October 1, 2002, Vancouver - Selkirk Financial Technologies Inc., a leading developer of global treasury management solutions, has been recognized once again by Deloitte & Touche as one of Canada's fastest growing technology companies. Selkirk is one of only five companies to receive the Fast 50 award four years in a row.
"Receiving the Fast 50 award for the fourth year in a row is a great testament to Selkirk's past performance and future potential, "says Selkirk's president and chief executive officer, James Suttie. "It is the direct result of hundreds of employees, clients and partners who support Selkirk's vision."
Selkirk's chief financial officer, Doug Keast, also attributes much of the company's fiscal performance to prudent planning. "Whatever the economic environment, we have always maintained our commitment to well-managed, sustainable growth. This philosophy has enabled us to hit revenue targets while investing in new technologies, and will remain the basis for Selkirk's continued success."
To qualify for the 2002 Fast 50 awards, a company had to be in business a minimum of 5 years, be controlled and headquartered in Canada, and have operating revenues of at least CDN $75,000 in 1997 and $1 million in 2001. The final Fast 50 rankings are based on percentage revenue growth over this five-year period. Selkirk ranks 32nd this year with 923% growth.
"In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment," says Garry Foster, national director, technology, media and telecommunications, Deloitte & Touche. "We commend Selkirk for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Selkirk as a 2002 Deloitte & Touche Canadian Technology Fast 50 winner."