Elastic Path Software Continues to Soar as Leading Private Vancouver Company
Ready to Rocket names 25 privately held tech firms with high growth potential in 2007
Vancouver, BC, Canada, February 1, 2007 -- Elastic Path Software, the pioneer of flexible ecommerce software, today announced that it has been identified as one of the top twenty-five private Vancouver companies positioned to capitalize on growth in the information technology (IT) sector. The announcement comes on the heels of a record close to the company’s fiscal year with over 60 percent increase in license revenue and acquisition of over 70 new customers. In early 2007, company momentum has continued, fueled by the release of Elastic Path 5, its re-engineered open-source platform and its AJAX-powered Elastic Path One Page technology in the October 2006.
"We are delighted to be recognized as one of Vancouver’s leading private companies," says Harry Chemko, co-founder and chief executive officer of Elastic Path Software. "We have grown the company to service over 130 global retailers without taking any outside capital. We attribute our success to remaining steadfast in our mission to provide a flexible, affordable ecommerce platform that reduces acquisition costs, convert customers, boost the value of online transactions and ultimately enable retailers to win market share in this competitive market."
Rocket Builders released its fourth annual "Ready to Rocket 25" list along with its annual "I.T. Outlook" report. The "Ready to Rocket 25" list names twenty-five private B.C. companies who are best positioned to capitalize on the IT trends that will contribute to faster growth than the IT sector as a whole.
"We identify companies that both information technology buyers and venture capitalists will value. Our analysis of market trends led to our selection of Elastic Path Software as a Ready to Rocket 25 company," said Dave Thomas, senior partner, Rocket Builders.
The "Ready to Rocket 25" list is the only predictive list of its kind in North America. In past years, the list has accurately chosen companies that have significant revenue growth, that are more likely to receive investment and that are more likely to get acquired. To view the list of 2007 "Ready to Rocket" companies please go to www.readytorocket.com.
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. 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 https://www.elasticpath.com.