Binary Stream Software Ranked as one of Canada’s Fastest Growing Companies on 2013 PROFIT 500 List
Binary Stream Software one of fourteen on the list to fund own growth
Burnaby, BC — June 3, 2012— Binary Stream Software is pleased to announce they have been named as one of Canada’s Fastest-Growing Companies by PROFIT Magazine. As a provider of enterprise software solutions for the Microsoft Dynamics GP and Finance and Operations platforms, Binary Stream has grown 93% without any external financing. Proclaimed by PROFIT as “the most dynamic and exciting organizations in Canada,” this list represents the top 500 businesses operating in Canada, a great achievement for Binary Stream Software. Having been recognized within this group puts Binary Stream amongst the industry leaders in the Canadian economy.
Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 500 profiles the country’s most successful growth companies. “PROFIT is proud to now showcase Canada’s forward-thinking small business entrepreneurs and honor their talents and innovations says Ian Portsmouth, Publisher and Editor-in-Chief of PROFIT Magazine.
“Another great challenge for the PROFIT 500 companies: funding their growth,” writes Portsmouth. “Few of these companies have enjoyed sufficient cash flow or profits to finance breakneck growth entirely by themselves; only 14 have not accessed an external source of financing over the past five years.” Binary Stream has worked hard to grow organically and rank in this third percentile.
For over a decade, Binary Stream Software has provided Microsoft Dynamics GP users key industry and enterprise level functionality to serve market needs. Working closely with Microsoft technologies, Binary Stream helps bring multi-entity and deep industry functionality to the ERP space. Binary Stream’s President and CEO, Lak Chahal states, “It is a great honor to be named as one of the 500 Fastest-Growing Companies in all of Canada. It has been an exciting journey to get here and we have many people to thank for our success.” PROFIT 500 states that when the companies’ chief executives were asked to identify the key drivers of their success, “our people” was the most common answer. “To us, it really is a success factor,” continued Chahal. “With better people, you dramatically increase your odds of success.”
About Binary Stream Software
Binary Stream provides comprehensive Industry and enterprise-level ERP functionality to optimize critical business processes by extending the functionality of Dynamics GP and Finance and Operations and assist customers with deep and complex business requirements.
Binary Stream Software is an award-winning Microsoft Gold Certified, lower-cost ERP solution. With over 1,000 customers, ranging from mid-sized to billion-dollar organizations. Representing organizations across a wide range of industries, see why Binary Stream is consistently ranked in the top 5% of Microsoft partners worldwide.
Binary Stream Software has been awarded: Business in Vancouver’s BC’s Top 100 Fastest Growing Companies for 2011, 2010, 2009 and 2008; PROFIT 200’s list of Canada’s Fastest-Growing Companies; CDN Channel Elite’s Best Mid-Market Solution finalist for 2011 and 2010.
About PROFIT Magazine and PROFITguide.com
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 31 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 PROFITguide.com.
For Additional Information:
Jake O’Brien, 604-522-6300 x 114, firstname.lastname@example.org