MARKHAM, ONTARIO--(Marketwire - Oct. 26, 2010) - Sangoma® Technologies Corporation (TSX VENTURE:STC) today announced that it has once again been placed on the Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009.
"By listening to our customers and continuing to focus on innovation, Sangoma has been able to achieve significant growth over the past five years, despite difficult economic conditions," said William J. Wignall, CEO of Sangoma. "Being ranked on the Deloitte Technology Fast 500 is an honor and one that we achieved through our industry leading products, a dedicated team of great employees around the world, a reputation for quality and a global network of partners and customers with whom we work very closely."
Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their outstanding five-year revenue growth.
"With its remarkable revenue growth of 224% from 2005 to 2009, Sangoma has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America and deserves our congratulations," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte Canada. Deloitte is proud to honour Sangoma for this accomplishment."
Sangoma's products are used by over 5000 customers in over 150 countries around the world, and are sold primarily through a network of partners and distributors. "We represent Sangoma in the Latin American Market and they are a key ingredient of our success throughout the region" said Juan Pablo Pazos, Senior Partner of Xmartek.
For additional details on the Technology Fast 500™ including qualifying criteria, visit www.fast500.com.
About Sangoma Technologies Corporation
Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications.
Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at: www.sangoma.com.
Deloitte's 2010 Technology Fast 500(TM) Media Guidance 4
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.