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Zafin Named to the Deloitte Technology Fast 50™ and Fast 500™ Lists

For the second consecutive year, Zafin is named as one of the fastest growing technology companies in North America

Zafin, the leader in relationship banking software solutions for the global financial services industry, announced today that it has been named one of North America’s fastest growing technology companies.

The distinguished technology awards program celebrates leadership, innovation, and rapid growth in the Canadian and North American technology sectors, based on the percentage of revenue growth over the past four years. Zafin ranked 28, on the Canadian Fast 50™ List and 219 on the North American Fast 500 ™ List with a 343 percent increase in revenue growth from 2011 to 2014.

“Zafin has experienced continued growth as banks seek innovative technological solutions that enable them to deliver customer-centric innovations to drive revenue, transparency, operational efficiency, and regulatory compliance,” said Al Karim Somji, founder and CEO of Zafin.

“Zafin’s global team of dedicated professionals, along with our partner network, have facilitated this sustained growth,” continued Somji. “Together, we are achieving our vision of offering the most innovative relationship banking solutions to the financial services industry.”

“What’s clear is that despite market uncertainty, these companies have found a way to innovate and grow, harnessing the power of emerging technologies to disrupt and influence business across almost all industries,” said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. “Congratulations to this year’s Fast 500 companies. We are looking forward to witnessing their continued growth and impact on the technology market.”

Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.

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 CAD, and current-year operating revenues of at least $5 million USD or CAD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.