What is Deloitte's role in the Technology Fast 50™ program?

Each year Deloitte receives hundreds of nomination forms for the Technology Fast 50^TM awards. Each nominee confidentially provides revenue details for the past five years, a brief descriptive profile, and basic information about its business. Once received, nomination forms are reviewed and verified by Deloitte for eligibility. After the entry deadline, Deloitte ranks each company according to its five-year revenue growth. Also, teams from Deloitte and other Deloitte Technology Fast 50™ sponsors conduct face-to-face interviews across Canada. Companies are judged on criteria such as market attractiveness and competitive advantage.  The results of these interviews are sent to regional and national judging panels made up of Deloitte and subject matter experts from sponsors who help determine and rank the leaders in each category.

Are rankings based on fiscal or calendar year revenues?

The 2012 Deloitte Technology Fast 50^TM ranking is based on fiscal year revenue growth covering years 2007 to 2011.

How is the revenue growth calculated?

Companies are ranked based on percentage growth of fiscal year operating revenues over five years (2007 to 2011).
Here's the math: 2011 revenues minus 2007 revenues divided by 2007 revenues = total percentage growth over five years.
(2011 - 2007) / 2007 = 5 year % growth

Why are rankings based on growth of revenues rather than on profits?

Since companies have different ways of recognizing profits, Deloitte determined that a ranking based on pure revenues makes the most sense. Ranking fast-growth technology companies by revenue growth sets a level playing field for all nominated companies and makes the Technology Fast 50^TM program as fair and accurate as possible.

Will my company's revenue numbers be made public?

The Technology Fast 50^TM  and North American Technology Fast 500^TM programs only publish five-year revenue growth rates.

Why does Deloitte require copies of financial statements?

We collect copies of your audited financial documents to assist us in evaluating your application and administer the Technology Fast 50^TM awards program. Candidates are evaluated by Deloitte and its Technology Fast 50^TM sponsors according to the published awards criteria. Unless otherwise requested, candidates' information is shared with sponsors and is retained by Deloitte to administer the awards program. The use of these documents is restricted to Deloitte and its program sponsors. For additional details on our Privacy policy and legal details please visit www.fast50.ca.

How can companies apply?

Nomination forms for the 2012 program will be available online at www.fast50.ca as of January 2012. Companies can also call 1-888-6-FAST50 should they require additional program related information.

How long does it take to submit an application?

With all the right information at hand, the application process should take no longer than 20 minutes.

How many companies apply to the program each year?

Each year, Deloitte receives hundreds of nominations.

What is the difference between the Deloitte Technology Fast 500 and Deloitte Technology Fast 50^TM programs?

The Deloitte Technology Fast 500 is a North American program and the Deloitte Technology Fast 50^TM is a regional program. The Deloitte Technology Fast 500 is a ranking of the 500 fastest growing companies in North America.

Are all Technology Fast 50^TM-ranked companies eligible for the Deloitte Technology Fast 500 ranking?

Yes