Canada-based computer hardware manufacturing firm CoolIT has been recognized as one of the fastest-growing tech companies in North America and Canada. The recognition has been awarded as part of the DeloitteTechnology ‘Fast 50’ and ‘Fast 500’ programs. Based on the percentage of their fiscal year revenue growth from 2018 to 2021, Deloitte's program seeks to gauge a company's performance and development prospects. Deloitte has compiled a list of the North American businesses in the technology, media, telecommunications, health sciences, fintech, and energy sectors that are expanding the quickest.
Officials at CoolIT attribute a great share of their success and recognition to their unique Direct Liquid Cooling technology (DLC). DLC provides cooling for computing environments by dissipating heat from the computer and server components using significantly more efficient water-cooling than legacy air-cooling technology. With a substantial history of 20 years of service, DLC technology has been assisting customers in the desktop, enterprise data center and high-performance computing markets to increase densities, component performance, and power efficiencies.
“With these awards, CoolIT has again been recognized as the innovation beacon, authority, and educator to industry. We’re excited to have blown past the inflection point of technology adoption since we’ve consistently led the market with our innovative products and services. We remain focused on scaling to support enterprise adoption of Direct Liquid Cooling by investing in people and infrastructure while continuing to develop the products that will set future industry standards,” says Patrick McGinn, Chief Operating Officer at CoolIT.
The exceptional revenue growth achieved, even during the pandemic, enabled CoolIT to become the 11th best-performing tech company in Canada. The company registered a 379% growth in revenue from 2017 to 2020. According to CoolIT, the growth shows the acceptance of their products and technology among their clients, providing reliable and efficient service for a long period of time. The company is proud of making this success happen, which was only possible with their engaged and cohesive team. “Our people are what put us in a position to succeed. We have a great team here that is always looking to not only solve our customers’ current challenges but to also innovate and thrive for the future. It’s that type of engagement that has allowed us to become a thought leader in the liquid cooling space,” Patrick McGinn concluded.
Name: Daniele Soares
Email: daniele.soares@coolitsystems.com
Published by: Omar Hamdi