Embotics Chosen as one of Canada's select "Companies-to-Watch" in the 2008 Deloitte

By VSM News Staff
published: Thursday, September 25 2008

Technology Fast 50 Awards.

Ottawa, September 25, 2008 - Embotics, the Virtualization Lifecycle ManagementTM Company, won a coveted Companies-to-Watch Award, one of four separate awards categories that make up the 2008 Deloitte Technology Fast 50 Awards, the pre-eminent technology awards program in Canada. 

The Companies-to-Watch Award honours early-stage Canadian technology companies in business less than five years.  These companies exemplify many of the winning characteristics of Deloitte Technology

Fast 50 ranked companies, which are judged using a longer track record.

"Companies-to-Watch award winners frequently go on to score high rankings in the Deloitte Fast 50 once they have a five year track record," said John Ruffolo, national leader, Technology, Media & Telecommunications Industry Group, Deloitte.  "Embotics has quickly distinguished itself for its innovative technology and entrepreneurship and this award recognizes its potential as a future leader in the Canadian technology industry."

Embotics' CEO, Jay Litkey, credits the accelerating adoption of virtualization across enterprises and, more specifically, the need for virtual machine (VM) management, especially for preventing virtual sprawl, with the company's early stage success.  Litkey said, "Without addressing the specific differences between managing physical and virtual servers, companies will have far less control over their virtual machines than their physical ones.  Embotics provides a solution that simplifies VM management and effectively automates the controls so that overall IT costs, risks and effort are reduced for our global customer base.  This achievement confirms our position as a market leader in the virtualization management industry." 

The majority of Companies-to-Watch winners are potential global leaders in technology sectors that didn't even exist five years ago.  To win the award, companies must display the kind of management expertise and superior technology that mark a successful early-stage company poised for continued growth.  To qualify for the Companies-to-Watch Award, candidates must have been operating less than five years and have revenues less than $5 million.  They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.

About the Deloitte Technology Fast 50

The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program.  Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 candidate), Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption).  Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO. For further information, visit www.fast50.ca.

About Embotics

Embotics Corporation is the Virtualization Lifecycle ManagementTM Company focused on maximizing the business benefits of virtual servers for its customers.  Embotics' flagship product: V-CommanderTM, protects against VM sprawl by authorizing, controlling, managing, securing and tracking all VM assets, online or offline, throughout their lifecycle.  Embotics is headquartered in Ottawa, Canada.  For more information, please visit www.embotics.com.