Allegro Mobile Solutions

MISSISSAUGA, ONT., October 4th 2010 – Allegro Mobile Solutions ranked 22nd amongst the Deloitte Technology Fast 50TM, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Allegro's increase in revenues of 1,007 percent from 2005 to 2009 resulted in a 22nd ranking. 

For over 13 years, the Deloitte Technology Fast 50TM program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50TM 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 John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Allegro Mobile Solutions 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.”

Allegro Mobile Solutions' CEO Savino Griesi thanks the company’s customers, people and partners for the 1,007 percent revenue growth.

Griesi said, “They are the foundation upon which Allegro is building its success. We thank our clients for bringing us their challenges in mobilizing their enterprise, along with their trust in our ability to deliver. Our enterprise mobility professionals consistently exceed our clients’ expectations, by leveraging their strong skills and experience to build integrated world-class mobility solutions under challenging timelines. We could not do this without our partners who rely on Allegro to successfully integrate and deploy enterprise mobility solutions with their strategic accounts.

Strategic milestones we’ve accomplished over the last year include:

• Supporting three major Canadian retailers in deploying their wireless networks, wireless intrusion prevention systems (required for PCI compliance), thousands of mobile devices all of which are managed through centralized management platforms across thousands of Canadian retail stores.
• The Allegro Mobility Platform is the First Certified Mobile Platform for SAP Retail integrating Portable Data Capture of Store Requirements Planning, Goods Receipt, Goods Movements and Physical Inventory.
• Delivering a next generation Global Distribution Management Suite featuring a highly configurable framework, developed to enable Private Fleet Solutions for our growing base of large global manufacturers and third party logistics clients.”

To qualify for the Deloitte Technology Fast 50TM 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 evaluate and judge 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 50TM - The Deloitte Technology Fast 50TM 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 50TM 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 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM 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, GrowthWorks, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.