Elastic Path #25 in PROFIT magazine's Ranking of Canada's Fastest-growing Companies

Elastic Path #25 in PROFIT magazine's Ranking of Canada's Fastest-growing Companies

Ecommerce platform provider achieved revenue growth of 2,783% since 2003

Vancouver, BC, Canada, June 1, 2009 -- Elastic Path Software, an enterprise ecommerce platform provider, announced it is ranked #25 in the 21st annual PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine. With more than 200 clients worldwide, Elastic Path achieved revenue growth of 2,783% since 2003 as reported by PROFIT Magazine. This is the second consecutive year Elastic Path has been named on the PROFIT 100 listing.

"Our hard work and pursuit of excellence continues to pay off each year. And despite the recession, experts agree that ecommerce is one industry that is going to continue to grow," said Harry Chemko, CEO, Elastic Path Software. "We'll be there to help enterprises achieve results from their ecommerce initiatives."

The flexibility of the Elastic Path framework allows enterprises, such as Aeroplan, Samsonite, Time Inc, and TELUS to have full control in building custom requirements within their complex IT environments.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFIT100.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"The PROFIT 100 are an inspiration to entrepreneurs at all stages of growth, from startup to major corporation," says Ian Portsmouth, editor of PROFIT. "Their business practices and product innovations are exemplary of how businesses can succeed in uncertain times."

About PROFIT Magazine
PROFIT: Your Guide to Business Success, is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at www.canadianbusiness.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 https://www.elasticpath.com.