities of the suite.
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23rd September 2010

Deloitte Canadian Technology Fast 50 For 2010 Named

deloitteThe winners of the Deloitte Canadian Technology Fast 50™ set a record pace in 2010, with an average five-year revenue growth rate of 5,638% – an all time high. Some of this was due to the economic rebound and exciting new technology niches, but some was also due to the small size of these companies five years ago. In addition, this year’s survey of Canada’s fastest growing technology companies reveals a domestic tech sector that’s been resourceful in bootstrapping its growth, but sees the country’s domestic venture capital industry as in crisis and potentially unable to help sustain future expansion.

“Canada’s tech companies set records for growth in 2010: Both the top five companies and the entire Fast 50 roster were at all time highs for five-year growth at almost 43,000% and 5,600% respectively,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

“While we take time to celebrate the winning companies’ achievement, we also need to keep in mind that this year’s winners have grown off very small bases and tend to be successful in what are relatively smaller technology niches.”

“Over the last twelve years, there have been some interesting trends (and non-trends) within the Fast 50 list,” said Duncan Stewart, Director of Research for Technology, Media & Telecommunications for Deloitte. “Although the growth rate and the winners change over time, the split between hardware, software, telecom and other technology areas has been fairly consistent. Equally, the regional split of winners hasn’t varied: Ten years ago, 26 of our winners were from Ontario, and in 2010, we have 27 Ontario winners. On the other hand, reflecting a difficult time for initial public offerings (IPOs) and the ongoing venture capital crisis, the number of winners who are public companies has fallen from 54% a decade ago to 30% today. Turnover is up too – the five fastest growing companies on this year’s list weren’t even on the 2009 list.”

Richmond Hill-based Clickfree (Storage Appliance Corp), a hardware company specializing in automatic computer backup, has emerged as a strong winner: Sitting atop the ranking of this year’s Fast 50 list with a 64,240% five-year revenue growth.

Second and third spots go to Real Matters (40,532%, a Markham-based software company operating in property information solutions, and Varicent Software Incorporated (40,269%), a Toronto-based sales performance management software firm. Rounding out the top five are Toronto-based NexJ Systems (36,128%), an Enterprise CRM Software company, and Avigilon (33,664%), a Vancouver-based high-definition surveillance company.

As happened in 2009, a Quebec GreenTech company is a winner in multiple categories: Montreal-based 5N Plus Inc. appears on the Fast 50 list and it is present on both the Green technology and the Leadership rankings as well.

Deloitte’s annual survey of Fast 50 Tech CEOs, also released today, provides further causes for concern and some glimmers of hope. Almost 80% of respondents to Deloitte’s survey of tech CEOs say Canadian-based venture capital firms are in danger of becoming an irrelevant source of financing for the country’s companies, and 83% see this development as jeopardising future generations of technology companies in Canada.

This year’s Tech CEO survey showed that the main source of financing was cash flow from operations for 76% of companies, higher than in past years, while angel and VC funding was ranked as less than half as important. “Although this year’s winning companies are doing incredibly well,” added Ruffolo, “who knows how much bigger they would be today if they had had access to more growth capital in their formative years?”

“This persistent weakness in the country’s venture capital ecosystem began around 2004, it has now reached crisis levels and it has serious implications for the future of our technology sector and the future of Canada,” said Ruffolo. The ongoing Canadian funding crisis in venture capital continues to have a negative effect on our tech sector, and as a nation we need to rapidly adopt key policy responses that will help build our Innovation Economy, create jobs, and make future Technology Fast 50 lists even better.”

According to survey results, 73% of Tech CEOs said their company’s performance was negatively affected to some extent by the recent recession. At the same time, 68% predict either weak or negative growth over the next 12 months.

On the job front, more than 53% of CEOs indicate their firms have benefited from current conditions thanks to the greater availability of skilled labour at a reasonable cost.

Carbon credits are a hot topic for many tech companies: Of survey respondents who saw credits as relevant to their businesses, a surprising 40% said that future carbon credits were a major part of their strategic thinking.

“Cloud computing is often seen as a beneficial technology for early stage tech companies,” said Stewart. “But there has been a debate if it helps more because it is cheaper than traditional infrastructure-based computing, or if it was the time-to-market factor. The results, at least for Canada, are in: More than twice as many CEOs said that cloud helped them grow/scale more quickly than those who cited the cost benefit.”

Canadian Technology Fast 50 2010:

1 Clickfree – Richmond Hill
2 Real Matters – Markham
3 Varicent Software Incorporated – Toronto
4 NexJ Systems – Toronto
5 Avigilon – Vancouver
6 Vital Insight Group Inc. – Mississauga
7 ProSep – Montreal
8 OmniGlobe Networks, Inc. – Pointe-Claire
9 GuestLogix Inc – Toronto
10 In Motion Technology Inc. – New Westminster
11 ARISE Technologies Corporation – Waterloo
12 Vision Critical – Vancouver
13 CarProof – London
14 Solace Systems – Kanata
15 Strategic Connections, Inc. – Markham
16 Impact Mobile – Toronto
17 ParetoLogic Inc. – Victoria
18 QuickPlay Media – Toronto
19 KineticD – Toronto
20 PNI Digital Media – Vancouver
21 ViXS Systems Inc. – Toronto
22 Allegro Mobile Solutions – Mississauga
23 H2O Innovation – Quebec City
24 Opale Net Inc. – Montreal
25 RuggedCom Inc. – Concord
26 SherWeb inc. – Sherbrooke
27 Dominion Voting Systems Corporation – Toronto
28 Nightingale Informatix Corporation – Markham
29 DragonWave Inc. – Kanata
30 Research In Motion – Waterloo
31 Tantalus Systems Corp. – Burnaby
32 Averna – Montreal
33 Diversinet Corp. – Toronto
34 Coveo – Quebec City
34 Corinex Communications – Vancouver
35 Vantrix – Montreal
36 5N Plus Inc. – St. Laurent
37 iBwave Solutions Inc. – St. Laurent
38 Absolute Software – Vancouver
39 Nexterra Systems Corp – Vancouver
40 uptime software – Toronto
41 GEOTAB, Inc. – Oakville
42 WellPoint Systems Inc. – Calgary
43 In-Touch Survey Systems Inc. – Ottawa
44 MAKE Technologies Inc. – Vancouver
45 Adenyo – Toronto
46 EION Wireless – Ottawa
47 Haivision Network Video – Montreal
48 Level Platforms – Ottawa
49 Sandvine Incorporated – Waterloo
50 Payworks – Winnipeg

Leadership Awards single out companies that are the elite members of the Canadian technology industry, whose ability to create a distinct competitive advantage in a high-growth market allows them to dominate their sector and quickly join the ranks of other Canadian global leaders. This year’s four Leadership Awards recipients are:

5N Plus Inc. – Montreal
Evertz Technologies Limited – Burlington
Open Text Corporation – Waterloo
Research In Motion – Waterloo

The Deloitte Technology Fast 50™, the Companies-to-Watch (CTW) Awards honour early-stage Canadian technology companies who have been in business less than five years, and have the potential to be future Deloitte Technology Fast 50™ winners. The ten companies recognized as CTW this year are:

Awasi Incorporated – Waterloo
Dayforce – Toronto
Morega Systems Inc. – Mississauga
N4 Systems – Toronto
Neuralitic – Montreal
Polar Mobile – Toronto
Syncapse – Toronto
Telepin software – Ottawa
Tynt Multimedia Inc. – Calgary
X20 Media – Montreal

The Deloitte Technology Green 15™ Awards recognize Canada’s leading GreenTech companies who promote a more efficient use and re-use of the earth’s resources in industrial production and consumption. In doing so, they use new, innovative technologies to create products and services that compete with existing products and services on price and performance while reducing our impact on the environment. The 15 winners are:

5N Plus Inc. – Montreal
Bionest Technologies Inc. – Grand-Mère
Cavet Technologies – Toronto
ecobee – Toronto
Energate – Ottawa
Fielding Chemical technologies Inc. – Mississauga
GEEP – Barrie
Global Emissions Systems Inc. – Whitby
H2O Innovation – Quebec City
McMillan-McGee Corp – Calgary
Nexterra Systems Corp. – Vancouver
Odotech – Montreal
ProSep – Montreal
Real Tech Inc. – Whitby
RTI Cryogenics – Cambridge

The Deloitte Technology Fast 50™ ranks companies based on their past five-year revenue growth rates. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Deloitte 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 reuse of the earth’s resources in industrial production and consumption). Program sponsors include Deloitte, Gowlings, GrowthWorks, Wellington Financial, TMX, HKMB Hub, CVCA, NACO, IGLOO Software, MaRS. Media partners include Canadian Business magazine and La Presse.

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