CoolIT Systems 2014 revenue exceeds $27 million


23 Feb 2015 Calgary - CoolIT Systems Inc., a global expert in Direct Contact Liquid Cooling technologies, has provided a corporate update on its year-end results.

2014 saw CoolIT achieve a number of significant milestones:

  • Corporate revenue exceeded $27 million in 2014, a 40% increase over 2013
  • Revenue from the Data Center Solutions division increased to 31% of total
  • Employee headcount grew by 25%
  • Headquarters space expanded from 7,500 sq. ft. to 20,000 sq. ft.
  • Strategic Partnership with CES Group allows for expanded products and service.
  • The company was recognized for several significant achievements including Deloitte's Technology Fast 500 for North America and Canadian Business PROFIT500 ranking

According to Geoff Lyon, CEO & CTO, CoolIT's focus on developing a full range of large scale data centre cooling solutions was the key factor in growing the business.

"Data centre revenue spurred our growth last year and with the tremendous increase in mobile computing, social media traffic and streaming video, data centres will be a source of growth for many years to come", stated Geoff Lyon. "With chip makers releasing higher powered processors that benefit greatly from liquid cooling, 2015 is shaping up to be another strong year for both CoolIT and the increased adoption of liquid cooling."

CoolIT is shipping liquid cooled desktop, server and data centre solutions worldwide.
Source: CoolIT Systems