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NexJ Systems Inc. Ranks In Top 5 Of The Deloitte Technology Fast 50™ Program For Third Consecutive Year

Stocks in this article: NXJ

NexJ named one of Canada's Fastest Growing Technology Companies

TORONTO, Nov. 14, 2012 /CNW/ - NexJ Systems Inc. (TSX: NXJ), a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance, and healthcare industries, today announced it ranked as the fifth fastest growing technology company in Canada in the 15th annual Deloitte Technology Fast 50™ awards program. The Fast 50 program recognizes the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. NexJ's increase in revenues of 3,153 percent from 2007 to 2011 resulted in their fifth place ranking.

"Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create jobs, and invest in R&D," said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "NexJ is an example of a company that shows passion, determination and drive that are so important for growth in the Canadian technology sector."

"To remain a high growth company, NexJ continues to invest in sales and marketing and deliver innovative, cutting-edge solutions," said William M. Tatham, Chief Executive Officer, NexJ Systems.  "We will pursue strategic acquisitions and partnerships, sell further into our target industries while evaluating new markets, and look to expand globally."

Now in its 15th year, the Deloitte Technology Fast 50™ program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.

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, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

About NexJ Systems Inc.

NexJ is a provider of cloud-based software, delivering enterprise customer relationship management (CRM) solutions for the financial services, insurance, and healthcare industries.  Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.  Organizations use this knowledge to provide superior sales and service by enabling proactive interactions that influence behavior.

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