Vancouver, British Columbia Canada (PressExposure) August 31, 2011 -- For the second consecutive year Appnovation Technologies has been ranked on PROFIT Magazine's "PROFIT HOT 50" list. The Vancouver based IT services company has been ranked #48 on the magazine's 12th annual list.
The PROFIT HOT 50 is the definitive ranking of Canada's Top New Growth Companies. Published in the September issue of PROFIT magazine and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.
"The PROFIT HOT 50 exhibit all the traits that underpin business success," says PROFIT editor Ian Portsmouth. "With good products, persistent and focused leaders and motivated teams, Canada's Top New Growth Companies have achieved enviable growth rates despite a shaky economy."
Since being included on last year's PROFIT HOT 50 ranking, Appnovation has added SproutCore on top of Drupal and Alfresco to their open source stack offerings to bring mobile applications that can be deployed across all platforms to their clients. The company continues to grow adding an office in the US and posting revenues in the past year of roughly $1.6 million.
"Being included two years in a row on this prestigious list is an indication that the team here at Appnovation is doing something right," says Appnovation CEO Arnold Leung. "I'm very proud of the work our team here does and recognition like this is only more incentive to keep it up."
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at http://www.PROFITguide.com.
For more information on Appnovation Technologies please visit http://www.appnovation.com