CoolIT Systems named a 2015 Alberta Venture Fast Growth 50 Company

6 Jan 2015 Calgary - CoolIT Systems, a global expert in Direct Contact Liquid Cooling (DCLC) technologies, has been named one of the provinces fastest growing businesses, ranking 38th in Alberta Venture magazines Fast Growth 50 list. Now in its 15th year, the Fast Growth 50 programme is the most prominent ranking of Albertan businesses with significant growth in revenue, assets, capital expenditures and employees over a three-year period. Produced byAlberta Venturemagazine with the assistance of KPMG, this programme is one of the most recognized business rankings in the province.

"Being named amongst Alberta's 50 fastest growing businesses in 2014 is another great milestone for the company", stated CoolIT Systems CEO & CTO Geoff Lyon. "With many new data centre operators shifting their focus beyond air conditioning and towards liquid cooling for its efficiency benefits, I believe momentum is on our side for 2015."

To qualify for the Alberta Venture Fast Growth 50 ranking, companies must be headquartered in Alberta, Canada and submit supporting financial information. A panel comprised of Alberta Venture editors and experts from program partner, KPMG, determine placement on the Fast Growth 50 list based on each company's revenue growth, capital expenditures, marketing and R&D budgets. The decision of the panel is based on a holistic picture of company growth.

Source: CoolIT Systems