xkoto Chosen one of Canada's select "Companies-to-Watch" in the 2007 Deloitte Technology Fast 50 Awards
Canada's most prestigious technology award program celebrates a decade of Canadian technology innovation, growth and entrepreneurial spirit
Toronto, ON, September 20, 2007 - xkoto has won a coveted Companies-to-Watch Award, one of four separate awards categories that make up the 2007 Deloitte Technology Fast 50 Awards, which is celebrating its 10th anniversary as the pre-eminent technology awards program in Canada.
Companies-to-Watch Awards honour early-stage Canadian technology companies in business less than five years. These companies exemplify many of the winning characteristics of Deloitte Technology Fast 50 ranked companies, which are judged using a longer track record.
"Companies-to-Watch award winners frequently go on to score high rankings in the Deloitte Fast 50 once they have a five year track record," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "xkoto has quickly distinguished itself for its innovative technology and entrepreneurship and this award recognizes its potential as a future leader in the Canadian technology industry."
Over the last decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders such as Research in Motion (RIM), which has ranked among the Deloitte Technology Fast 50 every year since the program's inception in 1997.
"Our team is very honoured to receive such a prestigious award," said xkoto's President & CEO Albert Lee. "Our GRIDSCALEŽ data virtualization technology has been garnering kudos from our customers and partners, and this award from Deloitte puts an exclamation mark on our success to date."
The majority of Companies-to-Watch winners are potential global leaders in technology sectors that didn't even exist five years ago. To win the award, companies must display the kind of management expertise and superior technology that mark a successful early-stage company poised for continued growth. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.
About the Deloitte Technology Fast 50 - This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Deloitte Technology Fast 50 Ranking, Companies-to-Watch Awards (honouring early-stage Canadian technology companies in business less than five years), Leadership Awards (Deloitte Technology Fast 50-ranked companies that demonstrate leadership in each of the four industry subcategories of emerging technologies, hardware, software, and telecommunications) and the Deloitte Technology Green 15 Awards (honouring companies creating innovative and economically viable intellectual property in the burgeoning field of green technology). Deloitte Technology Fast 50 winners are automatically eligible for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATAAlliance. For further information, visit http://www.fast50.ca or call 1-888-6FAST50.
About xkoto
xkoto is a data virtualization software company founded in 2005. The GRIDSCALE Database Load Balancer manages a geographic grid of standard, commercial databases, making them appear virtually as a single local database so that applications become continuously available and horizontally scalable. This disruptive technology has proven its benefits to paying customers from some of the biggest industry brands including the Fortune 100. xkoto's technology partners include IBM, Microsoft, Sun Microsystems, and Sybase. For more information about xkoto, visit http://www.xkoto.com.