TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2010) - Tenzing Managed IT Services (Tenzing), a leading provider of hosting solutions for Software-as-a-Service (SaaS) providers and Ecommerce systems integrators, has been listed at No. 34 on the 22nd annual PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine. Tenzing is the first managed hosting provider, and one of only a few companies to be on the PROFIT 100 for five consecutive years.
From 2004 to 2009, Tenzing's revenue grew 1590%, from $605,545 to more than $10 million. The company is also the first managed services provider in Canada to have both SAS 70 Type II (a widely recognized auditing standard developed by the American Institute of Certified Public Accountants) and ISO 27001 information security certifications to provide best-of-breed security and compliance controls. Tenzing enables Canadian and international companies hosting their business-critical applications in Canada to meet both legislative and performance demands as privacy and data protection concerns continue to grow.
"Since 2006, Tenzing has consistently maintained a strong ranking in the PROFIT 100 listing as we continue to build on our success in the SaaS and Ecommerce application hosting space," says Brian Shepard, Tenzing's CEO and Founder. "Our clients serve some of the world's biggest brands and they trust us to deliver a superior level of IT expertise and infrastructure for their business-critical applications."
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFIT100.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.
"Canada's Fastest-Growing Companies are the poster children for entrepreneurship, innovation and pure tenacity," says Ian Portsmouth, editor of PROFIT. "They demonstrate what it takes to succeed in today's highly competitive, technology-driven global economy."
About PROFIT Magazine
PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT—which currently reaches more than 300,000 readers nationally—hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com.
About Tenzing Managed IT Services
Founded in 1998, Tenzing is a managed hosting company that specializes in hosting enterprise-class software-as-a-service (SaaS) and Ecommerce applications. Tenzing's EVEREST hosting platform is trusted by leading SaaS Providers and Systems Integrators to meet the business demands of some of the world's largest companies. Through its mission-critical hosting architecture, mature IT Service Management (ITSM) practices, and comprehensive application-level Service Level Agreements (SLAs), Tenzing reduces the business risks and costs behind the reliable, secure, and scalable delivery of complex SaaS and Ecommerce applications. Tenzing is ISO 27001 and SAS 70 Type II certified with data centres in Toronto, Vancouver and Kelowna, B.C.