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Top 10 IT Security Companies
Canadian IT Security solutions and consulting companies have seen notable growth. Last year, total revenues on this list were almost $122 million, while this year the number is more than $161 million, a 32 per cent increase. When comparing total revenues to 2004, we see an increase of 7.26 per cent. This shows that the addition of five new companies to this list has significantly increased the total revenue standings.
Once again, we see Ontario-based companies making up a large portion of the list—50 per cent this year. Quebec companies account for 30 per cent of the total, while British Columbia and Alberta make up the
remaining 20 per cent. Examining this year’s top companies we see the breadth of IT security and the
various issues that surround different niche markets. St-Laurent, Que.’s Memory Experts International is the number one company this year, with revenues of $70 million—an increase of 27 per cent from last year. The company is involved in the creation of highly secure storage devices ranging from portable
USB devices to memory modules and hardware subsystems, focusing attention on the hardware side of electronic security.
Quiettouch is a computer services provider that tackles security issues from another perspective. The company integrates custom security solutions into its networking projects to offer clients managed network virus protection, backup strategies, disaster recovery and firewall implementation. As an Application Service Provider, the company shows how the ASP model tackles security issues in different
ways than various other vendors.
Graycon Group from Alberta offers its security services mostly to companies in Central and Western Canada. Growing revenues over 2005 by 25 per cent, this small consultancy focuses on network infrastructure-related security through analysis (risk management and planning), implementation and monitoring. 2005 has also seen the appearance of several security companies on the Top 25 Up and Comers list. One of this year’s Up and Comers, The Herjavec Group is a network security company that increased its sales by 34 per cent to earn a total of $5.5 million since its inception in 2003. VoIP security will be a very important issue as the convergence of the telephone and the Internet progresses. Also, security threats do not decrease as time goes by; if anything, new threats are uncovered each year.
