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  • Kitchener-Waterloo, ON

Desire2Learn Ranked 23rd Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50

Desire2Learn is recognized for third consecutive year as one of Canada's fastest growing technology companies in the prestigious Deloitte Technology Fast 50

Desire2Learn Incorporated (Desire2Learn), a leading provider of mission-critical enterprise eLearning solutions, has once again been ranked amongst the fastest growing technology companies in Canada in the 2008 Deloitte Technology Fast 50.

Revenue growth of 920 percent from 2003 to 2007 resulted in the 23rd place ranking for Desire2Learn, which is an organically-grown and self-funded company.

For over a decade, 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, with winners automatically eligible for this elite ranking.

“Transforming technological innovation into business success is hard, and it’s especially difficult to sustain such rapid revenue growth over five years. Desire2Learn has rapidly built a highly successful company in the Canadian technology industry and we applaud its dedication and ability to transform vision into reality,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

“Desire2Learn is delighted to be a recipient of this prestigious award for the third consecutive year,” said John Baker, President & CEO, Desire2Learn. “Now in our ninth year of business, Desire2Learn continues its relentless dedication to continuous innovation, collaboration, and client-driven research and development, as well as active growth of our partner network. Our success is a measure of the accomplishments of our diverse client base.”

“Canadian technology companies have some of the highest revenue growth in North America, while playing in some of the world’s largest, most competitive and exciting market sectors,” explains Ruffolo. “Outstanding companies like Desire2Learn demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.”

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 subject matter 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 Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO. 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 supports more than five million learners worldwide and clients include higher education, K-12, as well as associations, government and other leading organizations. For more information, visit: www.Desire2Learn.com or call 1.888.772.0325.

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