Nightingale Informatix Corp Ranked 50 Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50™
19 Oktober 2011 - 8:00PM
PR Newswire (Canada)
MARKHAM, ON, Oct. 19, 2011 /CNW/ - Nightingale Informatix
Corporation ("Nightingale" or the "Company"), an application
service provider (ASP) of electronic medical record (EMR) software
and related services is ranked among the Deloitte Technology Fast
50, a ranking of the 50 fastest growing technology companies in
Canada, based on the percentage of revenue growth over five years.
Nightingale Informatix Corp's increase in revenues of 294% percent
from 2006 to 2010 resulted in a 50 ranking. For 14 years, the
Deloitte Technology Fast 50™ program has tracked the successful
growth of Canadian-grown global leaders. Now Canada's pre-eminent
technology award program, the Deloitte Technology Fast 50 augments
the broader Deloitte North American Technology Fast 500 initiative,
with winners automatically eligible for this elite ranking.
"Canadian technology companies have demonstrated some very
impressive growth numbers over the past year, amid the challenges
of an uncertain global economic recovery," said Richard Lee,
National Leader, Technology, Media & Telecommunications
Industry Group, Deloitte. "Nightingale is an example of the
determination, drive and skill that will serve to position them for
further growth and success in the years to come." Nightingale's CEO
Sam Chebib, credits the company's investment in innovation and
commitment to quality with the company's 294% percent revenue
growth. Chebib said, "There is a collective understanding within
our organization to consistently deliver on our company promise,
which is to put the customer first. This has been a key driver in
the steady growth of our business, aptly positioning us as the
leading EMR in Canada." To qualify for the Deloitte Technology Fast
50™ ranking, companies must have been in business for at least five
years, have revenues of at least $5 million, be headquartered in
Canada, own proprietary technology, and conduct research and
development activities in Canada. A panel of industry experts
evaluates and judges companies based on four key criteria:
competitive advantage; size, growth, and market attractiveness;
management effectiveness and organization; and financial
performance. About the Deloitte Technology Fast 50™ The Deloitte
Technology Fast 50™ program is Canada's pre-eminent technology
awards program. Celebrating business growth, innovation and
entrepreneurship, the program features four distinct categories
including the Technology Fast 50™ Ranking, Companies-to-Watch
Awards (early-stage Canadian tech companies in business less than
five years, with the potential to be a future Deloitte Technology
Fast 50 candidate,) Leadership Awards (companies that demonstrate
technological leadership in four industry subcategories:
hardware/semiconductor, software, telecommunications and emerging
technologies) and the Deloitte Technology Green 15™ Awards
(Canada's leading GreenTech companies that promote a more efficient
use and re-use of the earth's resources in industrial production
and consumption.) Program sponsors include Deloitte, Gowlings,
Wellington Financial, TMX Group, HKMB Hub International, National
Angel Capital Organization, CVCA, MaRS and IGLOO Software. For
further information, visit www.fast50.ca. About Nightingale
Informatix Corp. Nightingale is one of the fastest growing health
care service and software companies in North America. It is
recognized as an industry leader in Web-based (ASP) clinician and
community based electronic medical records (EMR) serving the needs
of small primary care practices, multi-physician outpatient
clinics, and large scale regional health organizations and
networks. Coupled with integrated practice management,
transcription and revenue cycle management, Nightingale's
comprehensive service offering allows customers to enhance patient
care, increase revenue opportunities and optimize operations.
Nightingale is continuously innovating and enhancing its services
to meet the needs of its growing and diverse customer base.
Nightingale - Healthcare connected. Forward Looking Statement This
press release contains "forward-looking statements" respecting the
issuance and cancellation of securities of the Company within the
meaning of applicable Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may" ,"could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Nightingale to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to the speculative nature of the medical software industry,
which is affected by numerous factors beyond Nightingale's control;
the ability of Nightingale to successfully integrate its
acquisitions and any liabilities arising as a result of such
acquisitions, access to capital and agreements with its Lenders;
the existence of present and possible future government regulation;
access to debt or equity financing and agreements with its Lenders;
the significant and increasing competition that exists in the
medical software industry; the early stage of Nightingale's
business; and therefore it is subject to the risks associated with
early stage companies, including uncertainty of revenues, markets
and profitability and the need to raise additional funding.
All material assumptions used in making forward-looking statements
are based on management's knowledge of current business conditions
and expectations of future business conditions and trends. Although
management believes the assumptions used to make such statements
are reasonable at this time, our assumptions may not to be as
anticipated, estimated or intended. Certain material factors or
assumptions applied by management in making forward-looking
statements, include without limitation, factors and assumptions
regarding Nightingale's continued ability to fund its business,
rates of customer defaults, relationships with, and payments to,
lenders, demand for Nightingale's products, as well as
Nightingale's operating cost structure. Nightingale Informatix
Corporation CONTACT: Kristen Dickson, M.Sc.Account
ExecutiveEquicom, a TMX Group CompanyTel: 416.815.0700 ext.
273kdickson@equicomgroup.com
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