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  • Kitchener-Waterloo, ON

Desire2Learn Earns Deloitte Technology Fast 50� Award for Fourth Consecutive Year

Press Release

Desire2Learn ranked the 41st fastest growing technology company in Canada in the Deloitte Technology Fast 50�

Desire2Learn Incorporated (Desire2Learn), a leading provider of mission-critical enterprise eLearning solutions, is ranked for the fourth consecutive year as one of the 50 fastest growing technology companies in Canada in the 2009 Deloitte Technology Fast 50™.

A focus on a solid recurring revenue base, client retention and winning business directly is credited for the 41st place ranking for Desire2Learn, an organically-grown and self-funded company.

“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Desire2Learn is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold.”

John Baker, President & CEO, Desire2Learn, acknowledges the dedication and commitment of the global team of employees, along with the drive and motivation of clients’ success, for the company’s 362 percent revenue growth between 2004 and 2008.

“To receive this prestigious award for the fourth consecutive year, and as we celebrate our 10th anniversary, is a real honor for us; we are thrilled. It is a testament to the client-orientation of our staff,” stated Baker. “We saw growth in 2008 despite it being a challenging year. We are excited about the potential for 2009 and beyond as we continue working with our visionary clients, to drive innovation and deliver world-class learning technology that will transform teaching and learning.”

For over 12 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50™ augments the broader Deloitte North American Technology Fast 500 initiative. Although, as a Fast 50™ winner, Desire2Learn is automatically eligible for this elite ranking, Desire2Learn does not disclose its financials.

To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50�

The Deloitte Technology Fast 50� program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the 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 re-use of the earth’s resources in industrial production and consumption). Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.

About Desire2Learn Incorporated

Desire2Learn Incorporated is a world-leading provider of enterprise eLearning solutions that enable institutions and other organizations to create teaching and learning environments that reflect their vision, values, goals, pedagogical approaches and branding. Desire2Learn and its subsidiaries support more than five million learners worldwide and clients include higher education, K-12, as well as associations, government and other leading organizations. Founded in 1999, Desire2Learn is headquartered in Kitchener, ON, Canada with personnel located in North America, the U.K. and Australia. For more information, visit: www.Desire2Learn.com, call 1.519.772.0325 or toll-free 1.888.772.0325 (within North America), 0808.234.6744 (U.K.) and +61 412 067 308 (Australia).

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John McLeod
Director of Marketing
Desire2Learn Incorporated
519.772.0325 ext. 378
PR@Desire2Learn.com