Press Releases | January 18, 2008
Elastic Path Software Named One of BC's Top Growth Companies - Again
Vancouver company expected to continue spectacular growth
Vancouver, BC, Canada, January 15, 2008
-- Elastic Path Software, the pioneer of flexible ecommerce software, has been named to the 2008 "Ready to Rocket" list as one of the top twenty-five private companies in BC set to capitalize on growth in the information technology sector. The company certainly lived up to the "Rocket" name since being included on the 2007 list, doubling both revenue and staff while winning many new and larger customers. This announcement coincides with the release of Elastic Path Commerce 6, which is expected to fuel further growth and success.
"We are thrilled to be recognized as one of BC's top private companies again," says Harry Chemko, co-founder and chief executive officer of Elastic Path Software. "2007 saw fantastic growth for us and we have made a number of improvements to our company and product to extend this growth and propel us to the next stage. With increasing employees, customers and opportunities, 2008 should be even more exciting for Elastic Path."
Published by Vancouver-based management consulting firm Rocket Builders, the "Ready to Rocket" list is the only predictive list of its kind in North America and has accurately identified companies that went on to enjoy significant revenue growth, investment and acquisition activity. Rocket Builders managing partner Reg Nordman explains, "Each year when we choose the Ready to Rocket companies, we are looking for those companies that have best matched technical innovation with market opportunity. Elastic Path is an excellent example of the right technology for the right customers at the right time."
About Ready to Rocket
Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for revenue growth. Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies twenty-five (25) private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with "Ready to Rocket" companies exceeding the industry growth rate. Also, many of these companies raise investment capital and each year many of the profiled "Ready to Rocket" companies are acquired. For details or to view the entire list, visit http://www.readytorocket.com
About Elastic Path Software
Elastic Path Software provides a flexible ecommerce platform that gives enterprises the capabilities and control to deliver innovation in a complex environment. The Java-based platform enables integration with SOA environments and rapid development of custom features. Enterprises can now quickly adapt ecommerce tactics to gain a competitive advantage. Companies such as Aeroplan, Time Inc, and Samsonite use Elastic Path for maximum control over their evolving online stores. For more information, please visit http://www.elasticpath.com