Claron Technology ranks No. 305 on the 2014 PROFIT 500

June 12, 2014, Toronto—Claron Technology, a leading medical imaging solution provider, was ranked today as No. 305 on the Canadian Business and PROFIT 26th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. The PROFIT 500, which is published in the July issue of Canadian Business and online at PROFITguide.com, ranks Canadian businesses by their revenue growth during the preceding five years. Claron was selected for its five-year revenue growth of 166%.

“The members of the PROFIT 500 are the elite of the country’s entrepreneurial community,” says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. “Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity.”

Since its founding in 2001, Claron has continued to broaden its technology platform, applications and OEM base as well as direct customers. The company has been named to the PROFIT 500 for the fourth time. This year, Claron was ranked 305. The 13-year-old company, which is privately owned by its founders, has also shown strong profitability.

"We are very proud of our repeated inclusion in the PROFIT 500 list and view it as recognition of our ability to provide growing value to our markets. Until recently, nearly all our revenue was generated from providing development services and custom-ordered modules to other companies. Last year marked a transition for Claron Technology, as our own product licensing revenues shot up and our own installed base grew rapidly. Our Nil enterprise viewer, the first in our growing Nil mobile/cloud universal visual medical data viewing product family, is now widely deployed and continues to generate strong interest in the field. We expect continued growth in our health IT division from our OEM partners and from the new distribution network that we are establishing for our own branded products,” says Claudio Gatti, co-founder and co-CEO. Claron’s NilRead is Health Canada and FDA cleared, and CE marked for diagnostic review.

In the surgical arena, Claron’s image-guided surgery systems for dental and ENT leverage innovative stereoscopic vision technology that make image-guided navigation technology more streamlined and affordable than ever before, bringing it within reach of every practice. “We spent the last few years investing in building a strong base of proprietary technology that would enable us to launch highly competitive products in new markets with incremental effort. In the short term, we are preparing to expand into two new surgical image guidance markets – dental and ENT. Combined with our stable on-going OEM services and our growing health IT licensing revenue, we believe that our rapid growth and solid profitability will continue for years to come,” says Doron Dekel, co-founder and co-CEO.

About Claron Technology, Inc.

Claron is dedicated to the application of image processing technology in medicine. It has extensive experience in developing systems that help clinicians identify anatomy and tissues of interest, visualize them, and securely distribute them on a variety of different platforms from desktop to smartphones. Claron helps healthcare vendors, ranging from young start-ups to giant device and IT vendors such as Philips, McKesson and Medtronic, deliver more value to their clinical customers faster by incorporating its technology into their products. Claron's technology is licensed in a range of formats, including low-level modules, platforms, sub-systems, applications and custom engineered exclusive solutions. For more details, please visit www.clarontech.com.

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 32 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.