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Claron Technology Makes the PROFIT 200 List for the Third Consecutive Year
Date:6/1/2011

TORONTO, June 1, 2011 /PRNewswire/ -- Claron Technology makes the PROFIT 200 list for the third consecutive year.

Medical imaging software developer Claron Technology, headquartered in Toronto, has been included in the 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine. Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.

This is the 3rd consecutive year in which Claron appears on the list. Last year, Claron was ranked 82nd, based on its 760% revenue growth from 2004 to 2009. This year, Claron was ranked 191, based on its 212% revenue growth to $3,339K CAD ($3.4M USD) in 2010. The company, which is privately owned by its founders, has been profitable each year since its inception 10 years ago.

"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they've come so far, so fast."

"We see our repeated inclusion in the PROFIT 200 list as a recognition of our ability to be of growing value to our corporate partners even during times when the industry went through painful cost cutting. We continue to build that ability by broadening our technology platform, adding to our team of 30 exceptionally productive engineers and creating a minimal overhead environment that encourages contact between engineers and customers," says Doron Dekel, co-founder and Co-CEO. "We currently see strong market interest in Nil, our zero-footprint (no install) applications technology, ClaroNav, our surgical-guidance products suite, and WIF, our advanced visualization software framework. The combination of increased capacity to deliver value and increased interest in that value gives us reason to believe that our rapid growth will continue for some years to come," says Claudio Gatti, the other co-founder and Co-CEO.

About Claron Technology, Inc: Claron is dedicated to the application of image processing technology in medicine. It has extensive experience in developing systems that help clinicians identify anatomy and tissues of interest, visualize and analyse them, and safely navigate their instruments during surgical procedures. Claron helps healthcare vendors, ranging from young start-ups to giant device and IT vendors such as Philips, McKesson and Medtronic, deliver more value to their clinical customers faster by incorporating its technology into their products. Claron's technology is licensed in a range of formats, including low-level modules, platforms, sub-systems, applications and custom engineered exclusive solutions. For more details, please visit www.clarontech.com.

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 PROFITguide.com.


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SOURCE Claron Technology, Inc
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