CoolIT Systems Named One of Canada’s Fastest-Growing Companies on PROFIT 500
CALGARY, Alberta, Sept. 18 -- CoolIT Systems, the global leader in Direct Contact Liquid Cooling (DCLC) technologies for data center, server and desktop markets, today ranked No. 119 on the 27th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years. This is the third consecutive year that CoolIT has made the PROFIT 500 list.
CoolIT Systems made the 2015 PROFIT 500 list with five-year revenue growth of 578% and ranked 20th overall in the Information Technology sector.
“The PROFIT 500 represent the highest tier of entrepreneurialism in Canada,” said James Cowan, Editor-in-chief of PROFIT and Canadian Business. “They should be lauded for the positive economic contributions they’ve made to their communities—and the entire country. They are examples of what can be accomplished with innovation, discipline and determination."
“CoolIT Systems is honoured to be named as one of Canada’s Fastest-Growing Companies on the PROFIT 500 ranking for the third year in a row,” said Geoff Lyon, CEO and CTO of CoolIT Systems. “This achievement reflects the strength of our patented liquid cooling technology for desktop and enterprise computing markets, which has driven our business to a record revenue of $27 million in 2014. Since our inception in 2001, CoolIT has continuously strived to deliver high quality direct-to-chip liquid cooled solutions."
To date, the company has deployed 30 data center liquid cooling systems. Examples include the Technical University of Denmark and the Poznan Supercomputing and Networking Center.
About PROFIT and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada’s preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 33 years, Canadian entrepreneurs 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.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a readership of more than 800,000, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.
About CoolIT Systems
CoolIT Systems is the world leader in Direct Contact Liquid Cooling (DCLC) for the Data Center, Server and Desktop markets. As an experienced innovator with 50 patents and more than 2 million liquid cooling units deployed, CoolIT brings a wealth of design, engineering, and manufacturing knowledge to the table. CoolIT's Rack DCLC platform is a modular, rack-based, advanced cooling solution that allows for dramatic increases in rack densities, component performance, and power efficiencies. The technology can be deployed with any server and in any rack making it a truly flexible solution that allows for an edge in today's highly competitive marketplace.
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Source: CoolIT Systems
