Advanced Chemistry Development Named One of Canada's Fastest Growing Technology Companies
Toronto, Ont., August 24, 2001 -
Advanced Chemistry Development has been chosen as one of the fastest growing technology companies in Canada, according to the 2001 "Canadian Technology Fast 50" program, a ranking of the 50 fastest growing technology companies in Canada.
To determine the fastest growing Canadian companies, the accounting firm Deloitte & Touche called upon companies to participate in the 2001 Canadian Technology Fast 50 Program. Their accounting experts reviewed the participating companies' revenues for the past five years (1996-2000), and compared the 5-year growth percentage for companies in Canada. Making this list is quite an accomplishment for Advanced Chemistry Development, considering that it has been in existence for less than a decade!
Val Kulkov, President of ACD, attributes this fast growth to rapid product development, excellent marketing campaigns and outstanding employee teamwork that has created a positive reputation for the company and its products among customers worldwide. "Our most valuable asset is our people. Their unique skills, dedicated effort and the teamwork have been our strategic success factors."
"In an era where technology companies come and go, making the Deloitte & Touche Canadian Technology Fast 50 is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years. Advanced Chemistry Development has proven that its leadership has the right stuff to succeed, and we at Deloitte & Touche salute their accomplishments," said Garry Foster, National Director of Technology & Communications at Deloitte & Touche.
The criteria for the Deloitte & Touche Canadian Technology Fast 50 are threefold: a company must have had operating revenues of at least $75,000 CAD in 1996 and $1,000,000 CAD in 2000; must be a public or private company headquartered in Canada; and must produce technology, manufacture a technological product, or devote a high percentage of effort to research and development of technology. For more information about the program, visit www.fast50.ca.
About Deloitte & Touche
Deloitte & Touche (http://www.deloitte.ca) is one of Canada's leading professional services firms, providing a full range of assurance and advisory, tax, and management consulting services through 5,400 people in more than 44 locations across the country. The firm's professionals have been developing effective business solutions for Canadian and international companies for more than 150 years. They are dedicated to helping clients and their people excel, and have been recognized as one of the 35 best companies to work for by the Globe and Mail's Report on Business magazine. Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global leader in professional services with more than 92,000 people in over 130 countries.
About Advanced Chemistry Development Inc.
Advanced Chemistry Development, Inc. (http://www.acdlabs.com) is a leader in the field of physical property prediction, desktop chromatography and spectroscopy management, systematic naming, and Web-based access to chemistry prediction. Founded in 1993 and with headquarters in Toronto, Canada, the company employs over 90 people and has established worldwide distribution channels. ACD's mission is to define a new standard in capability for chemistry-based software, addressing the needs of spectroscopy, chromatography, physical property prediction, and chemical naming.
September Update: ACD Announces 5-Year Growth Rate of 1086%
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