Health & Fitness
Health and Fitness
Health and Fitness
Fri, October 21, 2011
Thu, October 20, 2011
Synovis Life Technologies Ranked in Deloitte Technology Fast 500a"
ST. PAUL, Minn.--([ BUSINESS WIRE ])--Synovis Life Technologies, Inc. (Nasdaq: SYNO) today announced its inclusion on Deloittea™s 2011 Technology Fast 500a" list. The list ranks the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Synovis earned its ranking at No. 479 after attaining 147 percent revenue growth from fiscal 2006 to fiscal 2010.
"Our soft tissue repair products continue to perform in a challenging market, and our portfolio and our people continue to prove themselves as powerful generators of growth and profitability"
Synovis chief executive officer Richard Kramp credits the revenue growth to exceptional product performance and Synovis serving as a trusted resource for its customers. aOur soft tissue repair products continue to perform in a challenging market, and our portfolio and our people continue to prove themselves as powerful generators of growth and profitability,a said Kramp.
Synovisa™ strong product portfolio and its focus on innovation and technological advances have positioned the company for continued success, evidenced by 17 consecutive quarters of double-digit sales growth.
aSynovis, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth a" against the backdrop of one of the most challenging economies in history,a said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. aDeloitte recognizes Synovis for this remarkable accomplishment.a
About Deloittea™s 2011 Technology Fast 500a"
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies a" both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Synovis
Synovis Life Technologies, Inc., a diversified medical device company based in St. Paul, Minn., develops, manufactures and markets biological and mechanical products used by several surgical specialties to facilitate the repair and reconstruction of soft tissue damaged or destroyed by disease or injury. The company's products include implantable biomaterials for soft tissue repair, devices for microsurgery and surgical tools - all designed to reduce risks and/or facilitate critical surgeries, improve patient outcomes and reduce healthcare costs. For additional information on Synovis Life Technologies and its products, visit the company's website at [ www.synovislife.com ].
