Best Performance Recognition...
Thursday June 14, 4:39 pm Eastern Time
Press Release
SOURCE: Basis100 Inc.
Basis100 Recognized by CB Tech100 as One
of Canada's Best Performing Public
Technology Companies
Andersen and Canadian Business magazine slate Basis100 8th for
revenue growth and 6th for R&D
TORONTO, June 14 /CNW/ - Basis100 Inc. (TSE:BAS - news), an
e-commerce technology solutions provider for the financial services
industry, has been recognized by the CB Tech100 as one of Canada's
largest and best performing public technology companies. The CB
Tech100 is compiled annually by Andersen and Canadian Business
magazine, using publicly available information. Basis100 ranked 6th for
growth in research and development (R&D) spending, increasing by 277
percent, and ranked 8th for revenue growth, with a 552 percent increase
over last year's numbers.
"Basis100 impressed us with robust revenue growth based on a scalable
revenue model," said John Ruffolo, Partner in charge of Andersen's
Technology, Media and Communications Industry Practice. "Basis100 has
uniquely demonstrated that a profitable ASP revenue model can be
successfully executed in a technology company."
Based on data compiled by Andersen of Toronto, the CB Tech100 ranks
companies by revenue in their most recently reported fiscal year. The
companies are recognized for growth overall, market cap, revenue,
profitability, R&D spending and employee productivity, which collectively
totaled CDN $124 billion, an increase of more than 33 percent over the
previous year, signifying Canada's technology market is moving ahead
steadily.
Gary Bartholomew, Chairman and CEO, was joined by Jeff Patterson, VP
and General Manager of Basis100 to accept the award on behalf of the
company. "We are honored to be recognized by Andersen and Canadian
Business magazine with this award," said Bartholomew. "We have worked
hard to bring a comprehensive end-to-end solution to the mortgage
industry, evidenced by our R&D investment. The mortgage industry is
adopting our products confidently. As a result, Basis100 is well positioned
for continued growth, as demonstrated for six consecutive quarters."
About Basis100
Basis100 is a leading e-commerce technology solution provider for financial institutions and service
providers enabling them to build, distribute, buy and sell their products and services in new ways.
Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service
vendor markets across North America. For more information about Basis100, visit
www.basis100.com.
Forward-looking (safe harbor) statement
Statements made in this news release that relate to future plans, events or performances are
forward-looking statements. Any statement containing words such as "believes", "plans", "expects"
or "intends" and other statements which are not historical facts contained in this release are
forward-looking, and these statements involve risks and uncertainties and are based on current
expectations. Consequently, actual results could differ materially from the expectations expressed in
these forward-looking statements.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available
on the Canadian Press Photo Network/
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