Field ID Chosen as One of Canada’s Select “Companies-to-Watch” in the 2010 Deloitte Technology Fast 50TM Awards
Toronto, September 23, 2010 - N4 Systems, the operating company behind Field ID, won a coveted Companies-to-Watch Award, one of four separate awards categories that make up the 2010 Deloitte Technology Fast 50TM Awards, the pre-eminent technology awards program in Canada.
The Companies-to-Watch Award honours early-stage Canadian technology companies in business less than five years. These companies exemplify many of the winning characteristics of Deloitte Technology Fast 50TM ranked companies, which are judged using a longer track record.
"Companies-to-Watch award winners frequently go on to score high rankings in the Deloitte Technology Fast 50 once they have a five-year track record," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Field ID has quickly distinguished itself for its innovative technology and entrepreneurship and this award recognizes its potential as a future leader in the Canadian technology industry."
Field ID's CEO, Somen Mondal, credits ease of use, customer service and a talented workforce with the company's early stage success. Mondal said, "Our Field ID inspection software solves a real world problem that organizations face every day. With all the recent high profile accidents in the mining and offshore oil industry, organizations can no longer manage their inspection and safety compliance with paper. We are honoured to be in such an elite group of companies."
"Field ID is a cloud-based solution that uses mobile devices and electronic identification to completely change the way people manage safety. Field ID has grown rapidly since our inception. We started out with rigging and lifting, but now customers use Field ID to manage everything from hoses and harnesses to valves and cranes. Our customers range from global mining and oil gas firms to local utility and service companies. We look forward to further growth over the next few years", noted Shaun Ricci, COO of Field ID.
The majority of Companies-to-Watch winners are potential global leaders in technology sectors that didn't even exist five years ago. To win the award, companies must display the kind of management expertise and superior technology that mark a successful early-stage company poised for continued growth. To qualify for the Companies-to-Watch Award, candidates must have been operating less than five years. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.
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.
About Field ID:
Field ID makes safety simple. Field ID is the world's leading cloud-based Inspection and Safety Compliance Management (ISCM) system. Field ID has revolutionized the way the companies manage their inspections and safety compliance creating safer workplaces around the world. Based on Field ID's real-time, multi-tenant architecture, Field ID combines a web based system with handheld devices and advanced identification (RFID) to make the world of paperless safety compliance a reality. Field ID provides easy to use inspection, traceability, compliance and maintenance tools for manufacturers, distributors, third party inspectors and end users. The Field ID Safety network allows partners, vendors and end users to share product safety and quality data for an incredibly advanced, yet simple to use electronic safety pedigree. Field ID customers around the world are tracking over one million cranes, ropes, personal protective equipment and other types of critical assets. Field ID offers the fastest path to safety success. For more information please visit http://www.fieldid.com.
For more information, call 1-416-599-6464 or 1-800-996-4797 toll-free in North America.
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