Applied Terravision Selected as a Fast 50 Company; Deloitte & Touche Second `Big Five' Consulting Firm to Honor ATS This Year.DALLAS and CALGARY, Alberta--(BUSINESS WIRE)--Sept. 28, 1999-- Applied Terravision Systems Inc. (ATS) (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :TER Third version. See bis. ), a leader in the development of software applications for financial and associated geospatial Geospatial is a term widely used to describe the combination of spatial software and analytical methods with terrestrial or geographic datasets. The term is often used in conjunction with geographic information systems and geomatics. asset data management, has been named one of the 50 fastest growing high tech companies in Canada by Deloitte & Touche. This is the second year that ATS has been included in Deloitte & Touche's rankings. Rankings for the 1999 Canadian Technology Fast 50 awards were based on the percentage of growth in revenues over the past five years. ATS ranked 30 among the fifty companies selected, sporting a 934 percent growth over the five-year period. "The pace of the technology business is fast, so to be acknowledged as one of Canada's fastest-growing tech companies is a real honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. ," said ATS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Bob Tretiak. "We've experienced phenomenal growth in our technology business these last few years and having everyone's hard work recognized by Deloitte & Touche makes our successes seem even sweeter." The Canadian Technology Fast 50 is a national program that annually honors 50 high technology companies that have achieved extraordinary commercial success through the highest rates of revenue growth over the previous five-year period. Eligibility for the award was based on five criteria. Candidates had to be considered a technology company. Other criteria included having a business life span of five or more years, having 1994 revenues of at least $75,000, having 1998 revenues of at least $1,000,000 and being legally incorporated and headquartered in Canada. The ranking of the 50 fastest-growing companies included public and private, large and small, and all technology industry segments, including biotechnology, semiconductors, Internet, software and communications. "Today, there are thousands of high technology companies in Canada, many of whom are vying vy·ing v. Present participle of vie. vying vie for a share of the highly competitive marketplaces in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and other markets worldwide. The Canadian Technology Fast 50 winners have proven they can compete successfully by consistently delivering technological wonders," said Garry Foster, Deloitte & Touche's national director for the high technology sector. "Deloitte & Touche commends Applied Terravision for having the vision and determination to become one of the 50 fastest growing companies in Canada." Deloitte & Touche is the second "Big Five" consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a to recognize ATS as one of the fastest-growing technology companies in North America this year. The company was also recently selected as one of Arthur Andersen's FastTech 50, a program recognizing up-and-coming technology businesses. More information on the Canadian Technology Fast 50 program is available on Deloitte & Touche's Web site at www.deloitte.ca. Headquartered in Calgary, Alberta, with offices in Dallas and Houston, Applied Terravision Systems is an established North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. provider of integrated financial accounting and asset-ownership software and services to public and private sectors. Additional information on ATS and its Artesia Systems Group is available at www.atsi.com. |
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