{"id":208,"date":"2007-02-07T14:22:35","date_gmt":"2007-02-07T22:22:35","guid":{"rendered":"http:\/\/www.regnordman.com\/in-the-news\/"},"modified":"2007-02-08T19:15:20","modified_gmt":"2007-02-09T03:15:20","slug":"in-the-news","status":"publish","type":"page","link":"https:\/\/www.regnordman.com\/in-the-news\/","title":{"rendered":"In the News"},"content":{"rendered":"<p><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/regnordman.com\/wp-content\/uploads\/2007\/02\/nordman-hansen_web.jpg');\"  href=\"http:\/\/regnordman.com\/wp-content\/uploads\/2007\/02\/nordman-hansen_web.jpg\" title=\"Reg Nordman and Geoffrey Hansen\"><img decoding=\"async\" src=\"http:\/\/regnordman.com\/wp-content\/uploads\/2007\/02\/nordman-hansen_web.thumbnail.jpg\" alt=\"Reg Nordman and Geoffrey Hansen\" \/><\/a><strong>\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 List taps top B.C. tech firms set for take-off<\/strong><\/p>\n<p>Rocket Builders Inc. names leaders in race for success and predicts<br \/>\nsignificant revenue growth in social networking sector for 2007<\/p>\n<p><u>Daniela Tuchel, Business in Vancouver.  February 07 2007<\/u><\/p>\n<p><img decoding=\"async\" src=\"file:\/\/\/C:\/Documents%20and%20Settings\/Reg%20Nordman\/My%20Documents\/My%20Pictures\/Nordman,%20Hansen.jpg\" \/> <img decoding=\"async\" src=\"file:\/\/\/C:\/Documents%20and%20Settings\/Reg%20Nordman\/My%20Documents\/My%20Pictures\/Nordman,%20Hansen.jpg\" \/><\/p>\n<p>Local information technology companies that develop digital media software<br \/>\nand social networks have the greatest potential for revenue growth in 2007<br \/>\nand are likely to grow faster than the IT sector as a whole, analysts say.<\/p>\n<p>Vancouver&#8217;s technology management consulting firm Rocket Builders Inc.<br \/>\nrecently released its fourth annual Ready to Rocket 25 list along with a<br \/>\n2007 IT outlook report.<\/p>\n<p>The list&#8217;s 25 companies, which were chosen from a field of more than 100,<br \/>\nare potential winners in B.C.&#8217;s information technology sector, according to<br \/>\nRocket Builders&#8217; representatives.<\/p>\n<p>Rocket Builders managing director Geoffrey Hansen said the province has some<br \/>\npromising young companies that are focused on digital media and social<br \/>\nnetworks, which involve a community that&#8217;s built around common interests and<br \/>\nmemberships.<\/p>\n<p>&#8220;We expect many of these companies to emerge as strong growth companies in<br \/>\n2007 and beyond,&#8221; said Hansen.<\/p>\n<p>He added that 2006&#8217;s hottest IT trends were software as a service (SaaS),<br \/>\nwireless, security and customer relationship technologies.<\/p>\n<p>SaaS involves the use of software that&#8217;s rented and hosted on the Internet<br \/>\nrather than being downloaded to a computer.<\/p>\n<p>Hansen said many companies find SaaS more convenient because it saves time<br \/>\nand usually costs less than paying for licensed applications. It also frees<br \/>\ncompanies up from having to buy additional hardware or perform software<br \/>\nmaintenance.<\/p>\n<p>Hansen said Rocket Builders&#8217; research found a high correlation between SaaS<\/p>\n<p><script><!-- D([\"mb\",\"business models and rapid revenue growth.\n\nThe key trends identified in Rocket Builders\\\\\\\\\\\\\\\\\\\\\\' 2007 outlook are among the measuring sticks used to judge the companies chosen for the Ready to Rocket list.\n\nHansen said that to qualify for the list, companies must have fully commercialized technology.\n\nVivonet Inc. and Vision Critical Inc. posted the highest annual revenue increase among companies on the list, both far exceeding 100% growth over the previous year.\n\nThe two software companies are leveraging SaaS to win customers in Canada and the U.S.\n\nVivonet co-founders Ryan Volberg and Kevin Falk are on Business in Vancouver\\\\\\\\\\\\\\\\\\\\\\'s 2006 Top Forty under 40 list.\n\nGaleForce Solutions Inc. is another software company that appears ready to rocket in 2007. Established four years ago, the Vancouver company works with Microsoft to provide customer relationship management software for commercial and investment banks and capital markets in Canada and the U.S.\n\nIt\\\\\\\\\\\\\\\\\\\\\\'s the company\\\\\\\\\\\\\\\\\\\\\\'s second appearance on the list. GaleForce recorded sales of approximately $5 million in 2006.\n\nTwo companies that were on last year\\\\\\\\\\\\\\\\\\\\\\'s Ready to Rocket list were involved in major acquisition deals in 2006: Burnaby\\\\\\\\\\\\\\\\\\\\\\'s Convedia Corp. was bought by Hillsboro, Oregon-based RadiSys Corp. for about $105 million, and Vancouver\\\\\\\\\\\\\\\\\\\\\\'s IronPoint Technology Inc. was acquired by San Diego, California-based Active Network Inc. for an undisclosed amount.\n\nThe 2006 median growth of the companies surveyed for the list was 50% compared with 2005. Their median annual revenue was $2 million. Software firms in B.C. have an average of about 30 employees.\n\n<a onclick\\u003d\\\"return top.js.OpenExtLink(window,event,this)\\\" href\\u003d\\\"mailto:dtuchel@biv.com\\\">dtuchel@biv.com \",1] );  \/\/--><\/script>business models and rapid revenue growth.<\/p>\n<p>The key trends identified in Rocket Builders&#8217; 2007 outlook are among the<br \/>\nmeasuring sticks used to judge the companies chosen for the Ready to Rocket<br \/>\nlist.<\/p>\n<p>Hansen said that to qualify for the list, companies must have fully<br \/>\ncommercialized technology.<\/p>\n<p>Vivonet Inc. and Vision Critical Inc. posted the highest annual revenue<br \/>\nincrease among companies on the list, both far exceeding 100% growth over<br \/>\nthe previous year.<\/p>\n<p>The two software companies are leveraging SaaS to win customers in Canada<br \/>\nand the U.S.<\/p>\n<p>Vivonet co-founders Ryan Volberg and Kevin Falk are on Business in<br \/>\nVancouver&#8217;s 2006 Top Forty under 40 list.<\/p>\n<p>GaleForce Solutions Inc. is another software company that appears ready to<br \/>\nrocket in 2007. Established four years ago, the Vancouver company works with<br \/>\nMicrosoft to provide customer relationship management software for<br \/>\ncommercial and investment banks and capital markets in Canada and the U.S.<\/p>\n<p>It&#8217;s the company&#8217;s second appearance on the list. GaleForce recorded sales<br \/>\nof approximately $5 million in 2006.<\/p>\n<p>Two companies that were on last year&#8217;s Ready to Rocket list were involved in<br \/>\nmajor acquisition deals in 2006: Burnaby&#8217;s Convedia Corp. was bought by<br \/>\nHillsboro, Oregon-based RadiSys Corp. for about $105 million, and<br \/>\nVancouver&#8217;s IronPoint Technology Inc. was acquired by San Diego,<br \/>\nCalifornia-based Active Network Inc. for an undisclosed amount.<\/p>\n<p>The 2006 median growth of the companies surveyed for the list was 50%<br \/>\ncompared with 2005. Their median annual revenue was $2 million. Software<br \/>\nfirms in B.C. have an average of about 30 employees.<\/p>\n<p><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/dtuchel@biv.com\/');\"  href=\"mailto:\/\/dtuchel@biv.com\/\" onclick=\"return top.js.OpenExtLink(window,event,this)\">dtuchel@biv.com<\/a><\/p>\n<p><strong><br \/>\nTech firm Exponentia among 25 set for liftoff<\/strong><br \/>\nPeter Wilson<br \/>\n<u> Vancouver Sun Wednesday, January 24, 2007<\/u><\/p>\n<p><u><\/u><br \/>\nVancouver-based mobile games company Exponentia Communications &#8212;<br \/>\nfresh off a major deal with the National Hockey League &#8212; says it&#8217;s ready to<br \/>\nhit the next level with the announcement that it has been named one of<br \/>\nB.C.&#8217;s 25 privately held tech firms that are &#8220;ready to rocket&#8221;.<br \/>\n&#8220;The timing is very good for us right now,&#8221; said Exponentia managing partner<br \/>\nAndrew Gregory, whose company was one of eight named today to the Ready<br \/>\nto Rocket 25 list for 2007, compiled by tech consultants Rocket Builders.<br \/>\n&#8220;There&#8217;s been an explosion related to people using their mobile phones to<br \/>\nconnect and interact, so I think our platform PlayAction is here at the right<br \/>\ntime.&#8221;<br \/>\nAlso looking forward to a boom year is 90 Degrees Software, whose reporting<br \/>\napplications are designed &#8212; with their integration with the new Windows Vista<br \/>\nand Microsoft Office 2007 &#8212; to make business reporting easier for the<br \/>\naverage user who doesn&#8217;t have a lot of tech skills.<br \/>\nMichael Matrick, president of 90 Degrees, the core of whose team comes from<br \/>\nthe old Crystal Decisions, said his company&#8217;s new product Radius has come<br \/>\nalong at the right time to help Microsoft win over reporting in the general<br \/>\nmarketplace through everyday tools like Office.&#8221;We&#8217;re a bit of a change agent,and a catalyst for users to migrate to<br \/>\nMicrosoft.&#8221;<br \/>\nThe two companies were joined as newcomers to the list by The Level<br \/>\nConsulting, Actenum Corporation, Elastic Path Software, Constructive Media,<br \/>\nActiveState Software and QuIC Financial technologies.<br \/>\nAccording to Rocket Builders, of the firms named to the list in 2006 two,<br \/>\nIronPoint Technologies and Convedia Corp. were acquired.<br \/>\nOF THE OTHERS:<br \/>\n&#8211; <strong>More than 50 per cent exceeded revenue growth of 50 per cent.<br \/>\n&#8211; More than 25 per cent achieved revenue growth above 100 per cent.<br \/>\n&#8211; More than 30 per cent received new investments.<br \/>\n&#8211; Top performers on the list had growth of more than 200 per cent.<\/strong><br \/>\nReg Nordman, Rocket Builders&#8217; managing partner, said that the revenue<br \/>\ngrowth of the companies was impressive, compared with an average growth<br \/>\nin the IT sector of just five per cent.<br \/>\nAnother Rocket Builders managing partner, Geoffrey Hansen, said that just to<br \/>\nstay on the list companies had to do at least 30-per-cent revenue growth.<\/p>\n<p>&#8220;The new ones were chosen because they&#8217;re companies we&#8217;ve been watching<br \/>\nfor a few years, and all of a sudden they&#8217;ve sort of figured it out,&#8221; said<br \/>\nHansen. &#8220;Sometimes as a start-up they build something and they don&#8217;t find<br \/>\nthe right market. But when they do find the market and they get the product<br \/>\njust right, they take off.<br \/>\n&#8220;And others on the list are just seeing the trends have shifted to where they<br \/>\nwere.&#8221;<br \/>\nHe cited Exponentia as one such firm, which had been developing solidly over<br \/>\nthe past few years and then found itself in the middle of an extremely hot<br \/>\nspace. (networks@png.canwest.com)<br \/>\nREADY TO ROCKET<br \/>\n2007 ADDITIONS TO THE READY TO ROCKET LIST:<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.exponentia.com');\"  href=\"http:\/\/www.exponentia.com\"><strong> Exponentia Communications Corp.<\/strong><\/a> Vancouver (www.exponentia.com) &#8212;<br \/>\nRecently announced a deal with the NHL that enables NHL fans to make live<br \/>\npredictions via their mobile phone. Players challenge their friends, create their<br \/>\nown leagues and compete for team jerseys and other prizes. Does similar<br \/>\nwork for other sports teams.<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.thelevel.com');\"  href=\"http:\/\/www.thelevel.com\"><strong> The Level Consulting Ltd<\/strong><\/a>. Vancouver (www.thelevel.com) &#8212; Creates web<br \/>\nportals. Among its clients are Grant Thornton, Ballard Power, GolfBC and<br \/>\nSimon Fraser University.<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.90degreesoftware.com');\"  href=\"http:\/\/www.90degreesoftware.com\"><strong> 90 Degrees Software Ltd<\/strong><\/a>. Vancouver (www.90degreesoftware.com) &#8212; Most<br \/>\nrecent product launch was for an application called Radius, which runs on<br \/>\nWindows Vista and is aimed at medium-sized companies who want employees<br \/>\nwithout a highly technical background to be able to generate reports.<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.actenum.com');\"  href=\"http:\/\/www.actenum.com\"><strong> Actenum Corp<\/strong><\/a>. Vancouver (www.actenum.com) &#8212; Offers flexible scheduling<br \/>\nsolutions to asset-intensive companies like those in the oil and gas industry<br \/>\nthat need to be able to actively manage their assets.<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.elasticpath.com');\"  href=\"http:\/\/www.elasticpath.com\"><strong> Elastic Path Software Inc<\/strong><\/a>. Vancouver (www.elasticpath.com) &#8212; Provides<br \/>\ne-commerce software and shopping cart aimed at fast-growing mid-sized<br \/>\nonline retailers. Customers include Aeroplan, Florsheim and<br \/>\nElectricshopping.com<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.constructive-media.com');\"  href=\"http:\/\/www.constructive-media.com\"><strong> Constructive Media Inc<\/strong><\/a>. Vancouver (www.constructive-media.com) &#8212; Builds<br \/>\nweb portals. Among its customers are Research in Motion, Microsoft Canada,<br \/>\nSierra Wireless and Coast Mountain Bus Co.<br \/>\n<strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.activestate.com');\"  href=\"http:\/\/www.activestate.com\"> ActiveState Software<\/a> <\/strong>Vancouver (www.activestate.com) &#8212; Provides tools and<br \/>\nservices for dynamic computer languages like Perl Perl, PHP, Python, Ruby,<br \/>\nand Tcl. Much of what they provide is essential to the mainstream of current<br \/>\nweb development.<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.quic.com');\"  href=\"http:\/\/www.quic.com\"><strong> QuIC Financial Technologies Inc<\/strong><\/a>. Vancouver (www.quic.com) &#8212; The<br \/>\ncompany&#8217;s software helps run things like hedge funds, and do risk<br \/>\nmanagement in the financial industry.<br \/>\n&#8211; &#8211; &#8211;<br \/>\nTHEY JOIN HOLDOVERS FROM LAST YEAR&#8217;S READY TO ROCKET LIST:<br \/>\n<strong> Abebooks Inc.;AirG Inc.; Bycast Inc.; Colligo Networks Inc.; FinancialCAD<br \/>\nCorp.; Flowfinity Wireless Inc.; GaleForce Solutions Inc.; Genologics Life<br \/>\nSciences Software Inc.; Layer 7 Technologies Inc.; NewHeights Software<br \/>\nCorp.; ResponseTek Networks Corp.; RewardStream Inc.; Sxip Identity<br \/>\nCorp.; Tantalus Systems Corp.; TenDigits Software Inc.; Vision Critical Inc;<br \/>\n<\/strong>and <strong>Vivonet Inc.<\/strong><br \/>\n&#8211; &#8211; &#8211;<br \/>\nCOMPANIES AND PRODUCTS TO WATCH IN 2007:<br \/>\n<strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.broadmotion.com');\"  href=\"http:\/\/www.broadmotion.com\"> Broadmotion Inc<\/a>.<\/strong> (www.broadmotion.com), which does video compression;<br \/>\n<a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.clubpenguin.com');\"  href=\"http:\/\/www.clubpenguin.com\"><\/a><strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.clubpenguin.com');\"  href=\"http:\/\/www.clubpenguin.com\"> Club Penguin<\/a> <\/strong>from New Horizon Interactive Inc. (www.clubpenguin.com), a<br \/>\nMySpace for kids; <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.dabbledb.com');\"  href=\"http:\/\/www.dabbledb.com\"><strong>Dabble DB<\/strong><\/a>, an online data base product, from<br \/>\nSmallthought Systems Inc. (www.dabbledb.com); <strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.eqo.com');\"  href=\"http:\/\/www.eqo.com\">EQO<\/a>,<\/strong> instant messaging<br \/>\nand VoIP on mobile phones from Neltura Technology Inc. (www.eqo.com);<br \/>\n<strong> <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.itiva.com');\"  href=\"http:\/\/www.itiva.com\">Itiva<\/a>,<\/strong> digital video content, from Itiva Digital Media (www.itiva.com);<br \/>\n<strong> <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.mailchannels.com');\"  href=\"http:\/\/www.mailchannels.com\">MailChannels<\/a><\/strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.mailchannels.com');\"  href=\"http:\/\/www.mailchannels.com\">, <\/a>anti-spam solutions, from MailChannels Corp.<br \/>\n(www.mailchannels.com);<strong> <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.mixpo.com');\"  href=\"http:\/\/www.mixpo.com\">MixPo<\/a>,<\/strong> social media site, from PixPo Inc.<br \/>\n(www.mixpo.com); <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.movieset.com');\"  href=\"http:\/\/www.movieset.com\"><strong>MovieSet<\/strong>, <\/a>aggregator of content from movie sets, from<br \/>\nNew City Entertainment Inc. (www.movieset.com); <strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.qumana.com');\"  href=\"http:\/\/www.qumana.com\">Qumana<\/a>,<\/strong> blogger<br \/>\nadvertising service from Qumana Software Inc. (www.qumana.com);<br \/>\n<strong> <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.worksight.net');\"  href=\"http:\/\/www.worksight.net\">Worksight<\/a><\/strong><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.worksight.net');\"  href=\"http:\/\/www.worksight.net\">, <\/a>online employee scheduling, Resonance Software Inc.,<br \/>\n(www.worksight.net); <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.rfind.com');\"  href=\"http:\/\/www.rfind.com\"><strong>Rfind Systems<\/strong><\/a>, radio frequency identificaiton,<br \/>\nRfindSystems Inc. (www.rfind.com); <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.rip.tv');\"  href=\"http:\/\/www.rip.tv\"><strong>RiPTV<\/strong>, <\/a>extreme sports content<br \/>\naggregation from RipTV (www.rip.tv); <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.snipshot.com');\"  href=\"http:\/\/www.snipshot.com\"><strong>Snipshot<\/strong>, <\/a>online photo editing, Treefly<br \/>\ninc. (www.snipshot.com); <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.sparkrobotics.com');\"  href=\"http:\/\/www.sparkrobotics.com\"><strong>Spark Robotics<\/strong><\/a>, manageable robots, Spark Robotics<br \/>\nTechnology Inc. (www.sparkrobotics.com); <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.sutus.com');\"  href=\"http:\/\/www.sutus.com\"><strong>Sutus<\/strong>, <\/a>technology for small<br \/>\noffices, Sutus Inc. (www.sutus.com); and <a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.techneos.com');\"  href=\"http:\/\/www.techneos.com\"><strong>Techneos<\/strong>, <\/a>survey<br \/>\nsoftware,Techneos Systems Inc. (www.techneos.com).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 List taps top B.C. tech firms set for take-off Rocket Builders Inc. names leaders in race for success and predicts significant revenue growth in social networking sector for 2007 Daniela Tuchel, Business in Vancouver. February 07 2007 Local information technology companies that develop digital media software and social networks have the greatest potential for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/pages\/208"}],"collection":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/comments?post=208"}],"version-history":[{"count":0,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/pages\/208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/media?parent=208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}