Apivio Ranks 23rd in the Top 25 Canadian ICT Hardware and Infrastructure Companies; 83rd in the Annual List of Top Technology Companies in Canada
VANCOUVER, BC – April 25, 2016 – Apivio Systems Inc. (“Apivio” or the “Company”) (TSX VENTURE: APV), a leading provider of VoIP solutions, today announced that the Company placed 23rd in the Branham300’s list of “Top 25 Canadian ICT Hardware and Infrastructure Companies,” giving the Company an 83rd overall ranking in the Branham300’s benchmark list of the “Top 250 Canadian ICT Companies” for 2016.
“2015 was a tremendous year for Apivio and to be named to Branham300’s Top 25 Canadian ICT Hardware and Infrastructure Companies is a true testament to the hard work and dedication of our team,” said Rob Bakshi, President and CEO of Apivio. “This recognition of being amongst the very best in Canadian information technology also validates our vision and drive to make Apivio a global leader in the enterprise VoIP solution market.”
Founded over 10 years ago, Apivio has positioned itself as a trusted vendor to many of the world’s largest telecommunications companies by providing breakthrough voice solutions that address the unique, evolving requirements of enterprise and residential markets. Focusing on Carrier-grade VoIP phones and software solutions, in 2015, Apivio launched new product lines including its Android-based enterprise smart desktop phone, the Monet UT880, marketed with NEC Corporation of America. The strong business development efforts propelled the Company’s sales revenue to increase 29% to CAD $60 million compared to $46.5 million in 2014.
“The Branham300 is designed to promote Canada’s Information and Communication Technology industry and the people who build technology businesses in Canada. This year, we were thrilled to see Canada’s Top 250 companies set another revenue record. It is a testament to the strength of our ICT sector,” stated Wayne Gudbranson, CEO of Branham.
About the Branham300
The Branham300 is the most comprehensive listing of the top publicly traded and privately held organizations operating in the Canadian Information and Communication Technology (ICT) industry. The 25 companies in the sub-category of “Top ICT Hardware and Infrastructure Companies” are selected based on exceptional positioning and strategic direction suggesting their core competency is the sale of proprietary hardware and/or infrastructure components or systems that were developed through the company’s own research and development activities.
The Branham300, now in its 23rd year, is the best-known and most widely referenced listing of Canada’s top public and private ICT companies, ranked by revenue.
Canada’s Top 250 ICT companies delivered another banner year in 2015, generating a revenue total of $96.1 billion, an increase of 5.7% compared to the year prior. That new record number was driven by the impressive performance of Canada’s Top 250 tech companies: 75% of the Top 250 generated revenue growth, and 54% delivered double- and even triple-digit increases.
All of the Branham300 lists can be found at www.branham300.com.
About Apivio Systems
Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, please visit www.apivio.com.
This press release has been prepared by Apivio Systems Inc. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Apivio Systems Inc.
Rob Bakshi, President and Chief Executive Officer
Sean Peasgood, Investor Relations