ST. JOHN'S, Newfoundland and Labrador (11/16/12)--Verafin Inc., a provider of fraud detection and anti-money laundering software, announced that it ranked 231st on Technology Fast 500, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Verafin is a CUNA Strategic Service provider.
Rankings are based on percentage of fiscal year revenue growth during the period from 2007-2011. The company grew 358% percent during the period.
Verafin was also listed on the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada.
The company's five-year revenue growth rate resulted in a 25th place ranking.
"Last year, when we ranked in the 2011 Technology Fast 500, we felt it spoke to our amazing growth," said Brian Whiteway, Verafin chief financial officer. "To place in this year's rankings is a firm indication of our team's success at creating a long-term vision that is built on achieving strong and sustainable annual growth. Our continued momentum is a testament to the hard work of everyone here at Verafin. It also speaks to the strong relationship we strive to develop with our customers, the passion they share for our solution and our commitment to working with them."