Elastic Path Software continues strong growth with fourth consecutive ranking on PROFIT 200

Elastic Path Software continues strong growth with fourth consecutive ranking on PROFIT 200

Ecommerce leader fuels growth with new enterprise customers, consulting division, and global office

Vancouver, BC, Canada, June 1, 2011 -- Elastic Path Software, provider of the industry’s most flexible enterprise ecommerce platform and strategic ecommerce consulting services, ranks #83 in the 23rd annual PROFIT 200 ranking of Canada’s Fastest-Growing Companies by PROFIT Magazine. This marks the fourth consecutive appearance on the list for the ecommerce leader, who has seen more key customer wins, a thriving ecommerce consulting division, and an additional global office.

“Certainly our client list with big brands such as Google and RIM has helped our growth. We’ve also seen successes with our ecommerce consulting division, sharing our expertise based on many ecommerce implementations. This ranking also comes on the tails of another office in Costa Rica, so there are a lot of exciting developments,” says Harry Chemko, co-founder and CEO of Elastic Path Software. “We have grown in revenue by 657% since 2005 and have a client base of over 200 customers worldwide. The future continues to be promising as we focus on serving enterprises selling digital goods and services.”

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country’s most successful growth companies. Published in the June issue of PROFIT and online at PROFIT200.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement.

“The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage,” says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they’ve come so far, so fast.”

About PROFIT Magazine
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers 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 at PROFIT online.

About Elastic Path Software
Elastic Path Software provides the industry's most flexible enterprise ecommerce platform and strategic ecommerce consulting. We help innovative enterprises sell more digital goods and services in a way that is frictionless, social, and everywhere. Major global brands such as Google, RIM, Time Inc, and Virgin Media rely on Elastic Path Software to innovate and grow. Web: https://www.elasticpath.com. Blog: www.getelastic.com. Twitter: www.twitter.com/elasticpath